Mason Y. Garrett - 06 Dec 2022 Form 4 Insider Report for GRANDSOUTH BANCORPORATION

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
06 Dec 2022, 16:33:54 UTC
Prior SEC filing
22 Jul 2022
Next SEC filing
11 Jan 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Nelson Mullins Riley & Scarborough LLP as POA for Mason Y. Garrett

Key filing fact

Mason Y. Garrett filed Form 4 for GRANDSOUTH BANCORPORATION on 06 Dec 2022.

Key facts

  • This page summarizes Mason Y. Garrett's Form 4 filing for GRANDSOUTH BANCORPORATION.
  • 2 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 06 Dec 2022, 16:33.

Change

  • Previous filing in this sequence was filed on 22 Jul 2022.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

GRRB transaction

Common Stock

Other

Transaction value
$0
Shares
-2,223
Change %
-100%
Price
$0.000000*
Shares after
0
Date
06 Dec 2022
Ownership
Transfer to Child
Footnotes
F1
GRRB transaction

Common Stock

Other

Transaction value
$0
Shares
-61,492
Change %
-100%
Price
$0.000000*
Shares after
0
Date
06 Dec 2022
Ownership
Transfer to Brother
Footnotes
F2
GRRB holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
348,255
Date
06 Dec 2022
Ownership
Direct
GRRB holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
13,336
Date
06 Dec 2022
Ownership
By Self as Custodian for Grandchildren
GRRB holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
174,663
Date
06 Dec 2022
Ownership
By Spouse
GRRB holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
61,492
Date
06 Dec 2022
Ownership
By BMPBC, LLC Partnership
GRRB holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
300,000
Date
06 Dec 2022
Ownership
By Mason Y. Garrett Family, LP

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

GRRB holding Derivative

Preferred Stock - Series A

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
9,204
Date
06 Dec 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
9,204
Exercise price
Footnotes
F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Includes 2,223 shares formerly held by Mr. M. Garrett as custodian for his step-daughter. These shares were transferred to his step-daughter, who does not share his household.

Footnote F2

Includes 61,492 shares held by Mr. M. Garrett as custodian for his brother. These shares were transferred to his brother, who does not share his household.

Footnote F3

The Series A Preferred Stock is convertible upon a Change of Control as defined in the Articles of Amendment designating the Series A Preferred into a number of shares of the issuers common stock on a one for one basis and has no expiration date.

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