Southern First Bancshares (SFST) CEO sells 21,000 shares after exercising options
Rhea-AI Filing Summary
Southern First Bancshares Chief Executive Officer R. Arthur Seaver Jr. reported multiple equity transactions on August 12, 2026. He exercised stock options covering 10,429 shares of common stock at exercise prices between $32.32 and $42.80 per share, from grants that vest equally over four years. On the same date, he sold 21,000 shares of common stock at prices between $63.00 and $64.00 per share.
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Insights
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Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
13 txns
Insider
SEAVER R ARTHUR JR
Role
Chief Executive Officer
Sold
21,000 shs ($1.34M)
Approx. gross sale proceeds
$1.34M
Approx. exercise cost
$411K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (Right to Buy) F1 | 2,903 | $0.00 | $0.00 |
| Exercise | Stock Options (Right to Buy) F1 | 2,827 | $0.00 | $0.00 |
| Exercise | Stock Options (Right to Buy) F1 | 2,254 | $0.00 | $0.00 |
| Exercise | Stock Options (Right to Buy) F2 | 2,445 | $0.00 | $0.00 |
| Sale | Common Stock | 5,000 | $63.00 | $315K |
| Sale | Common Stock | 5,000 | $63.50 | $318K |
| Sale | Common Stock | 6,000 | $64.00 | $384K |
| Sale | Common Stock | 500 | $64.00 | $32K |
| Sale | Common Stock | 4,500 | $63.75 | $287K |
| Exercise | Common Stock | 2,903 | $39.45 | $115K |
| Exercise | Common Stock | 2,827 | $42.72 | $121K |
| Exercise | Common Stock | 2,254 | $42.80 | $96K |
| Exercise | Common Stock | 2,445 | $32.32 | $79K |
Holdings After Transaction:
Stock Options (Right to Buy) — 28,571 shares (Direct);
Common Stock — 92,026 shares (Direct)
Footnotes (2)
- F1. Stock options vest equally over four years.
- F2. Stock Options vest equally over four years.
Key Figures
Shares sold: 21,000 shares
Sale prices: $63.00–$64.00 per share
Options exercised: 10,429 shares
+2 more
5 metrics
Shares sold
21,000 shares
Total common shares sold by the CEO on 2026-08-12
Sale prices
$63.00–$64.00 per share
Per-share prices for reported common stock sales
Options exercised
10,429 shares
Total underlying common shares from option exercises on 2026-08-12
Option exercise prices
$32.32, $39.45, $42.72, $42.80
Per-share exercise prices of stock options converted to common stock
Vesting schedule
4 years
Stock options vest equally over four years per footnotes
Key Terms
Stock Options (Right to Buy), derivative security, exercise price, vest equally over four years
4 terms
Stock Options (Right to Buy) financial
"security_title: Stock Options (Right to Buy)"
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
exercise price financial
"conversion_or_exercise_price: 39.4500"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vest equally over four years financial
"Stock options vest equally over four years."
FAQ
What did the SFST CEO report in this Form 4 transaction?
The SFST CEO, R. Arthur Seaver Jr., reported exercising stock options for 10,429 shares and selling 21,000 shares of Southern First Bancshares common stock on August 12, 2026.
How many stock options did the SFST CEO exercise in this filing?
The CEO exercised stock options covering 10,429 shares of Southern First Bancshares common stock. The underlying option grants had exercise prices ranging from $32.32 to $42.80 per share.
What were the exercise prices of the SFST options exercised by the CEO?
The exercised stock options carried exercise prices of $32.32, $39.45, $42.72, and $42.80 per share. Each option award relates to common stock and vests equally over four years.
Do the SFST CEO’s stock options mentioned in the Form 4 have a vesting schedule?
Yes. Footnotes state that the reported stock options vest equally over four years. This vesting description applies to the option grants associated with the derivative transactions reported in the Form 4.
AI-generated analysis. How Rhea-AI works. Not financial advice.
