J. Randolph Potter - 14 May 2021 Form 3 Insider Report for GRANDSOUTH BANCORPORATION

Role: Director
Signature: /s/Nelson Mullins Riley & Scarborough LLP as POA for J. Randolph Potter
Issuer symbol: N/A
Transactions as of: 14 May 2021
Net transactions value: $0
Form type: 3
Filing time: 14 May 2021, 16:38:10 UTC
Next filing: 22 Jul 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	GRRB	Common Stock						600	14 May 2021	Direct
holding	GRRB	Common Stock						2,083	14 May 2021	By Spouse
holding	GRRB	Preferred Stock Series A						1,192	14 May 2021	Direct

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	Stock Option							14 May 2021	Common Stock	10,000	$20.90	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 vest and are exercisable as follows: 20% on each April 21, 2022, 2023, 2024, 2025, and 2026.

Remarks:

Exhibit Index: Exhibit 24.1, Power of Attorney.