Lynn J. Joyce - Aug 11, 2021 Form 3 Insider Report for Southern States Bancshares, Inc. (SSBK)

Role
Chief Financial Officer
Signature
Jeff Shanks
Stock symbol
SSBK
Transactions as of
Aug 11, 2021
Transactions value $
$0
Form type
3
Date filed
8/11/2021, 05:01 PM
Next filing
Feb 11, 2022

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 25.2K Aug 11, 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) Aug 11, 2021 Common Stock, par value $5.00 per share 7.5K $14.50 Direct F2
holding SSBK STOCK OPTION (RIGHT TO BUY) Aug 11, 2021 Common Stock, par value $5.00 per share 9.49K $16.00 Direct F3
holding SSBK STOCK OPTION (RIGHT TO BUY) Aug 11, 2021 Common Stock, par value $5.00 per share 10.8K $20.10 Direct F4
holding SSBK STOCK OPTION (RIGHT TO BUY) Aug 11, 2021 Common Stock, par value $5.00 per share 3.87K $20.03 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 3,613 in unvested restricted shares which will incrementally vest annually by 2/10/2024
F2 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
F3 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
F4 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
F5 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)