What share repurchase plan did SFST announce on August 27, 2026?

Southern First Bancshares, Inc. authorized a share repurchase plan for up to $10.0 million of its common stock, or approximately 2% of shares, with purchases at management’s discretion via open market or privately negotiated transactions, subject to market, business, and regulatory factors.

How may SFST execute share repurchases under the new plan?

Southern First Bancshares may repurchase shares from time to time through open market purchases and solicited or unsolicited privately negotiated transactions. The means, timing, quantity, and prices of repurchases are at management’s discretion, within certain limitations and subject to market and regulatory factors.

When does SFST need new approvals to continue the share repurchase plan?

Southern First Bancshares discloses that repurchases after August 23, 2027 under the share repurchase plan would require additional approval from its Board of Directors and the Federal Reserve.

Southern First okays $10M, 2% share buyback

Q: How large is Southern First Bancshares’ (SFST) new buyback authorization?

The authorization permits repurchases of up to $10.0 million of Southern First Bancshares’ common stock, which the company states is approximately 2% of its outstanding shares. The company is not obligated to repurchase any specific amount under this plan.

Q: Is Southern First Bancshares required to buy back shares under this plan?

No. The company states it is not obligated to repurchase any shares under the plan. The repurchase plan can be discontinued, suspended, or restarted at any time, subject to Board and Federal Reserve approval for repurchases after August 23, 2027.

SOUTHERN FIRST BANCSHARES INC (SFST) reported that its Board of Directors authorized a share repurchase plan for up to $10.0 million of the company’s common stock, described as approximately 2% of outstanding shares.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

SOUTHERN FIRST BANCSHARES INC (SFST) reported that its Board of Directors authorized a share repurchase plan for up to $10.0 million of the company’s common stock, described as approximately 2% of outstanding shares. The company may repurchase shares through open market purchases and solicited or unsolicited privately negotiated transactions at management’s discretion, subject to market conditions, equity plan issuances, and legal and regulatory requirements. The company is not obligated to repurchase any shares, and the plan may be discontinued, suspended, or restarted at any time; repurchases after August 23, 2027 would require additional Board and Federal Reserve approval.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Key Figures

Share repurchase authorization: $10.0 million of common stock Authorized share percentage: approximately 2% of common stock Additional approval date for future repurchases: August 23, 2027

3 metrics

Share repurchase authorization $10.0 million of common stock Maximum aggregate amount authorized under the share repurchase plan

Authorized share percentage approximately 2% of common stock Company’s estimate of shares covered by the $10.0 million repurchase plan

Additional approval date for future repurchases August 23, 2027 Repurchases after this date require additional Board and Federal Reserve approval

Key Terms

share repurchase plan, open market purchases, privately negotiated transactions, capital management

4 terms

open market purchases financial

"may repurchase shares from time to time by means of, among other means, open market purchases"

Open market purchases are buys of a company’s shares (or other securities) made on public exchanges at prevailing market prices rather than through private deals. For investors this matters because when a company buys back its own stock it reduces the number of shares available, which can boost per-share earnings and often signals management’s confidence; it also affects supply, demand and short-term liquidity much like someone quietly buying up items from a crowded marketplace.

privately negotiated transactions financial

"and in solicited and unsolicited privately negotiated transactions"

Privately negotiated transactions are deals made directly between parties without involving a public marketplace or open auction. They are like private sales between two individuals rather than items sold at a busy marketplace open to everyone. For investors, these transactions can offer more tailored terms and privacy, but they may also carry different risks and less transparency compared to public exchanges.

capital management financial

"may, among other things, provide capital management opportunities for the Company"

Capital management is how a company organizes and uses its money and funding sources—cash on hand, borrowing, investor capital, and decisions about paying dividends or buying back stock—to run operations and pursue growth. Like a household deciding how much to save, borrow, or spend, effective capital management keeps the business liquid, controls risk, and shapes future returns, so investors can judge stability, dividend prospects, and the company’s ability to fund growth without undue cost.

FAQ

How large is Southern First Bancshares’ (SFST) new buyback authorization?

The authorization permits repurchases of up to $10.0 million of Southern First Bancshares’ common stock, which the company states is approximately 2% of its outstanding shares. The company is not obligated to repurchase any specific amount under this plan.

Is Southern First Bancshares required to buy back shares under this plan?

No. The company states it is not obligated to repurchase any shares under the plan. The repurchase plan can be discontinued, suspended, or restarted at any time, subject to Board and Federal Reserve approval for repurchases after August 23, 2027.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/28/2026 - 08:45 AM Accepted by SEC EDGAR 08/27/2026 - 05:42 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported) August 27, 2026

Southern First Bancshares, Inc.

(Exact name of registrant as specified in its charter)

South Carolina

(State or other jurisdiction of incorporation)

000-27719	58-2459561
(Commission File Number)	(IRS Employer Identification No.)

6 Verdae Boulevard, Greenville, SC	29607
(Address of principal executive offices)	(Zip Code)

(864) 679-9000

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock	SFST	The Nasdaq Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

ITEM 8.01 Other Events.

The Board of Directors of Southern First Bancshares, Inc. (the “Company”) announced the authorization for the repurchase of up to $10.0 million of the Company’s common stock, or approximately 2%, under a share repurchase plan.

Under the repurchase plan, the Company may repurchase shares from time to time by means of, among other means, open market purchases and in solicited and unsolicited privately negotiated transactions. The actual means and timing of any purchases, quantity of purchased shares and prices will be, subject to certain limitations, at the discretion of management and will depend on a number of factors, including the market price of the Company’s common stock, share issuances under Company equity plans, general market and economic conditions, and applicable legal and regulatory requirements.

The Company’s management believes the repurchase plan, depending upon market and business conditions, may, among other things, provide capital management opportunities for the Company. The Company is not obligated to repurchase any such shares under the repurchase plan. The repurchase plan may be discontinued, suspended or restarted at any time; however, repurchases under the share repurchase plan after August 23, 2027, would require additional Board of Directors and Federal Reserve approval.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	SOUTHERN FIRST BANCSHARES, INC.

	By:	/s/ Christian J. Zych
	Name:	Christian J. Zych
	Title:	Chief Financial Officer

August 27, 2026

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

3 documents