T Heath Fountain - Aug 2, 2021 Form 4 Insider Report for COLONY BANKCORP INC (CBAN)

Role: President and CEO, Director
Signature: Lee Bagwell, Attorney-in-fact for T. Heath Fountain.
Stock symbol: CBAN
Transactions as of: Aug 2, 2021
Transactions value $: $0
Form type: 4
Date filed: 8/5/2021, 11:28 AM
Previous filing: Jul 6, 2021
Next filing: Feb 10, 2022

Transactions Table

Type	Sym	Class	Transaction	Shares	Change %	Shares After	Date	Ownership	Footnotes
transaction	CBAN	COLONY BANKCORP, INC. COMMON STOCK	Purchase	+316	+0.89%	36K	Aug 2, 2021	Direct	F1, F2
holding	CBAN	COLONY BANKCORP, INC COMMON STOCK				9.86K	Aug 2, 2021	401(K)
holding	CBAN	COLONY BANKCORP, INC. COMMON STOCK				600	Aug 2, 2021	UTMA for daughter
holding	CBAN	COLONY BANKCORP, INC. COMMON STOCK				800	Aug 2, 2021	UTMA for son

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Acquired in exchange for 500 shares of SouthCrest Financial Group, Inc. ("SouthCrest") in connection with the merger of SouthCrest with and into the issuer (the "Merger"). At the effective time of the Merger, each share of SouthCrest capital stock that was allocated stock consideration was converted into the right to receive approximately 0.7318 shares of the issuer's common stock. On the effective date of the Merger, the closing price of the issuer's common stock was $17.90 per share.
F2	Includes shares acquired through salary deferral.

Content

Acquired in exchange for 500 shares of SouthCrest Financial Group, Inc. ("SouthCrest") in connection with the merger of SouthCrest with and into the issuer (the "Merger"). At the effective time of the Merger, each share of SouthCrest capital stock that was allocated stock consideration was converted into the right to receive approximately 0.7318 shares of the issuer's common stock. On the effective date of the Merger, the closing price of the issuer's common stock was $17.90 per share.

Includes shares acquired through salary deferral.