Brooks David R 4/A
Research Summary
AI-generated summary
SouthState (SSB) Director David R. Brooks Sells 14,300 Shares
What Happened
David R. Brooks, a director of SouthState Bank Corp (SSB), sold a total of 14,300 shares in open-market transactions on April 28, 2026. The sales were executed as two dispositions: 9,000 shares at $98.39 each ($885,510) and 5,300 shares at $98.39 each ($521,467), for aggregate proceeds of $1,406,977. These were sales (not purchases), which are commonly routine liquidity events rather than signals of company outlook.
Key Details
- Transaction date and price: April 28, 2026 — 9,000 shares @ $98.39 and 5,300 shares @ $98.39.
- Aggregate proceeds: $1,406,977.
- Shares owned after transaction: not specified in the information provided in this summary.
- Filing status: This is an AMENDED Form 4 filed April 30, 2026 to correct the original April 29 filing.
- Notable footnote: The amendment clarifies that these trades were erroneously reported as made pursuant to a Rule 10b5-1 trading plan; the amendment states the transactions were not made under a 10b5-1 plan.
Context
- These were outright sales (coded S) in the open market. Sales by directors often reflect personal liquidity needs or portfolio rebalancing; they are less informative about company prospects than outright purchases.
- The amendment removes the previously indicated 10b5-1 plan attribution, which matters because trades under a 10b5-1 plan are pre-scheduled; the correction indicates these were not prearranged under that rule.