James J. Lynch - 19 Aug 2021 Form 4 Insider Report for Southern States Bancshares, Inc. (SSBK)

Role
Director
Signature
/s/ James J. Lynch, by Jeff Shanks as Attorney-in-Fact
Issuer symbol
SSBK
Transactions as of
19 Aug 2021
Net transactions value
$0
Form type
4
Filing time
23 Aug 2021, 16:10:28 UTC
Previous filing
11 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SSBK Common Stock, par value $5.00 per share Conversion of derivative security +341,417 +71% 822,287 19 Aug 2021 Patriot Financial Partners LP F1, F2
transaction SSBK Non-Voting Common Stock, par value $5.00 per share Conversion of derivative security -341,417 -100% 0 19 Aug 2021 Patriot Financial Partners LP F1, F2
holding SSBK Common Stock, par value $5.00 per share 2 19 Aug 2021 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 19, 2021, the reporting persons converted 341,417 shares of non-voting common stock into 341,417 shares of voting common stock for no consideration. The non-voting common stock is convertible by its terms into voting common stock on a one-for-one basis.
F2 The reporting person is the Managing Partner of the limited partnership company that owns the company stock.