Lynn J. Joyce - 30 Jun 2025 Form 4 Insider Report for Southern States Bancshares, Inc. (SSBK)

Reporting relationship: Chief Financial Officer
Issuer ticker: SSBK
Reported as of: 30 Jun 2025
Net transaction value: -$153,084
SEC form: 4
Accepted by SEC: 01 Jul 2025, 10:07:57 UTC
Prior SEC filing: 23 Jun 2025
Next SEC filing: 27 Feb 2026
Source filing: View source filing
Reporting owner signature: /s/ Lynn J. Joyce, by Jeff Shanks as Attorney-in-Fact

Key filing fact

Lynn J. Joyce filed Form 4 for Southern States Bancshares, Inc. (SSBK) on 01 Jul 2025.

Key facts

This page summarizes Lynn J. Joyce's Form 4 filing for Southern States Bancshares, Inc. (SSBK).
5 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 01 Jul 2025, 10:07.

Change

Previous filing in this sequence was filed on 23 Jun 2025.
Current net transaction value: -$153,084.

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

Reporting Owners (1)

CIK 0001249158 Primary reporting owner

JOYCE LYNN J

Relationship: Chief Financial Officer
Address: 615 QUINTARD AVE, ANNISTON
Signature: /s/ Lynn J. Joyce, by Jeff Shanks as Attorney-in-Fact
Signature date: 01 Jul 2025

Reported non-derivative transactions

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

SSBK transaction

Common Stock, par value $5.00 per share

Tax liability

Transaction value: $153,084
Shares: -4,467
Change %: -5.6%
Price: $34.27
Shares after: 75,012
Date: 30 Jun 2025
Ownership: Direct

SSBK transaction

Common Stock, par value $5.00 per share

Disposed to Issuer

Transaction value
Shares: -75,012
Change %: -100%
Price
Shares after: 0
Date: 01 Jul 2025
Ownership: Direct
Footnotes: F1

Reported derivative securities

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

SSBK transaction Derivative

STOCK OPTIONS (RIGHT TO BUY)

Disposed to Issuer

Transaction value
Shares: -2,120
Change %: -100%
Price
Shares after: 0
Date: 01 Jul 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,120
Exercise price: $30.23
Footnotes: F2

SSBK transaction Derivative

STOCK OPTIONS (RIGHT TO BUY)

Disposed to Issuer

Transaction value
Shares: -2,602
Change %: -100%
Price
Shares after: 0
Date: 01 Jul 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,602
Exercise price: $26.42
Footnotes: F2

SSBK transaction Derivative

STOCK OPTIONS (RIGHT TO BUY)

Disposed to Issuer

Transaction value
Shares: -2,076
Change %: -100%
Price
Shares after: 0
Date: 01 Jul 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 2,076
Exercise price: $33.14
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Lynn J. Joyce is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 2 footnotes

Footnote F1

Disposed of in connection with the merger of Southern States Bancshares, Inc. (SSBK) with and into FB Financial Corp. (FBK) effective July 1, 2025 (the Merger). At the effective time of the Merger (the Effective Time), each outstanding share of SSBK's common stock, restricted stock and restricted stock unit converted into the right to receive 0.8 share of FBK's common stock, with cash payable in lieu of fractional shares. On June 30, 2025, the last trading day before the Effective Time, the closing price of FBK's stock was $45.30 per share.

Footnote F2

At the Effective Time and in connection with Merger, each outstanding option was cancelled and exchanged into the right to receive a cash payment equal to the product of (a) the difference, if positive, between (i) the Per Share Cash Equivalent Consideration (as defined in the agreement relating to Merger) and (ii) the exercise price of the option immediately prior to the Effective Time, multiplied by (b) the number of shares SSBK common stock underlying option, rounded up to the nearest cent.