Mark Chambers - Feb 21, 2024 Form 4 Insider Report for Southern States Bancshares, Inc. (SSBK)

Role
Chief Executive Officer, Director
Signature
/s/ Mark Chambers, 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, 02:56 PM
Previous filing
Jul 18, 2023

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 +2.67K +5.26% $0.00 53.4K Feb 21, 2024 Direct F1, F2, F3

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 +4.04K $0.00 4.04K Feb 21, 2024 Common Stock 4.04K $26.42 Direct F4
* 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 14,527 in vested restricted units and 7,265 in unvested restricted units which will fully vest by December 31, 2024. Includes 4,510 in unvested restricted shares which will incrementally vest annually by 2/21/2027
F3 Includes 257 shares of common stock under the Southern States Bancshares, Inc. Dividend Reinvestment and Common Stock Purchase Plan.
F4 These options were granted on 2/21/2024, vest in one-third increments over three years, and will be fuly vested and exercisable on 2/21/2027