Mason Y. Garrett - Jul 21, 2022 Form 4 Insider Report for GRANDSOUTH BANCORPORATION (GRRB)

Role: Chairman and CEO, Director, 10%+ Owner
Signature: /s/ Nelson Mullins Riley & Scarborough LLP for Mason Y. Garrett
Stock symbol: GRRB
Transactions as of: Jul 21, 2022
Transactions value $: $15,575
Form type: 4
Date filed: 7/22/2022, 04:50 PM
Previous filing: Nov 4, 2021
Next filing: Dec 6, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GRRB	Common Stock	Purchase	$15.6K	+500	+0.14%	$31.15	348K	Jul 21, 2022	Direct
holding	GRRB	Common Stock						13.3K	Jul 21, 2022	By Self as Custodian for Grandchildren
holding	GRRB	Common Stock						175K	Jul 21, 2022	By Spouse
holding	GRRB	Common Stock						2.22K	Jul 21, 2022	By Children
holding	GRRB	Common Stock						61.5K	Jul 21, 2022	By BMPBC, LLC Partnership
holding	GRRB	Common Stock						61.5K	Jul 21, 2022	By Self as Custodian for Brother
holding	GRRB	Common Stock						300K	Jul 21, 2022	By Mason Y. Garrett Family, LP

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	GRRB	Preferred Stock - Series						9.2K	Jul 21, 2022	Common Stock	9.2K		Direct	F1

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

Explanation of Responses:

Id	Content
F1	The Series A Preferred Stock is convertible upon a Change of Control (as defined in the Articles of Amendment designating the Series A Preferred)into a number of shares of the issuer's common stock on a one-for-one basis and has no expiration date.