Edward M. Rast Jr - May 14, 2021 Form 3 Insider Report for GRANDSOUTH BANCORPORATION (GRRB)

Role
Director
Signature
/s/Nelson Mullins Riley & Scarborough LLP as POA for Edward M. Rast, Jr.
Stock symbol
GRRB
Transactions as of
May 14, 2021
Transactions value $
$0
Form type
3
Date filed
5/14/2021, 04:56 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 1K 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 $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.