J. Jonathan Ayers - Jan 31, 2022 Form 4 Insider Report for FB Financial Corp (FBK)

Role: Director
Signature: /s/ Beth W. Sims, as Attorney-in-Fact
Stock symbol: FBK
Transactions as of: Jan 31, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/2/2022, 08:21 PM
Previous filing: May 25, 2021
Next filing: May 24, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FBK	Common Stock	Other	$0	+2.21K	+20.55%	$0.00	13K	Jan 31, 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	As reported in Forms 4 filed by Mr. James W. Ayers with the Securities and Exchange Commission on November 30, 2017, January 4, 2018 April 3, 2018, and July 3, 2018, Mr. James W. Ayers, for no consideration, previously transferred to Ayers Asset Management, Inc. ("AAM") 8,169 shares of Common Stock that FB Financial Corporation ("FB Financial") paid him as compensation for services rendered to FB Financial. AAM then issued 8,169 Restricted Stock Units ("RSUs") to certain AAM employees (each, a "Grantee" and, collectively, the "Grantees") as additional compensation for services rendered and to be rendered by such Grantees to AAM. The 8,169 RSUs that were awarded to Grantees are convertible on a one-for-one basis into a corresponding number of shares of Common Stock of FB Financial.
F2	On January 31, 2022, all of the outstanding RSUs vested in the Grantees pursuant to the grant of RSUs described in the Forms 4 referenced in footnote 1 of this Form 4. As a result of the vesting, the reporting person, being a Grantee, received 2,211 shares of Common Stock of FB Financial for the reporting person's services rendered to AAM. For more information regarding the issuance and vesting provisions of these RSUs, please see the Forms 4 previously filed with the SEC on October 2, 2018 and July 3, 2018 by Mr. James W. Ayers.

Content

As reported in Forms 4 filed by Mr. James W. Ayers with the Securities and Exchange Commission on November 30, 2017, January 4, 2018 April 3, 2018, and July 3, 2018, Mr. James W. Ayers, for no consideration, previously transferred to Ayers Asset Management, Inc. ("AAM") 8,169 shares of Common Stock that FB Financial Corporation ("FB Financial") paid him as compensation for services rendered to FB Financial. AAM then issued 8,169 Restricted Stock Units ("RSUs") to certain AAM employees (each, a "Grantee" and, collectively, the "Grantees") as additional compensation for services rendered and to be rendered by such Grantees to AAM. The 8,169 RSUs that were awarded to Grantees are convertible on a one-for-one basis into a corresponding number of shares of Common Stock of FB Financial.

On January 31, 2022, all of the outstanding RSUs vested in the Grantees pursuant to the grant of RSUs described in the Forms 4 referenced in footnote 1 of this Form 4. As a result of the vesting, the reporting person, being a Grantee, received 2,211 shares of Common Stock of FB Financial for the reporting person's services rendered to AAM. For more information regarding the issuance and vesting provisions of these RSUs, please see the Forms 4 previously filed with the SEC on October 2, 2018 and July 3, 2018 by Mr. James W. Ayers.

Remarks:

Exhibit 24 - Power of Attorney