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

Role
Chief Executive Officer, Director
Signature
/s/ Stephen W. Whatley, 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 +3.64K +0.69% $0.00 528K 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 +6.01K $0.00 6.01K Feb 9, 2022 Common Stock 6.01K $20.61 Direct F3
holding SSBK STOCK OPTIONS (RIGHT TO BUY) 50K Feb 9, 2022 Common Stock 50K $10.00 Direct F4
holding SSBK STOCK OPTIONS (RIGHT TO BUY) 10K Feb 9, 2022 Common Stock 10K $14.50 Direct F5
holding SSBK STOCK OPTIONS (RIGHT TO BUY) 16.5K Feb 9, 2022 Common Stock 16.5K $16.00 Direct F6
holding SSBK STOCK OPTIONS (RIGHT TO BUY) 18.2K Feb 9, 2022 Common Stock 18.2K $20.10 Direct F7
holding SSBK STOCK OPTIONS (RIGHT TO BUY) 7.28K Feb 9, 2022 Common Stock 7.28K $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 10,406 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