James W. Swift - Feb 15, 2023 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 15, 2023
Transactions value $
$0
Form type
4
Date filed
2/17/2023, 04:27 PM
Previous filing
Jan 5, 2023
Next filing
Feb 22, 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 +1.36K +2.96% $0.00 47.3K 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 STOCK OPTIONS (RIGHT TO BUY) Award $0 +2.12K $0.00 2.12K Feb 15, 2023 Common Stock 2.12K $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 6,658 in vested restricted units and 13,318 in unvested restricted units which will fully vest by December 31, 2024. Includes 3,276 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