HFBL Home Federal Bancorp Inc of Louisiana

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

CUSIP NO. 43708L 10 8

13G/A

Page 2 of 6 Pages

1.

NAMES OF REPORTING PERSONS

Home Federal Bank Employee Stock Ownership Plan Trust

2.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP         (a)       ☐  

  (b)      ☐

3.

SEC USE ONLY

4.

CITIZENSHIP OR PLACE OF ORGANIZATION

Louisiana

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

5.

SOLE VOTING POWER

92,075

6.

SHARED VOTING POWER

299,217

7.

SOLE DISPOSITIVE POWER

92,075

8.

SHARED DISPOSITIVE POWER

299,217

9.

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

391,292

10.

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES         ☐

11.

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

12.4%

12.

TYPE OF REPORTING PERSON

EP

CUSIP NO. 43708L 10 8

13G/A

Page 3 of 6 Pages

Name of Issuer:

624 Market Street

Shreveport, Louisiana 71101

Name of Person Filing:

Home Federal Bank Employee Stock Ownership Plan Trust (“Plan Trust”)

Address of Principal Business Office or, if None, Residence:

Home Federal Bank

222 Florida Street

Shreveport, Louisiana 71105

Citizenship:

Louisiana

Title of Class of Securities:

Common Stock, par value $.01 per share

CUSIP Number:

43708L 10 8

If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b), or (c), check whether the person filing is a:

☒  An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F).

CUSIP NO. 43708L 10 8

13G/A

Page 4 of 6 Pages

Item 4.

Ownership.

(a)

Amount beneficially owned:

391,292

(b)

Percent of class: 12.4% (based on 3,143,532 shares issued and outstanding as of December 31, 2023)

(c)

Number of shares as to which such person has:

(i)

Sole power to vote or to direct the vote 92,075                           

(ii)

Shared power to vote or to direct the vote 299,217                           

(iii)

Sole power to dispose or to direct the disposition of 92,075                  

(iv)

Shared power to dispose or to direct the disposition of 299,217         

The reporting person is an employee benefit plan subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended, with individual accounts for the benefit of participating employees and their beneficiaries. The reporting person’s assets are held in trust by trustees James R. Barlow, Glen W. Brown and Dawn F. Williams (“Plan Trustees”). The number of shares listed as beneficially owned represents the entire number of shares of Common Stock held by the Plan Trust, as of December 31, 2023.

As of December 31, 2023, 299,217 shares of Common Stock were allocated to individual accounts established for participating employees and their beneficiaries and 92,075 unallocated shares were held and were available for allocation in future years. In general, participating employees and their beneficiaries have the power and authority to direct the voting of shares of Common Stock allocated to their individual accounts through the Plan Trustees, who have shared voting power over the allocated Common Stock. Any unallocated Common Stock is generally required to be voted by the Plan Trustees for or against proposals to shareholders in the same proportion as the shares of Company Stock which have been allocated to the accounts of individual participants and beneficiaries are actually voted thereby, subject in each case to the fiduciary duties of the Plan Trustees and applicable law.

Item 5.

Ownership of Five Percent or Less of a Class.

Not applicable since the reporting entity owns more than 5% of the class.

CUSIP NO. 43708L 10 8

13G/A

Page 5 of 6 Pages

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

Dividends on Common Stock allocated to the accounts of participating employees and their beneficiaries, to the extent paid in the form of additional securities, are added to their respective individual accounts. Dividends on Common Stock allocated to the accounts of participating employees and their beneficiaries, to the extent paid in cash, are, at the direction of the Plan Administrator, either (i) credited to the respective individual accounts, (ii) paid to the participant or beneficiary or (iii) used to pay principal and interest on outstanding indebtedness incurred by the reporting person to acquire Common Stock.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the

Security Being Reported on by the Parent Holding Company or Control Person.

Not applicable.

Item 8.

Identification and Classification of Members of the Group.

Not applicable since the reporting entity is not a member of a group.

Item 9.

Notice of Dissolution of Group.

Not applicable since the reporting entity is not a member of a group.

CUSIP NO. 43708L 10 8

13G/A

Page 6 of 6 Pages

Item 10.

Certifications.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

February 9, 2024

By:

James R. Barlow, Trustee

February 9, 2024

By:

Glen W. Brown, Trustee

February 9, 2024

By:

Dawn F. Williams, Trustee