Form 4: Southern States Bancshares Director Jay F. Pumroy Sells Shares

Director Jay F. Pumroy of Southern States Bancshares, Inc. sold 2,995 shares of common stock at an average price of $32.13 on August 26, 2024.

Summary

• On August 26, 2024, Jay F. Pumroy, a director of Southern States Bancshares, Inc., sold 2,995 shares of the company's common stock.
• The sale was executed at a weighted average price of $32.13 per share, with individual transactions ranging from $32.00 to $32.38.
• Following the transaction, Pumroy directly owns 100,774 shares of Southern States Bancshares, Inc.
• Pumroy also holds 100 shares each as custodian for his grandson and granddaughter, but disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a stock sale by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.

Industry Context

Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. The sale itself doesn't necessarily indicate a negative outlook for the company, but it is a data point investors may consider.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, potentially leading to a slight decrease in stock price, although the impact is likely to be minimal given the relatively small number of shares sold.

Key Dates