Mason Y. Garrett - 06 Dec 2022 Form 4 Insider Report for GRANDSOUTH BANCORPORATION

Role: Chairman and CEO, Director, 10%+ Owner
Signature: /s/ Nelson Mullins Riley & Scarborough LLP as POA for Mason Y. Garrett
Issuer symbol: N/A
Transactions as of: 06 Dec 2022
Net transactions value: $0
Form type: 4
Filing time: 06 Dec 2022, 16:33:54 UTC
Previous filing: 22 Jul 2022
Next filing: 11 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GRRB	Common Stock	Other	$0	-2,223	-100%	$0.000000^*	0	06 Dec 2022	Transfer to Child	F1
transaction	GRRB	Common Stock	Other	$0	-61,492	-100%	$0.000000^*	0	06 Dec 2022	Transfer to Brother	F2
holding	GRRB	Common Stock						348,255	06 Dec 2022	Direct
holding	GRRB	Common Stock						13,336	06 Dec 2022	By Self as Custodian for Grandchildren
holding	GRRB	Common Stock						174,663	06 Dec 2022	By Spouse
holding	GRRB	Common Stock						61,492	06 Dec 2022	By BMPBC, LLC Partnership
holding	GRRB	Common Stock						300,000	06 Dec 2022	By Mason Y. Garrett Family, LP

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
holding	GRRB	Preferred Stock - Series A						9,204	06 Dec 2022	Common Stock	9,204		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes 2,223 shares formerly held by Mr. M. Garrett as custodian for his step-daughter. These shares were transferred to his step-daughter, who does not share his household.
F2	Includes 61,492 shares held by Mr. M. Garrett as custodian for his brother. These shares were transferred to his brother, who does not share his household.
F3	The Series A Preferred Stock is convertible upon a Change of Control as defined in the Articles of Amendment designating the Series A Preferred into a number of shares of the issuers common stock on a one for one basis and has no expiration date.