Form 4: SFST Director Transfers Shares, No Ownership Change

Southern First Bancshares Director James B. Orders III transferred 83 shares of common stock between accounts, resulting in no change to his total beneficial ownership.

Summary

• James B. Orders III, a Director of Southern First Bancshares Inc. (SFST), reported a transaction on December 12, 2025.
• The transaction involved the transfer of 83 shares of common stock.
• These shares were moved from the reporting person's self-directed IRA to his personal brokerage account.
• This transfer is noted as having no change in the reporting person's total beneficial ownership.
• Following this transaction, James B. Orders III directly owns 54,216 shares and indirectly owns 2,884 shares through an IRA.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 5

Explanation: The filing reports a non-substantive internal transfer of shares by a director, resulting in no change to total beneficial ownership. This is a neutral event.

Future Outlook

NA

Industry Context

This is a routine insider transaction (Form 4) reporting a transfer of shares between accounts by a director. It does not reflect broader industry trends or competitive dynamics.

Stakeholder Impact

• Shareholders: Minimal to no direct impact as the total beneficial ownership of the director remains unchanged, indicating no change in insider conviction or stake.

Key Dates

Recommendation

The filing reports a routine internal transfer of shares by a director, which does not alter their total beneficial ownership. This event is neutral and does not provide new information to warrant a change in investment recommendation.

Keywords

Southern First Bancshares, SFST, Form 4, Insider Transaction, Director, Share Transfer, Beneficial Ownership, 10b5-1 Plan