SouthState Bank Corp (SSB) director’s entities sell 24,650 shares under 10b5 plan
Rhea-AI Filing Summary
SouthState Bank Corp director David R. Brooks reported the sale of 24,650 shares of common stock on 2026-08-05 at 110.0000 per share. All transactions were through indirect entities: Natur Family Limited Partnership, two Brooks family trusts, and a family foundation, which now hold 341,686, 22,900, 7,900, and 10,050 shares respectively. A footnote states the sales were executed under an existing 10b5 plan, indicating they were made pursuant to a pre-arranged trading plan.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 24,650 shares
Net Sell
4 txns
Insider
Brooks David R
Role
Director
Sold
24,650 shs ($2.71M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 18,000 | $110.00 | $1.98M |
| Sale | Common Stock F1 | 1,800 | $110.00 | $198K |
| Sale | Common Stock F1 | 1,100 | $110.00 | $121K |
| Sale | Common Stock F1 | 3,750 | $110.00 | $413K |
Holdings After Transaction:
Common Stock — 341,686 shares (Indirect, By Natur Family Limited Partnership);
Common Stock — 22,900 shares (Indirect, By Reece Brooks Trust);
Common Stock — 7,900 shares (Indirect, By Ryan Brooks Trust);
Common Stock — 10,050 shares (Indirect, Family Foundation)
Footnotes (1)
- F1. The sale was executed under an existing 10b5 plan.
Key Figures
Shares sold: 24,650 shares
Sale price per share: 110.0000 per share
Natur Family Limited Partnership holdings: 341,686 shares
+3 more
6 metrics
Shares sold
24,650 shares
Aggregate common shares sold on 2026-08-05 across four indirect accounts
Sale price per share
110.0000 per share
Per-share price for each common stock sale on 2026-08-05
Natur Family Limited Partnership holdings
341,686 shares
Indirect common shares held after the reported sale
Reece Brooks Trust holdings
22,900 shares
Indirect common shares held after the reported sale
Ryan Brooks Trust holdings
7,900 shares
Indirect common shares held after the reported sale
Family Foundation holdings
10,050 shares
Indirect common shares held after the reported sale
Key Terms
10b5 plan, Family Limited Partnership, indirect, Family Foundation, +1 more
5 terms
10b5 plan regulatory
"The sale was executed under an existing 10b5 plan."
Family Limited Partnership financial
"nature of ownership described as By Natur Family Limited Partnership"
indirect financial
"ownership_type is reported as indirect for these transactions"
Family Foundation financial
"nature of ownership shown as Family Foundation for one account"
trust financial
"nature of ownership includes Reece Brooks Trust and Ryan Brooks Trust"
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did SouthState Bank Corp (SSB) report for David R. Brooks?
SouthState Bank Corp (SSB) reported that director David R. Brooks indirectly sold 24,650 common shares on 2026-08-05 at 110.0000 per share. The sales were executed by a family limited partnership, two family trusts, and a family foundation under an existing 10b5 plan.
Were the SouthState Bank Corp (SSB) insider sales by David R. Brooks made under a 10b5 plan?
Yes. A filing footnote states, “The sale was executed under an existing 10b5 plan,” and the Rule 10b5-1 checkbox is affirmed. This indicates the trades were carried out pursuant to a pre-arranged trading plan rather than being discretionary open-market decisions.
Are David R. Brooks’ SouthState Bank Corp (SSB) holdings reported in this filing direct or indirect?
All holdings reported in this Form 4 are indirect. Shares are held through the Natur Family Limited Partnership, the Reece Brooks Trust, the Ryan Brooks Trust, and a Family Foundation, as shown by the “nature of ownership” descriptions and the indirect ownership code for each transaction.
What type of security was involved in David R. Brooks’ SouthState Bank Corp (SSB) transactions?
The transactions involved Common Stock classified as non-derivative securities. Four separate sales on 2026-08-05 reduced indirect positions in SouthState Bank Corp while leaving substantial remaining holdings in the family limited partnership, two family trusts, and a family foundation.