SouthState Bank Corp (SSB) officer gifts 3,000 shares to charity
Rhea-AI Filing Summary
SouthState Bank Corp Chief Strategy Officer Stephen Dean Young reported a bona fide gift of 3,000 shares of common stock on August 12, 2026. The filing states the gift was made to a charitable organization. Following this disposition, Young directly holds 49,935 shares of SouthState Bank Corp common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 3,000 shares
Net Sell
1 txn
Insider
YOUNG STEPHEN DEAN
Role
Chief Strategy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock F1 | 3,000 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 49,935 shares (Direct)
Footnotes (1)
- F1. Bona fide gift to a charitable organization.
Key Figures
Shares gifted: 3,000 shares
Price per share: $0.00
Shares held after transaction: 49,935 shares
3 metrics
Shares gifted
3,000 shares
Bona fide gift of common stock on August 12, 2026
Price per share
$0.00
Reported value per share for the charitable gift
Shares held after transaction
49,935 shares
Direct ownership of Stephen Dean Young following the gift
Key Terms
bona fide gift, charitable organization, Form 4
3 terms
bona fide gift regulatory
"The transaction code G is described as a bona fide gift."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
charitable organization other
"Footnote states the shares were gifted to a charitable organization."
Form 4 regulatory
"Insider change in ownership is reported on 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 did SouthState Bank Corp (SSB) insider Stephen Dean Young report in this Form 4?
Stephen Dean Young reported a bona fide gift of 3,000 shares of SouthState Bank Corp common stock on August 12, 2026, made to a charitable organization, according to the Form 4 disclosure.
Was the SouthState Bank Corp (SSB) Form 4 transaction a sale or a gift?
The Form 4 transaction was a bona fide gift, not a market sale or purchase. It involved transferring 3,000 shares of SouthState Bank Corp common stock to a charitable organization at a reported price of $0.00 per share.
What role does Stephen Dean Young hold at SouthState Bank Corp (SSB)?
Stephen Dean Young serves as Chief Strategy Officer of SouthState Bank Corp. His Form 4 filing reflects a personal ownership change through a charitable gift of 3,000 common shares while retaining 49,935 shares afterward.
Does the SouthState Bank Corp (SSB) Form 4 indicate trading under a Rule 10b5-1 plan?
The filing’s 10b5-1 checkbox is not marked as an affirmative plan, and the footnote describes the transfer as a bona fide gift to a charitable organization, rather than a trade executed under a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.