Form 4: SouthState Director David Brooks Transfers Shares to Family Trust

SouthState Corp Director David Brooks reported a transfer of 32,100 common shares from direct to indirect ownership via a family trust, effective July 29, 2025.

Summary

• Director David R. Brooks transferred 32,100 shares of SouthState Corp (SSB) common stock.
• The transaction occurred on July 29, 2025, with a price of $0.00 per share.
• This transfer resulted in a decrease of 32,100 shares in direct beneficial ownership and a corresponding increase of 32,100 shares in indirect beneficial ownership.
• The shares were transferred to a family trust, changing the form of ownership from direct to indirect.
• Following the transaction, Mr. Brooks directly owns 20,607 shares and indirectly owns 359,686 shares through the Natur Family Limited Partnership.

Sentiment

Score: 5

Explanation: The filing is a neutral disclosure of an insider's change in beneficial ownership, reflecting a personal financial planning decision rather than a corporate operational or financial event.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of an insider's change in beneficial ownership and does not provide broader industry context or trends.

Related Party Transactions

• The transfer of shares to a family trust (Natur Family Limited Partnership) can be considered a related party transaction as it involves an entity controlled by the reporting person's family.

Stakeholder Impact

• Minimal direct impact on shareholders as the total beneficial ownership of the director remains unchanged, only the form of ownership has shifted.
• No direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

SouthState Corp, SSB, Form 4, Insider Transaction, Beneficial Ownership, Director, Share Transfer, Family Trust, Equity