Southern First (SFST) Director Jennifer Cluverius Receives Award

What Happened

Jennifer S. Cluverius, a director of Southern First Bancshares, was granted 310 restricted stock units (RSUs) on June 1, 2026. The award is reported at $0.00 per share (code A — grant/award), reflecting a grant rather than a cash purchase; the Form 4 lists total reported value as $0.00. These RSUs will convert to shares only upon vesting.

Key Details

• Transaction date: 2026-06-01 (Form 4 filed 2026-06-02) — within the required reporting window.
• Grant: 310 RSUs @ $0.00 reported. Total reported value: $0.00.
• Vesting/footnote: F1 — the RSUs will fully vest on June 1, 2027.
• Shares owned after transaction: not provided in the supplied summary (not reported here).
• Transaction code: A (award/grant). No indication of a 10b5-1 plan, tax withholding, or sale.

Context

This was a compensation grant (RSUs), not an open-market purchase or sale. RSUs do not represent immediately tradable shares until they vest, and their future worth will depend on Southern First’s stock price at vesting. Grants to insiders are common as part of compensation and do not by themselves indicate buy/sell intent.