Gregory B. Smith - 12 Feb 2025 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
12 Feb 2025
Net transactions value
+$50,000
Form type
4
Filing time
14 Feb 2025, 09:17:41 UTC
Previous filing
17 Oct 2024
Next filing
21 Feb 2025
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 $50,000 +5,000 +7.6% $10.00 70,743 12 Feb 2025 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 +5,000 $0.000000 0 12 Feb 2025 Common Stock 5,000 $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 19,976 in restricted units which fully vested on December 31, 2024. Includes 2,051 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