King Silvia T 4

What Happened

• Silvia King, Chief Human Resources Officer of Southern First Bancshares (SFST), received a grant of 700 restricted stock units (RSUs) on 2026-02-01 (award code A).
• On the same date, 296 shares were disposed (code F) as shares withheld to satisfy tax-withholding obligations at $54.94 per share, generating approximately $16,262. This disposal reflects tax withholding, not an open-market sale.

Key Details

• Transaction date: 2026-02-01. Grant: 700 RSUs (acquired at $0). Withholding: 296 shares disposed at $54.94 each (~$16,262).
• Vesting: The RSUs were granted and will vest equally over four years (footnote F1).
• Withholding: The 296-share disposal reflects shares withheld to satisfy taxes upon vesting (footnote F2).
• Shares owned after transaction: Not stated in the summarized filing.
• Filing timeliness: Form 4 was filed on 2026-02-20 (19 days after the transaction), later than the typical 2-business-day reporting window.

Context

• RSU grants are a form of compensation that typically vest over time; they are not an outright purchase by the insider. The share disposal here is a routine tax-withholding action, common when RSUs vest, and should not be interpreted as a voluntary sale expressing market sentiment.