Bank Director Reduces Stake: Southern First's Cubbage Maintains 51K+ Share Position

Rhea-AI Filing Summary

Director Leighton M. Cubbage of Southern First Bancshares has reported a significant insider transaction on June 23, 2025. The Form 4 filing reveals that Cubbage sold 1,083 shares of common stock at a price of $35.72 per share, resulting in a transaction value of approximately $38,685.

Following this disposition, Cubbage continues to hold 51,205 shares directly. This transaction represents a relatively small reduction in the director's overall position in the company, maintaining substantial skin in the game.

Key transaction details:

• Transaction Type: Sale (S)
• Ownership Type: Direct (D)
• Filing Date: June 28, 2025
• No derivative securities were involved in this transaction

Insider Trade Summary

Net Seller: 1,083 shares ($38,685)

Net Sell 1 txn

Insider CUBBAGE LEIGHTON M

Role Director

Sold 1,083 shs ($39K)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,083	$35.72	$39K

Holdings After Transaction: Common Stock — 51,205 shares (Direct)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

CUBBAGE LEIGHTON M

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2025

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	06/23/2025		S		1,083	D	$35.72	51,205	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:

	Leighton M. Cubbage /s/Julie A. Fairchild, POA	06/25/2025
	** 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

How many shares of SFST stock did Director Leighton Cubbage sell on June 23, 2025?

Director Leighton M. Cubbage sold 1,083 shares of SFST common stock on June 23, 2025, at a price of $35.72 per share.

What is Leighton Cubbage's remaining SFST stock position after the June 2025 sale?

Following the reported transaction, Leighton Cubbage directly owns 51,205 shares of Southern First Bancshares (SFST) common stock.

What was the sale price of SFST shares in Director Cubbage's June 2025 transaction?

The shares were sold at a price of $35.72 per share in the June 23, 2025 transaction.

What type of ownership does Leighton Cubbage have in his SFST shares?

Leighton Cubbage holds his 51,205 shares of SFST stock through direct ownership (D), with no indirect holdings reported in this Form 4 filing.

Did SFST Director Cubbage acquire or dispose of any derivative securities in June 2025?

No, the Form 4 filing shows no transactions involving derivative securities (such as options or warrants) for Director Cubbage during this reporting period.