Gregory B. Smith - Feb 9, 2023 Form 4 Insider Report for Southern States Bancshares, Inc. (SSBK)

Role
Chief Risk Officer
Signature
/s/ Gregory B. Smith, by Jeff Shanks as Attorney-in-Fact
Stock symbol
SSBK
Transactions as of
Feb 9, 2023
Transactions value $
$100,000
Form type
4
Date filed
2/10/2023, 08:24 AM
Previous filing
Jan 5, 2023
Next filing
Feb 15, 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 Options Exercise $100K +10K +20.74% $10.00 58.2K Feb 9, 2023 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
transaction SSBK STOCK OPTIONS (RIGHT TO BUY) Options Exercise $0 -10K -40% $0.00 15K Feb 9, 2023 Common Stock 10K $10.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 6,658 in vested restricted units and 13,318 in unvested restricted units which will fully vest by December 31, 2024. Includes 1,915 in unvested restricted shares which will incrementally vest annually by 2/9/2025.
F2 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