John Garrett - May 14, 2021 Form 3 Insider Report for GRANDSOUTH BANCORPORATION (GRRB)

Role
CFO, Director
Signature
/s/Nelson Mullins Riley & Scarborough LLP as POA for John B. Garrett
Stock symbol
GRRB
Transactions as of
May 14, 2021
Transactions value $
$0
Form type
3
Date filed
5/14/2021, 04:27 PM
Next filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GRRB Common Stock 145K May 14, 2021 Direct
holding GRRB Common Stock 2.02K May 14, 2021 By Spouse
holding GRRB Common Stock 33.4K May 14, 2021 By Self as Custodian for Children
holding GRRB Preferred Stock Series A 2.46K May 14, 2021 Direct
holding GRRB Preferred Stock Series A 6.19K May 14, 2021 By Self as Custodian for Children

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 Employee Stock Option May 14, 2021 Common Stock 25K $16.55 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Granted pursuant to the 2019 Stock Option Plan. The shares subject to this option vested and became exercisable, or will vest, subject to conditions, and become exercisable as follows: 20% on each June 21, 2020, 2021, 2022, 2023, and 2024.

Remarks:

Exhibit Index: Exhibit 24.1, Power of Attorney.