J. Randolph Potter - May 14, 2021 Form 3 Insider Report for GRANDSOUTH BANCORPORATION (GRRB)

Role
Director
Signature
/s/Nelson Mullins Riley & Scarborough LLP as POA for J. Randolph Potter
Stock symbol
GRRB
Transactions as of
May 14, 2021
Transactions value $
$0
Form type
3
Date filed
5/14/2021, 04:38 PM
Next filing
Jul 22, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GRRB Common Stock 600 May 14, 2021 Direct
holding GRRB Common Stock 2.08K May 14, 2021 By Spouse
holding GRRB Preferred Stock Series A 1.19K May 14, 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 May 14, 2021 Common Stock 10K $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.