James W. Swift - May 7, 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
May 7, 2024
Transactions value $
-$94,729
Form type
4
Date filed
5/8/2024, 06:22 PM
Previous filing
Feb 23, 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 Options Exercise $50K +5K +9% $10.00 60.5K May 7, 2024 Direct F1
transaction SSBK Common Stock, par value $5.00 per share Options Exercise $109K +7.5K +12.39% $14.50 68K May 7, 2024 Direct
transaction SSBK Common Stock, par value $5.00 per share Options Exercise $152K +9.53K +14.01% $16.00 77.6K May 7, 2024 Direct
transaction SSBK Common Stock, par value $5.00 per share Options Exercise $218K +10.8K +13.96% $20.10 88.4K May 7, 2024 Direct
transaction SSBK Common Stock, par value $5.00 per share Options Exercise $77.4K +3.87K +4.37% $20.03 92.3K May 7, 2024 Direct
transaction SSBK Common Stock, par value $5.00 per share Options Exercise $49.3K +2.39K +2.59% $20.61 94.7K May 7, 2024 Direct
transaction SSBK Common Stock, par value $5.00 per share Tax liability -$750K -28.4K -29.97% $26.45 66.3K May 7, 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 -5K -100% $0.00* 0 May 7, 2024 Common Stock 5K $10.00 Direct F2
transaction SSBK STOCK OPTIONS (RIGHT TO BUY) Options Exercise $0 -7.5K -100% $0.00* 0 May 7, 2024 Common Stock 7.5K $14.50 Direct F3
transaction SSBK STOCK OPTIONS (RIGHT TO BUY) Options Exercise $0 -9.53K -100% $0.00* 0 May 7, 2024 Common Stock 9.53K $16.00 Direct F4
transaction SSBK STOCK OPTION (RIGHT TO BUY) Options Exercise $0 -10.8K -100% $0.00* 0 May 7, 2024 Common Stock 10.8K $20.10 Direct F5
transaction SSBK STOCK OPTION (RIGHT TO BUY) Options Exercise $0 -3.87K -100% $0.00* 0 May 7, 2024 Common Stock 3.87K $20.03 Direct F6
transaction SSBK STOCK OPTIONS (RIGHT TO BUY) Options Exercise $0 -2.39K -75% $0.00 797 May 7, 2024 Common Stock 2.39K $20.61 Direct F7
* 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
F3 These options were granted on 1/21/2018, vest in one-third increments over three years, and became fully vested and exercisable on 1/21/2021
F4 These options were granted on 2/08/2019, vest in one-third increments over three years, and became fully vested and exercisable on 2/08/2022
F5 These options were granted on 1/22/2020, vest in one-third increments over three years, and became fully vested and exercisable on 1/22/2023
F6 These options were granted on 2/10/2021, vest in one-third increments over three years, and became fully vested and exercisable on 2/10/2024
F7 These options were granted on 2/9/2022, vest in one-third increments over three years, and will be fully vested and exercisable on 2/9/2025