Director-linked trusts sell 14,300 SouthState (SSB) shares in plan trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SouthState Bank Corp director David R. Brooks reported indirect open-market sales of a total of 14,300 shares of Common Stock at $98.39 per share. The sales were executed by the Ryan Brooks Trust (5,300 shares, leaving 12,700) and the Reece Brooks Trust (9,000 shares, leaving 21,000) under an existing 10b5 plan, indicating the transactions were pre-planned rather than discretionary.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 14,300 shares ($1,406,977)
Net Sell
2 txns
Insider
Brooks David R
Role
null
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)
Footnotes (1)
- [object Object]
Key Figures
Total shares sold: 14,300 shares
Sale price: $98.39 per share
Ryan Brooks Trust sale: 5,300 shares
+4 more
7 metrics
Total shares sold
14,300 shares
Indirect open-market sales reported on Form 4
Sale price
$98.39 per share
Price for both reported open-market sales
Ryan Brooks Trust sale
5,300 shares
Common Stock sold by Ryan Brooks Trust
Ryan Brooks Trust holdings after
12,700 shares
Indirect holdings after the sale
Reece Brooks Trust sale
9,000 shares
Common Stock sold by Reece Brooks Trust
Reece Brooks Trust holdings after
21,000 shares
Indirect holdings after the sale
Number of sell transactions
2 transactions
Both non-derivative open-market sales on same date
Key Terms
open-market sale, 10b5 plan, Common Stock
3 terms
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.
10b5 plan regulatory
"The sale was executed under an existing 10b5 plan."
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.
FAQ
What insider transactions did SouthState Bank Corp (SSB) report?
SouthState Bank Corp reported insider-related trusts selling 14,300 shares of Common Stock. The Ryan Brooks Trust sold 5,300 shares and the Reece Brooks Trust sold 9,000 shares, all at $98.39 per share in open-market transactions executed under an existing 10b5 plan.
Who is the insider involved in the latest SouthState (SSB) Form 4 filing?
The filing involves director David R. Brooks, who reported indirect ownership transactions. Shares were held and sold by the Ryan Brooks Trust and the Reece Brooks Trust, rather than directly by Brooks, but are attributed to him for reporting under SEC beneficial ownership rules.