Fairchild Julie Ann 4

What Happened

• Julie Ann Fairchild, Chief Accounting Officer of Southern First Bancshares (SFST), was granted/received 875 restricted stock units (RSUs) on 2026-02-01 (reported on Form 4). The RSUs were recorded at $0.00 per share (award).
• As part of the vesting event, 135 shares were withheld to cover tax withholding obligations at a per-share price of $54.94, resulting in a withholding value of $7,417. The withholding is recorded as a disposition for tax purposes, not an open-market sale.

Key Details

• Transaction dates: 2026-02-01 (award and withholding); Form 4 filed 2026-02-03 — appears timely (within SEC two-business-day window).
• Award: 875 RSUs acquired @ $0.00 (transaction code A).
• Tax withholding: 135 shares disposed @ $54.94 for $7,417 (transaction code F).
• Shares owned after the transaction: not disclosed in the provided filing.
• Footnotes: F1 — these are restricted stock units that vest equally over four years; F2 — the 135 shares were withheld to satisfy tax withholding upon vesting.
• This was a compensation vesting event (award) with routine tax withholding — not an open-market buy or a predictive sale.

Context

• RSUs are a form of compensation that typically vest over time; the filing indicates these units vest evenly over four years, so this award reflects ongoing compensation rather than a market-timed purchase or sale.
• The withheld shares to cover taxes are common and do not necessarily reflect a bearish view; they reduce the number of shares delivered to the insider rather than indicating a deliberate sale to generate cash.