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

Rhea-AI Filing Summary

Form 4 overview: Southern States Bancshares, Inc. (SSBK) director Cynthia S. McCarty reported the disposition of her entire SSBK position on 1 July 2025 in connection with the completed merger into FB Financial Corp. (FBK).

• Shares disposed: 5,709 held directly and 2,000 held indirectly through her spouse, totalling 7,709 SSBK shares.
• Transaction code: “D” (disposition) – the shares were automatically converted rather than sold on-market.
• Merger terms: Every SSBK share converted into the right to receive 0.8 share of FBK common stock; cash is paid in lieu of fractional shares.
• Reference price: FBK closing price on 30 June 2025 was $45.30. Based solely on this reference, each SSBK share equates to roughly $36.24 in FBK value, implying an aggregate consideration of about $279 thousand for McCarty’s 7,709 shares.
• No derivative securities or additional transactions were reported.

After the merger, SSBK no longer exists as a separate public entity, so McCarty’s beneficial ownership in SSBK is now zero. Any continuing economic interest is represented by her newly received FBK shares (not detailed in this filing).

Insights

Financial Analyst

TL;DR: Insider’s Form 4 confirms SSBK–FBK merger closed; 7,709 shares converted at 0.8 exchange ratio—routine, modest informational value.

The filing is primarily administrative, documenting the automatic conversion of Ms. McCarty’s SSBK shares into FBK equity. The disclosure confirms the merger’s effective date (1 July 2025) and reiterates the established exchange ratio of 0.8. Investors gain a clear reference price ($45.30 FBK close on 30 June 2025) to approximate consideration per SSBK share. No abnormal selling pressure or preferential terms are indicated, and there are no derivative positions or post-merger lock-ups disclosed. Because the event was already publicly announced in the merger agreement, market impact should be minimal; the Form 4 simply ties out insider ownership records.

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^*

Smith J. Henry IV

(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		52,725	D	(1)	0	D
Common Stock, par value $5 per share	07/01/2025		D		245	D	(1)	0	I	By son (CGS)
Common Stock, par value $5 per share	07/01/2025		D		245	D	(1)	0	I	By daughter (EHS)
Common Stock, par value $5 per share	07/01/2025		D		240	D	(1)	0	I	By daughter (VWS)

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.

Remarks:

	/s/ James H Smith IV, 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 did SSBK director Cynthia S. McCarty report on Form 4?

She reported the disposition of 7,709 SSBK shares—5,709 directly owned and 2,000 held by her spouse—due to the merger with FBK.

What is the SSBK to FBK share exchange ratio?

0.8 share of FB Financial Corp. (FBK) for each SSBK share, with cash for fractional shares.

When did the SSBK–FBK merger become effective?

The merger closed on 1 July 2025, as indicated in the filing.

What reference price was provided for FBK stock?

The closing price on 30 June 2025 was $45.30 per FBK share.

How many SSBK shares were converted in total?

A combined 7,709 shares (direct and indirect) were converted.