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SSB Form 144 Filing: Insider Sale of 5,000 Common Shares via Morgan Stanley

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Form 144 notice for SouthState Corporation (SSB) reports a proposed sale of 5,000 common shares through Morgan Stanley Smith Barney LLC on the NYSE, with an aggregate market value of $497,982 and 101,208,988 shares outstanding. The filing lists prior acquisitions of the securities from the issuer as performance shares and restricted stock between 01/01/2022 and 12/31/2024, totaling the reported lots. No securities were sold in the past three months per the filing. The filer certifies no undisclosed material adverse information and provides the required representations for Rule 144 compliance.

Positive

  • Public disclosure of proposed sale through an established broker (Morgan Stanley Smith Barney LLC) enhances transparency
  • Acquisitions are documented as performance shares and restricted stock, supporting compliance with Rule 144 provenance requirements
  • No sales in past three months reported, which may indicate the seller has not been actively disposing of holdings recently

Negative

  • Insider sale reported, which some investors may view negatively despite being small relative to shares outstanding

Insights

TL;DR: Small proposed insider sale equal to roughly 0.0049% of the outstanding shares; appears routine and compliance-focused.

The filing shows a single proposed sale of 5,000 common shares with an aggregate market value of $497,982, to be executed via Morgan Stanley Smith Barney on 08/22/2025. The securities were acquired in the form of performance shares and restricted stock from the issuer across 2022–2024. The notice includes the required certification that no material non-public information is known to the seller. Given the size relative to shares outstanding, the transaction appears immaterial to market capitalization but is material disclosure for insider trading transparency.

TL;DR: Form 144 is a standard Rule 144 disclosure; documentation of award origins supports compliance; no recent sales reported.

The submission documents the provenance of the shares (performance shares and restricted stock) and dates of acquisition, which aligns with Rule 144 requirements to show holding origin and payment terms. The form states there were no sales in the prior three months and contains the standard representation regarding material adverse information and 10b5-1 plan language. From a governance perspective, the filing meets routine disclosure expectations and preserves market transparency.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What does the Form 144 for SouthState Corporation (SSB) report?

It reports a proposed sale of 5,000 common shares via Morgan Stanley Smith Barney LLC on the NYSE with an aggregate market value of $497,982.

When is the approximate date of the proposed sale?

The filing lists 08/22/2025 as the approximate date of sale.

How many shares outstanding does the filing show for SSB?

101,208,988 shares outstanding are reported in the filing.

What types of awards were the shares acquired as?

Performance shares and restricted stock granted by the issuer between 01/01/2022 and 12/31/2024.

Were any securities sold by the filer in the past three months?

No. The filing states "Nothing to Report" for securities sold during the past three months.

Does the filer certify possession of material non-public information?

The filer represents they do not know any material adverse information about the issuer that has not been publicly disclosed.
SouthState Bank

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