Gregory B. Smith - 09 Feb 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
Issuer symbol: SSBK
Transactions as of: 09 Feb 2023
Net transactions value: +$100,000
Form type: 4
Filing time: 10 Feb 2023, 08:24:20 UTC
Previous filing: 05 Jan 2023
Next filing: 15 Feb 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	Options Exercise	$100,000	+10,000	+21%	$10.00	58,226	09 Feb 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	-10,000	-40%	$0.000000	15,000	09 Feb 2023	Common Stock	10,000	$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