Form 4: Southern First Bancshares Director Cubbage Sells Shares in Multiple Transactions
SEC Form 4
Director Leighton M. Cubbage of Southern First Bancshares Inc. reports selling a total of 2,597 shares of common stock across four transactions on May 9th and 10th, 2024.
Summary
- Leighton M. Cubbage, a director of Southern First Bancshares Inc., has reported the sale of company stock.
- On May 9, 2024, Cubbage sold 780 shares of common stock at a price of $27.50 per share.
- On May 10, 2024, Cubbage executed three separate sales: 812 shares at $27.50, 11 shares at $27.67, and 894 shares at $27.7097.
- Following these transactions, Cubbage directly owns 64,435 shares of Southern First Bancshares Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock sales by a company director. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the trading activities of company directors.
Stakeholder Impact
- Shareholders may interpret the stock sale as a lack of confidence by the director, although it could be for personal financial reasons.
Key Dates
| Date | Description |
|---|---|
| 05/09/2024 | Cubbage sold 780 shares of common stock at $27.50 per share. |
| 05/10/2024 | Cubbage sold 812 shares at $27.50, 11 shares at $27.67, and 894 shares at $27.7097. |
| 05/13/2024 | Date of signature for the report. |
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