SouthState Bank (NASDAQ: SSB) director trusts sell 14,300 shares outside 10b5-1 plan

Rhea-AI Filing Summary

SouthState Bank Corp director David R. Brooks filed an amended Form 4 correcting the characterization of recent stock sales. The filing states that two open-market sales of Common Stock on April 28, 2026 were not made under a Rule 10b5-1 trading plan, reversing the earlier disclosure.

The transactions involved indirect holdings through family trusts: the Ryan Brooks Trust sold 5,300 shares at $98.39 per share, and the Reece Brooks Trust sold 9,000 shares at the same price. After these trades, the Ryan Brooks Trust held 12,700 shares and the Reece Brooks Trust held 21,000 shares, all reported as indirect ownership for Brooks.

Insights

Equity analyst

Director-linked trusts reported discretionary open-market sales and corrected a prior 10b5-1 plan disclosure.

The amended filing shows two open-market sales of SouthState Bank Corp Common Stock on April 28, 2026, totaling 14,300 shares. These were executed by the Ryan Brooks Trust and the Reece Brooks Trust, both reported as indirect holdings for director David R. Brooks.

The key change is that these trades are now explicitly described as not made pursuant to a Rule 10b5-1 plan, meaning they were not pre-programmed under such a plan. Brooks continues to report indirect ownership of 12,700 shares in the Ryan Brooks Trust and 21,000 shares in the Reece Brooks Trust following the transactions.

Insider Trade Summary

Net Seller: 14,300 shares

Net Sell 2 txns

Insider Brooks David R

Role Director

Sold 14,300 shs ($1.41M)

Type	Security	Shares	Price	Value
Sale	Common Stock	9,000	$98.39	$886K
Sale	Common Stock	5,300	$98.39	$521K

Holdings After Transaction: Common Stock — 21,000 shares (Indirect, By Reece Brooks Trust); Common Stock — 12,700 shares (Indirect, By Ryan Brooks Trust)

Footnotes (1)

1. F1. This Amendment to Form 4 is being filed to amend the Form 4 filed on April 29, 2026. The transactions executed on April 28, 2026 were erroneously reported as being made pursuant to a Rule 10b5-1(c) plan. This amendment is being filed to reflect that the transactions were not made pursuant to a Rule 10b5-1 plan.

Key Figures

Total shares sold: 14,300 shares Sale price: $98.39 per share Ryan Brooks Trust post-sale holding: 12,700 shares +2 more

5 metrics

Total shares sold 14,300 shares Open-market sales on April 28, 2026 by Brooks-related trusts

Sale price $98.39 per share Price for both trust sales of SouthState Bank Corp Common Stock

Ryan Brooks Trust post-sale holding 12,700 shares Indirect ownership position following April 28, 2026 transaction

Reece Brooks Trust post-sale holding 21,000 shares Indirect ownership position following April 28, 2026 transaction

Sell transactions count 2 transactions Non-derivative open-market sales reported in amended Form 4

Key Terms

Rule 10b5-1(c) plan, open-market sale, indirect ownership, Common Stock, +1 more

5 terms

Rule 10b5-1(c) plan regulatory

"were erroneously reported as being made pursuant to a Rule 10b5-1(c) plan"

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

indirect ownership financial

"ownership_type": "indirect""

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.

Form 4 regulatory

"This Amendment to Form 4 is being filed to amend the Form 4"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

FAQ

What insider transaction did SouthState Bank Corp (SSB) report in this amended Form 4?

SouthState Bank Corp reported that director David R. Brooks had two indirect open-market sales of Common Stock on April 28, 2026, totaling 14,300 shares. The sales were executed by the Ryan Brooks Trust and the Reece Brooks Trust at a price of $98.39 per share.

Why was the SouthState Bank Corp (SSB) Form 4 amended for David R. Brooks?

The Form 4 was amended to correct how the April 28, 2026 transactions were described. The original filing erroneously stated that the stock sales were under a Rule 10b5-1(c) trading plan. The amendment clarifies that the transactions were not made pursuant to any Rule 10b5-1 plan.

How many SouthState Bank Corp (SSB) shares did the Brooks-related trusts sell?

The Ryan Brooks Trust sold 5,300 shares of SouthState Bank Corp Common Stock, and the Reece Brooks Trust sold 9,000 shares. Together, the trusts disposed of 14,300 shares in open-market sales reported as indirect transactions for director David R. Brooks.

What price did the Brooks trusts receive for SouthState Bank Corp (SSB) shares sold?

Both the Ryan Brooks Trust and the Reece Brooks Trust sold their SouthState Bank Corp Common Stock at $98.39 per share. This uniform sale price applied to the 5,300 shares sold by the Ryan Brooks Trust and the 9,000 shares sold by the Reece Brooks Trust.

How many SouthState Bank Corp (SSB) shares do the Brooks-related trusts hold after the sales?

After the April 28, 2026 sales, the Ryan Brooks Trust holds 12,700 shares of SouthState Bank Corp Common Stock, while the Reece Brooks Trust holds 21,000 shares. Both positions are reported as indirect ownership for director David R. Brooks in the amended Form 4.

Are David R. Brooks’ SouthState Bank Corp (SSB) transactions part of a Rule 10b5-1 trading plan?

No. The amended Form 4 explicitly states that the April 28, 2026 stock sales were erroneously reported as pursuant to a Rule 10b5-1(c) plan. It clarifies that these transactions were not executed under any Rule 10b5-1 trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 04/30/2026 - 05:21 PM Learn about SEC filing dates

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^*

Brooks David R

(Last) (First) (Middle)

1101 FIRST STREET SOUTH, SUITE 202

(Street)

WINTER HAVEN FLORIDA 33880

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SouthState Bank Corp [ SSB ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/28/2026

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

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

4. If Amendment, Date of Original Filed (Month/Day/Year)
04/29/2026

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	04/28/2026	04/28/2026	S		9,000(1)	D	$98.39	21,000	I	By Reece Brooks Trust
Common Stock	04/28/2026	04/28/2026	S		5,300(1)	D	$98.39	12,700	I	By Ryan Brooks Trust

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. This Amendment to Form 4 is being filed to amend the Form 4 filed on April 29, 2026. The transactions executed on April 28, 2026 were erroneously reported as being made pursuant to a Rule 10b5-1(c) plan. This amendment is being filed to reflect that the transactions were not made pursuant to a Rule 10b5-1 plan.

Remarks:

	William E. Matthews, V, CFO, pursuant to power of attorney	04/30/2026
	** 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.
* Form 4: SEC 1474 (03-26)