4/A: SouthState Director Amends Insider Trade Disclosure

Director David R. Brooks filed an amendment to correct the reporting status of a 14,300-share sale of SouthState Bank Corp common stock.

Summary

• Director David R. Brooks sold a total of 14,300 shares of SouthState Bank Corp (SSB) common stock on April 28, 2026.
• The shares were sold at a price of $98.39 per share.
• The sale was split between two trusts: 9,000 shares from the Reece Brooks Trust and 5,300 shares from the Ryan Brooks Trust.
• This filing serves as an amendment to a previously filed Form 4 to correct the erroneous reporting of the transaction as being made under a Rule 10b5-1(c) plan.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing intended to correct a clerical error in a previous disclosure.

Positives

• The filing provides transparency regarding the correction of administrative reporting errors.

Negatives

• The initial filing contained an error regarding the nature of the transaction (Rule 10b5-1 status), necessitating this amendment.

Risks

• Regulatory scrutiny regarding the accuracy of insider trading disclosures.

Future Outlook

No forward-looking guidance or strategic outlook provided in this document.

Industry Context

StockSavvy.ai notes that amendments to insider trading filings are common administrative corrections and generally do not reflect changes in the underlying business strategy or financial health of the institution.

Comparison to Industry Standards

• The disclosure follows standard SEC requirements for reporting insider transactions and subsequent amendments for corrections.

Related Party Transactions

• The transactions were executed by the Reece Brooks Trust and the Ryan Brooks Trust, both associated with Director David R. Brooks.

Stakeholder Impact

• Minimal impact on shareholders as this is a corrective administrative filing regarding past transactions.

Key Dates

Keywords

SouthState Bank Corp, SSB, Insider Trading, Form 4, SEC Filing, Director Transaction