Gregory B. Smith - 11 Aug 2021 Form 3 Insider Report for Southern States Bancshares, Inc. (SSBK)

Role
Chief Risk Officer
Signature
Jeff Shanks
Issuer symbol
SSBK
Transactions as of
11 Aug 2021
Net transactions value
$0
Form type
3
Filing time
11 Aug 2021, 17:00:51 UTC
Next filing
11 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SSBK Common Stock, par value $5.00 per share 25,071 11 Aug 2021 Direct F1

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 SSBK STOCK OPTION (RIGHT TO BUY) 11 Aug 2021 Common Stock, par value $5.00 per share 25,000 $10.00 Direct F2
holding SSBK STOCK OPTION (RIGHT TO BUY) 11 Aug 2021 Common Stock, par value $5.00 per share 7,500 $14.50 Direct F3
holding SSBK STOCK OPTION (RIGHT TO BUY) 11 Aug 2021 Common Stock, par value $5.00 per share 9,529 $16.00 Direct F4
holding SSBK STOCK OPTION (RIGHT TO BUY) 11 Aug 2021 Common Stock, par value $5.00 per share 10,828 $20.10 Direct F5
holding SSBK STOCK OPTION (RIGHT TO BUY) 11 Aug 2021 Common Stock, par value $5.00 per share 3,865 $20.03 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 3,615 in unvested restricted shares which will incrementally vest annually by 2/10/2024
F2 These options were granted on 1/20/2016, vest in one-fifth increments over five years, and became fully vested and exercisable on 1/20/2021
F3 These options were granted on 1/21/2018, vest in one-third increments over three years, and became fully vested and exercisable on 1/21/2021
F4 These options were granted on 1/22/2019, vest in one-third increments over three years, and will be fully vested and exercisable on 1/22/2022
F5 These options were granted on 1/22/2020, vest in one-third increments over three years, and will be fully vested and exercisable on 1/22/2023
F6 These options were granted on 2/10/2021, vest in one-third increments over three years, and will be fully vested and exercisable on 2/10/2024

Remarks:

This Form 3 is being filed in connection with the effectiveness of the Registration Statement on Form S-1 (File No. 333-257915 of Southern States Bancshares, Inc. Exhibit List: Exhibit 24 - Power of Attorney (CE)