Lynn J. Joyce - 09 Feb 2022 Form 4 Insider Report for Southern States Bancshares, Inc. (SSBK)

Role
Chief Financial Officer
Signature
/s/ Lynn J. Joyce, by Jeff Shanks as Attorney-in-Fact
Issuer symbol
SSBK
Transactions as of
09 Feb 2022
Net transactions value
$0
Form type
4
Filing time
11 Feb 2022, 10:57:28 UTC
Previous filing
13 Aug 2021
Next filing
05 Jan 2023
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 Award $0 +1,929 +7.3% $0.000000 28,374 09 Feb 2022 Direct F1, F2

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
transaction SSBK STOCK OPTIONS (RIGHT TO BUY) Award $0 +3,188 $0.000000 3,188 09 Feb 2022 Common Stock 3,188 $20.61 Direct F3
holding SSBK STOCK OPTIONS (RIGHT TO BUY) 7,500 09 Feb 2022 Common Stock 7,500 $14.50 Direct F4
holding SSBK STOCK OPTIONS (RIGHT TO BUY) 9,486 09 Feb 2022 Common Stock 9,486 $16.00 Direct F5
holding SSBK STOCK OPTIONS (RIGHT TO BUY) 10,828 09 Feb 2022 Common Stock 10,828 $20.10 Direct F6
holding SSBK STOCK OPTIONS (RIGHT TO BUY) 3,865 09 Feb 2022 Common Stock 3,865 $20.03 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant of restricted stock
F2 Includes 3,777 in unvested restricted shares which will incrementally vest annually by 2/9/2025
F3 These options were granted on 2/9/2022, vest in one-third increments over three years, and will be fully vested and exercisable on 2/9/2025
F4 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
F5 These options were granted on 1/22/2019, vest in one-third increments over three years, and became fully vested and exercisable on 1/22/2022
F6 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
F7 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