Gregory B. Smith - 15 Mar 2024 Form 4 Insider Report for Southern States Bancshares, Inc. (SSBK)

Role
Chief Risk Officer
Signature
/s/ Gregory B. Smith, by Jeff Shanks as Attorney-in-Fact
Issuer symbol
SSBK
Transactions as of
15 Mar 2024
Net transactions value
+$100,000
Form type
4
Filing time
18 Mar 2024, 09:45:41 UTC
Previous filing
12 Mar 2024
Next filing
17 Oct 2024
SEC
View on sec.gov

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 Options Exercise $100,000 +10,000 +18% $10.00 66,088 15 Mar 2024 Direct F1

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) Options Exercise $0 -10,000 -67% $0.000000 5,000 15 Mar 2024 Common Stock 10,000 $10.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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
F2 These options were granted on 1/20/2016, vest in one-fifth increments over five years, and became fully vested and exercisable on 1/20/2021