James W. Swift - Feb 9, 2022 Form 4 Insider Report for Southern States Bancshares, Inc. (SSBK)

Role
Chief Operating Officer
Signature
/s/ James W. Swift, by Jeff Shanks as Attorney-in-Fact
Stock symbol
SSBK
Transactions as of
Feb 9, 2022
Transactions value $
$0
Form type
4
Date filed
2/11/2022, 10:59 AM
Previous filing
Aug 13, 2021
Next filing
Jan 5, 2023

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 +1.93K +8.03% $0.00 25.9K Feb 9, 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 +3.19K $0.00 3.19K Feb 9, 2022 Common Stock 3.19K $20.61 Direct F3
holding SSBK STOCK OPTIONS (RIGHT TO BUY) 15K Feb 9, 2022 Common Stock 15K $10.00 Direct F4
holding SSBK STOCK OPTIONS (RIGHT TO BUY) 7.5K Feb 9, 2022 Common Stock 7.5K $14.50 Direct F5
holding SSBK STOCK OPTIONS (RIGHT TO BUY) 9.53K Feb 9, 2022 Common Stock 9.53K $16.00 Direct F6
holding SSBK STOCK OPTIONS (RIGHT TO BUY) 10.8K Feb 9, 2022 Common Stock 10.8K $20.10 Direct F7
holding SSBK STOCK OPTIONS (RIGHT TO BUY) 3.87K Feb 9, 2022 Common Stock 3.87K $20.03 Direct F8
* 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 1/20/2016, vest in one-fifth increments over five years, and became fully vested and exercisable on 1/20/2021
F5 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
F6 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
F7 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
F8 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