King Silvia T 4

What Happened

• Silvia T. King, Chief Human Resources Officer of Southern First Bancshares, exercised options to acquire 2,625 shares (625 shares at $32.32 and 2,000 shares at $39.45) and sold 2,625 shares in an open-market transaction at $60.49 on Feb 26, 2026.
• Exercise cash paid (total) = $20,200 + $78,900 = $99,100. Sale proceeds = 2,625 × $60.49 = $158,796. The filing also shows derivative dispositions reported at $0.00 associated with the exercise.

Key Details

• Transaction date: 2026-02-26 (reported on Form 4 filed 2026-02-27).
• Exercises: 625 shares @ $32.32 (acquired), 2,000 shares @ $39.45 (acquired); combined exercise cost $99,100.
• Sale: 2,625 shares @ $60.49 for $158,796 (open market sale).
• Derivative entries: two dispositions of 625 and 2,000 shares reported at $0.00 (these reflect the exercised option instruments as reported).
• Shares owned after transaction: not disclosed in the provided filing.
• Timeliness: filing appears timely (filed one day after the transactions); no late-filing flag noted.

Context

• This was an option exercise followed by an immediate sale of the resulting shares (a common cashless exercise/liquidity event). The exercise (a purchase of shares via option conversion) was followed by a sale, so the overall event provided liquidity rather than a long-term open-market purchase signal.
• The filing is from an officer (not a 10% owner). The derivative $0.00 disposition lines are normal in option-exercise reporting and typically reflect conversion/surrender of derivative instruments; the filing does not provide additional explanatory footnotes about tax withholding or a 10b5-1 plan.