MURRAY RICHARD IV 4

What Happened

Richard Murray, President of SouthState Bank Corp (SSB), had 2,057 common shares issued to him on 2026-01-24 upon the vesting/conversion of time‑vested Restricted Share Units (RSUs). No cash was paid for these shares (exercise/conversion price reported as $0.00). To satisfy tax withholding obligations, 916 of those shares were withheld/disposed at $100.19 per share, resulting in approximately $91,774 in tax withholding.

Key Details

• Transaction date: 2026-01-24; filing date: 2026-01-26 (timely Form 4 filing).
• Acquired: 2,057 shares via RSU conversion (transaction code M) at $0.00 exercise price.
• Disposed/withheld: 916 shares (transaction code F) at $100.19/share, totaling ~$91,774 to cover taxes.
• Shares owned after the transaction: not specified in the filing.
• Footnotes: F1—these were time‑vested RSUs granted 1/24/2023 that vested one‑third annually (2024, 2025, 2026). F2—shares were withheld to pay the tax liability in accordance with Rule 16(b)-3.

Context

This was a routine RSU vesting and tax‑withholding event, not an open‑market sale or a cash purchase. The acquisition increases the insider’s shareholdings via compensation; the withheld shares are a common administrative step to cover taxes and do not necessarily indicate a change in the insider’s market view.