Stephen W. Whatley - Feb 15, 2023 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 15, 2023
Transactions value $
$0
Form type
4
Date filed
2/17/2023, 04:20 PM
Previous filing
Jan 5, 2023
Next filing
Mar 6, 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 +2.57K +0.46% $0.00 556K Feb 15, 2023 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 SOCK OPTIONS (RIGHT TO BUY) Award $0 +4K $0.00 4K Feb 15, 2023 Common Stock 4K $30.23 Direct F3
* 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 8,475 in vested restricted units and 16,949 in unvested restricted units which will fully vest by December 31, 2024. Includes 6,177 in unvested restricted shares which will incrementally vest annually by 2/15/2026
F3 These options were granted on 2/15/2023, vest in one-third increments over three years, and will be fully vested and exercisable on 2/15/2026