Brian D. Schmitt - Aug 2, 2021 Form 4 Insider Report for COLONY BANKCORP INC (CBAN)

Role: Director, Executive Vice Chairman
Signature: Lee Bagwell Attorney-in-fact for Brian D. Schmitt
Stock symbol: CBAN
Transactions as of: Aug 2, 2021
Transactions value $: $0
Form type: 4
Date filed: 8/5/2021, 03:02 PM
Next filing: Sep 10, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CBAN	COLONY BANKCORP, INC COMMON STOCK	Award		+48.7K	+973.32%		53.7K	Aug 2, 2021	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Acquired in exchange for 76,654 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.

Content

Acquired in exchange for 76,654 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.