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Southern First (SFST) director awarded 310 restricted stock units vesting 2027

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

McClatchey William M. JR reported acquisition or exercise transactions in this Form 4 filing.

Southern First Bancshares director William M. McClatchey Jr. received a grant of 310 shares of Common Stock as a compensation award. The grant is in the form of restricted stock units that will fully vest on June 1, 2027. The award was priced at $0.00 per share, reflecting that it is a non-cash equity grant rather than a market purchase. Following this grant, McClatchey directly holds 795 shares of Southern First Bancshares common stock. This filing reflects routine director compensation and does not involve any open-market buying or selling activity.

Positive

  • None.

Negative

  • None.

Insights

Small, routine director RSU grant with limited signal.

Director William M. McClatchey Jr. received 310 restricted stock units of Southern First Bancshares Common Stock, vesting on June 1, 2027. The grant price is $0.00 per share, indicating a standard equity compensation award.

This is a non-market transaction classified as a grant or award, not an open-market purchase or sale. After the award, McClatchey holds 795 shares directly, so the grant is modest in absolute size and appears routine for a bank director.

The filing shows no derivative exercises, no sales, and no 10b5-1 trading plan references. Overall, it simply updates the director’s equity-based compensation position; broader implications for shareholders are minimal based on this information alone.

Insider McClatchey William M. JR
Role Director
Type Security Shares Price Value
Grant/Award Common Stock 310 $0.00 $0.00
Holdings After Transaction: Common Stock — 795 shares (Direct)
Footnotes (1)
  1. F1. Represents grant of restricted stock units which will fully vest on June 1, 2027.
RSU grant size 310 shares Restricted stock units granted to director on June 1, 2026
Grant price $0.00 per share Equity compensation award, non-cash
Post-grant holdings 795 shares Total Common Stock directly held after transaction
Vesting date June 1, 2027 Restricted stock units fully vest on this date
restricted stock units financial
"Represents grant of restricted stock units which will fully vest on June 1, 2027."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What insider transaction did Southern First (SFST) report for William M. McClatchey Jr.?
Southern First reported that director William M. McClatchey Jr. received 310 shares of Common Stock as a grant. These are restricted stock units that vest in 2027, reflecting routine equity compensation rather than an open-market stock purchase or sale.

How many SFST shares did William M. McClatchey Jr. acquire in this Form 4 filing?
William M. McClatchey Jr. acquired 310 shares of Southern First Bancshares Common Stock. The shares were granted as restricted stock units with no cash paid per share, representing a compensation award instead of a typical market transaction.

When do William M. McClatchey Jr.’s new restricted stock units in SFST fully vest?
The restricted stock units granted to William M. McClatchey Jr. will fully vest on June 1, 2027. Until that vesting date, the award remains subject to the company’s vesting conditions as part of his director compensation package.

What is William M. McClatchey Jr.’s SFST shareholding after this grant?
After the grant, William M. McClatchey Jr. directly holds 795 shares of Southern First Bancshares Common Stock. This updated total reflects the addition of 310 granted restricted stock units reported in the latest Form 4 filing.

Was cash paid for the SFST shares granted to William M. McClatchey Jr.?
No cash was paid for these shares; the transaction price is listed as $0.00 per share. This indicates the shares were awarded as restricted stock units under a compensation program, not purchased on the open market.
SEC Form 4
FORM 4UNITED 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*
McClatchey William M. JR
(Last)(First)(Middle)
6 VERDAE BOULEVARD
(Street)
GREENVILLE SOUTH CAROLINA 29607
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
SOUTHERN FIRST BANCSHARES INC [ SFST ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock06/01/2026A310(1)A$0795D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents grant of restricted stock units which will fully vest on June 1, 2027.
William M. McClatchey, Jr /s/Julie A. Fairchild, POA06/02/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR