James W. Swift - Feb 21, 2024 Form 4 Insider Report for Southern States Bancshares, Inc. (SSBK)

Role
Chief Operating Officer
Signature
/s/ James W. Swift, by Jeff Shanks as Attorney-in-Fact
Stock symbol
SSBK
Transactions as of
Feb 21, 2024
Transactions value $
$0
Form type
4
Date filed
2/23/2024, 02:35 PM
Previous filing
Feb 24, 2023
Next filing
May 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SSBK Common Stock, par value $5.00 per share Award $0 +1.72K +3.19% $0.00 55.5K Feb 21, 2024 Direct F1, F2

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
transaction SSBK STOCK OPTIONS (RIGHT TO BUY) Award $0 +2.6K $0.00 2.6K Feb 21, 2024 Common Stock 2.6K $26.42 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant of restricted stock
F2 Includes 13,318 in vested restricted units and 6,658 in unvested restricted units which will fully vest by December 31, 2024. Includes 3,267 in unvested restricted shares which will incrementally vest annually by 2/21/2027
F3 These options were granted on 2/21/2024, vest in one-third increments over three years, and will be fully vested and exercisable on 2/21/2027