Richard E. Drews Jr. - Sep 4, 2024 Form 4 Insider Report for Southern States Bancshares, Inc. (SSBK)

Role
Director
Signature
/s/ Richard E. Drews Jr., by Jeff Shanks as Attorney-in-Fact
Stock symbol
SSBK
Transactions as of
Sep 4, 2024
Transactions value $
$0
Form type
4
Date filed
9/5/2024, 02:21 PM
Previous filing
Aug 2, 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 +26.5K +6697.73% $0.00 26.9K Sep 4, 2024 Direct F1
transaction SSBK Common Stock, par value $5.00 per share Award $0 +775 $0.00 775 Sep 4, 2024 By granddaughter F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares acquired from the issuer as a result of the merger of CBB Bancorp with and into Southern States Bancshares, Inc. On September 4, 2024, the reporting person became entitled to receive 26,523 shares of common stock of the issuer, and cash, in exchange for 17,111 shares of CBB Bancorp.
F2 Represents shares acquired from the issuer as a result of the merger of CBB Bancorp with and into Southern States Bancshares, Inc. On September 4, 2024, the reporting person became entitled to receive 775 shares of common stock of the issuer, and cash, in exchange for 500 shares of CBB Bancorp.