Form 4: SouthState Bank Director Gifts Shares to Family Foundation

SouthState Bank Corp Director David R. Brooks reported gifting 13,800 shares of common stock to his Family Foundation.

Summary

• David R. Brooks, a Director of SouthState Bank Corp (SSB), reported changes in his beneficial ownership.
• On December 9, 2025, Mr. Brooks disposed of 13,800 shares of common stock as a bona fide gift to a charitable organization.
• Concurrently, 13,800 shares of common stock were acquired indirectly by his Family Foundation, also a charitable organization, at a price of $0.00 per share.
• Following these transactions, Mr. Brooks directly owns 7,943 shares and indirectly owns 13,800 shares through his Family Foundation.

Sentiment

Score: 6

Explanation: The transaction is a routine insider disclosure of a charitable gift. While it reduces direct ownership, the shares are transferred to a family foundation, maintaining an indirect interest. It's neutral to slightly positive due to the philanthropic nature, but not materially impactful on company operations or valuation.

Positives

• The transaction represents a charitable contribution, which can reflect positively on the director's philanthropic activities.
• The shares remain within a related entity (Family Foundation), indicating continued alignment of interests, albeit indirectly.

Negatives

• Direct beneficial ownership of the reporting person decreased by 13,800 shares.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, common across all publicly traded companies, and does not inherently reflect broader industry trends in banking or financial services. It primarily concerns individual director's shareholdings.

Related Party Transactions

• David R. Brooks, a Director, gifted shares to his Family Foundation, which is considered a related party.

Stakeholder Impact

• Shareholders: No direct operational or financial impact on the company. The transaction is a change in beneficial ownership by a director.
• Charitable Organization: The Family Foundation benefits from the gifted shares.

Key Dates

Keywords

SouthState Bank Corp, SSB, David R. Brooks, Director, Insider Transaction, Form 4, Beneficial Ownership, Charitable Gift, Family Foundation, Common Stock