Southern First (SFST) Director David Ellison Receives Award

What Happened David G. Ellison, a director of Southern First Bancshares, was granted 310 restricted stock units (RSUs) on June 1, 2026. The filing reports an acquisition at $0.00 per share (award code A); the reported dollar amount is $0 because this is a compensation grant, not a cash purchase.

Key Details

• Transaction date: 2026-06-01 (Form 4 filed 2026-06-02; timely filing)
• Transaction type/code: Award of restricted stock units (A)
• Amount granted: 310 RSUs; reported acquisition price: $0.00
• Vesting: These RSUs will fully vest on June 1, 2027 (footnote F1)
• Shares owned after transaction: Not specified in the provided filing
• Filing timeliness: Reported the next day, indicating a timely Form 4

Context RSUs are a form of compensation that convert to shares if and when they vest; they do not represent an immediate open-market purchase or sale. Because these units vest one year from grant, they reflect future potential ownership rather than an immediate change in tradable shares. This grant is informational about director compensation and does not by itself indicate a buy/sell market signal.