Form 4: Southern States Bancshares CFO Lynn Joyce Sells 2,000 Shares

Lynn Joyce, CFO of Southern States Bancshares, sold 2,000 shares of common stock at an average price of $32.15 on July 24, 2024.

Summary

• On July 24, 2024, Lynn J. Joyce, the Chief Financial Officer of Southern States Bancshares, Inc. (SSBK), sold 2,000 shares of the company's common stock.
• The shares were sold at a weighted average price of $32.15, with individual transactions ranging from $32.00 to $32.20.
• Following the transaction, Joyce directly owns 44,188 shares of Southern States Bancshares, Inc.
• This total includes 13,318 vested restricted units and 6,658 unvested restricted units that will fully vest by December 31, 2024, as well as 3,267 unvested restricted shares which will incrementally vest annually by 2/21/2027.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by an executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider trading activity. It provides transparency into the transactions of company executives and their holdings in the company's stock.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some investors, potentially leading to a slight decrease in stock price, although this is unlikely to be significant given the relatively small number of shares sold.

Key Dates