SouthState (SSB) Form 4: President disposes 5,302 shares at $97.20
Rhea-AI Filing Summary
Murray Richard IV, President of SouthState Corp (SSB), reported an insider sale on 08/14/2025. The Form 4 shows a disposition of 5,302 shares of common stock at a price of $97.20 per share. After the sale, the reporting person beneficially owned 60,798 shares. The filing was made by one reporting person and signed under power of attorney by the company CFO on 08/14/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine insider sale disclosed; transaction size appears modest relative to ongoing holdings.
The sale of 5,302 shares at $97.20 is clearly reported and reduces the reporting person’s direct position to 60,798 shares. The disclosure meets Section 16 requirements and was filed by a single reporting person. There is no indication in this Form 4 of derivative transactions, option exercises, or related amendments. Absent additional context on total outstanding shares or recent patterns of selling, this single reported sale should be viewed as a routine liquidity event rather than a material change to company control or strategy.
TL;DR: Filing demonstrates compliance with reporting rules; sale itself is not accompanied by plan details here.
The Form 4 accurately lists the reporter, relationship (President/officer), transaction date, price, and resulting beneficial ownership, and it was executed under power of attorney by the CFO. The document does not state whether the sale was part of a 10b5-1 plan or similar arrangement. From a governance perspective, timely and complete disclosure is positive; however, without additional filings or commentary, no governance implications beyond standard insider selling can be concluded from this single report.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,302 | $97.20 | $515K |