July 1, 2025 · Form 4 insider transaction
JOYCE LYNN J sold 2,120 shares of Southern States Bancshares, Inc., a transaction worth N/A. The trade was recorded as disposition to the issuer and disclosed on an SEC Form 4, filed 0 days after the transaction.
At the Effective Time and in connection with Merger, each outstanding option was cancelled and exchanged into the right to receive a cash payment equal to the product of (a) the difference, if positive, between (i) the Per Share Cash Equivalent Consideration (as defined in the agreement relating to Merger) and (ii) the exercise price of the option immediately prior to the Effective Time, multiplied by (b) the number of shares SSBK common stock underlying option, rounded up to the nearest cent.