Southern First (NASDAQ: SFST) President gets RSU grant, withholds shares for taxes

Rhea-AI Filing Summary

Southern First Bancshares President Calvin C. Hurst reported equity compensation and related tax withholding transactions in company stock. On 02/01/2026, he received 4,500 shares of common stock as a grant of restricted stock units at a stated price of $0, which vest equally over four years. On the same date, 1,109 shares of common stock were withheld at $54.94 per share to satisfy tax withholding obligations tied to vesting of restricted stock units and awards. After these transactions, he directly beneficially owned 18,383 shares of Southern First Bancshares common stock.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Hurst Calvin C

(Last) (First) (Middle)

P.O. BOX 17465

(Street)

GREENVILLE SC 29606

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SOUTHERN FIRST BANCSHARES INC [ SFST ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

3. Date of Earliest Transaction (Month/Day/Year)
02/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/01/2026		A		4,500(1)	A	$0	19,492	D
Common Stock	02/01/2026		F		1,109(2)	D	$54.94	18,383	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents grant of restricted stock units. The restricted stock vests equally over four years.

2. Reflects shares of Issuer's common stock withheld to satisfy tax withholding obligations upon vesting of restricted stock units and awards.

	Calvin C. Hurst /s/Julie A. Fairchild, POA	02/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did SFST President Calvin C. Hurst report on February 1, 2026?

Calvin C. Hurst reported receiving 4,500 shares of Southern First Bancshares common stock as a restricted stock unit grant, and 1,109 shares were withheld to cover tax obligations. These transactions adjusted, but did not eliminate, his direct ownership position in the company.

How many Southern First Bancshares (SFST) shares does Calvin C. Hurst now directly own?

Following the February 1, 2026 transactions, Calvin C. Hurst directly beneficially owns 18,383 shares of Southern First Bancshares common stock. This figure reflects the 4,500-share restricted stock grant and the 1,109 shares withheld for tax purposes on vesting-related activity.

What is the nature of the 4,500 SFST shares granted to Calvin C. Hurst?

The 4,500 shares represent a grant of restricted stock units that vest equally over four years. Although recorded at a price of $0 per share, they are a form of equity compensation tied to continued service and vesting conditions at Southern First Bancshares.

Why were 1,109 Southern First Bancshares shares withheld in Calvin C. Hurst’s Form 4?

The 1,109 shares of Southern First Bancshares common stock were withheld at $54.94 per share to satisfy tax withholding obligations. These obligations arose in connection with the vesting of restricted stock units and other stock awards previously granted to Calvin C. Hurst.

Are Calvin C. Hurst’s reported SFST transactions open-market stock sales or purchases?

The reported transactions are not open-market trades. One entry reflects a grant of 4,500 restricted stock units, while the other reflects 1,109 shares withheld by the issuer at $54.94 solely to cover tax withholding obligations tied to vesting equity awards.

How do the reported restricted stock units for SFST’s President vest over time?

The reported 4,500 restricted stock units granted to the Southern First Bancshares President vest in equal installments over four years. This means the award converts into vested common shares gradually, aligning compensation with longer-term service and performance at the company.