ARANA SARA 4

What Happened Sara Arana, Chief Accounting Officer of SouthState Bank Corp (SSB), received 409 shares on 2026-02-04 when restricted stock units vested/converted (reported as a derivative exercise, code M). 122 of those shares were withheld to cover tax withholding (code F) at $106.24 per share, resulting in withholding equal to $12,961. Net shares added from this transaction: 287 (409 acquired − 122 withheld). The acquired shares were issued at $0.00 as part of an RSU settlement.

Key Details

• Transaction dates: 2026-02-04 (reported on Form 4 filed 2026-02-05; filing appears timely).
• Acquired: 409 shares at $0.00 (conversion of RSUs, code M).
• Disposed/Withheld: 122 shares at $106.24 for tax withholding, total reported $12,961 (code F).
• Net new shares retained from the grant: 287.
• Footnotes: Shares issued pursuant to RSUs awarded 3/5/2024 after a 2-year performance vesting period ending 12/31/2025 (F1). Withholding used to pay tax liability on securities issued (F2).
• Shares owned after the transaction: not specified in the filing.

Context This was an RSU vesting and tax-withholding event (common compensation activity), not an open-market sale or purchase. Withholding shares to cover taxes is routine and does not by itself indicate an insider buying or selling for investment reasons. The conversion was reported promptly (filed the next day), which satisfies the typical two-business-day Form 4 filing requirement.