Form 4: Southern States Bancshares Director Sells Shares
SEC Form 4 Filing
Director Brent O. Hitson sold 5,747 shares of Southern States Bancshares (SSBK) at an average price of $33.22 on July 26, 2024.
Summary
- On July 26, 2024, Brent O. Hitson, a director of Southern States Bancshares, Inc. (SSBK), sold 5,747 shares of common stock.
- The sale was executed at a weighted average price of $33.22 per share.
- The price ranged from $33.00 to $34.30.
- Following the transaction, Hitson directly owns 23,753 shares of SSBK.
- The transaction was reported on a Form 4 filing with the SEC.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a director's sale of shares. It doesn't inherently convey positive or negative sentiment, but insider selling can sometimes be perceived negatively by the market.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and are publicly available. They provide transparency into the buying and selling activities of individuals with access to non-public information, but do not necessarily indicate a negative outlook for the company.
Stakeholder Impact
- The sale of shares by a director could have a minor impact on shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 07/26/2024 | Date of transaction: Brent O. Hitson sold shares of Southern States Bancshares, Inc. |
| 07/30/2024 | Date of report: Form 4 filing date. |
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