[Form 4] Southern States Bancshares, Inc. Common Insider Trading Activity

Rhea-AI Filing Summary

Southern States Bancshares, Inc. (SSBK) – Form 4 insider filing

Director Jay F. Pumroy reported the disposition of his entire SSBK position on 1 July 2025 in connection with the closing of the previously announced merger between SSBK and FB Financial Corp. (FBK). The filing shows:

• 101,679 shares held directly and 202 shares held as custodian for two grandchildren were converted.
• Transaction code “D” confirms a disposition; post-transaction SSBK ownership is 0.
• Merger terms: each SSBK share converted into the right to receive 0.8 FBK share; cash will be paid in lieu of fractional shares.
• FBK’s closing price on 30 June 2025, the day before effectiveness, was $45.30 per share (information supplied in the footnote).

No derivative securities were reported. The custodian holdings are expressly disclaimed as beneficial except for any pecuniary interest. The filing signals that SSBK equity has been fully exchanged and that insiders now hold their economic interest, if any, through FBK shares.

Positive

• Merger consummation confirmed: Form 4 verifies conversion of SSBK shares into FBK equity at the agreed 0.8 ratio, removing closing risk for shareholders.

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider Form 4 confirms SSBK–FBK merger completion; all SSBK shares converted to FBK at 0.8x, leaving zero SSBK insider ownership.

This Form 4 is procedural, documenting the mandatory conversion of 101,881 SSBK shares held by Director Jay F. Pumroy upon the merger’s close. Because the exchange ratio and effective date were disclosed in prior deal documents, the filing introduces no incremental financial guidance. It does, however, provide investors with final confirmation that the transaction settled on 1 July 2025 and that insiders no longer retain SSBK equity, eliminating potential overhang. Any future insider activity will appear under FBK’s ticker. From a valuation perspective, holders should now reference FBK’s share price and integration progress rather than SSBK fundamentals.

M&A Specialist

TL;DR: Filing evidences mechanical share conversion—key milestone in closing process, but no new economics.

The statement serves as a legal record that SSBK stock has been cancelled and exchanged per the definitive merger agreement. The 0.8 ratio aligns with prior filings; thus, the document chiefly mitigates any residual uncertainty about settlement. While confirmation of close is positive for deal certainty, it was largely priced in following regulatory approvals. Integration risk and FBK synergy realization now become the primary focus for investors.

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

X

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^*

Pumroy Jay F.

(Last) (First) (Middle)

615 QUINTARD AVE

(Street)

ANNISTON AL 36201

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Southern States Bancshares, Inc. [ SSBK ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

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

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

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

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, par value $5.00 per share	07/01/2025		D		101,679	D	(1)	0	D
Common Stock, par value $5 per share	07/01/2025		D		101	D	(1)	0	I	As custodian for grandson (JJP)(2)
Common Stock, par value $5 per share	07/01/2025		D		101	D	(1)	0	I	As custodian for granddaughter (IRP)(2)

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. Disposed of in connection with the merger of Southern States Bancshares, Inc. (SSBK) with and into FB Financial Corp. (FBK) effective July 1, 2025 (the Merger). At the effective time of the Merger (the Effective Time), each outstanding share of SSBK's common stock converted into the right to receive 0.8 share of FBK's common stock, with cash payable in lieu of fractional shares. On June 30, 2025, the last trading day before the Effective Time, the closing price of FBK's stock was $45.30 per share.

2. The reporting person acts as custodian for the account of the reporting person's grandson and granddaughter. The reporting person disclaims beneficial ownership of the securities except to the extent of the reporting person's pecuniary interest, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

Remarks:

	/s/ Jay F. Pumroy, by Jeff Shanks as Attorney-in-Fact	07/01/2025
	** 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.

FAQ

What happened to Director Jay F. Pumroy's SSBK shares?

All 101,881 SSBK shares (direct and custodial) were disposed of and converted into FBK shares on 1 July 2025.

What is the exchange ratio for the SSBK–FBK merger?

Each SSBK share converted into the right to receive 0.8 share of FB Financial Corp. (FBK) common stock.

Did the insider receive cash or stock for fractional shares?

The filing states that cash will be paid in lieu of fractional FBK shares.

What was FBK's share price near the merger close?

FBK closed at $45.30 on 30 June 2025, the last trading day before the merger became effective.

Does the insider retain any SSBK shares after the transaction?

No. Post-transaction beneficial ownership of SSBK is 0 shares; any continuing exposure would be through FBK stock.