Sasse Benjamin E 4

What Happened Benjamin E. Sasse, a director of SouthState Bank Corp (SSB), received 628 common shares on 2026-07-21 when time‑vested Restricted Share Units (RSUs) vested and converted into shares. The Form 4 reports an "M" transaction (exercise/conversion of derivative) showing 628 shares acquired at $0.00 (no cash paid); these RSUs were granted as part of the annual director fee stock component.

Key Details

• Transaction date: 2026-07-21; Form 4 filed 2026-07-23 (timely).
• Transaction type/code: M — conversion/exercise of derivative (RSU vesting into shares).
• Shares acquired: 628 common shares at $0.00 (total cash paid $0).
• Shares owned after transaction: not disclosed in the filing.
• Footnote: F1 — These shares were issued pursuant to time‑vested RSUs granted 1/21/2026 as part of annual director fees; the RSUs cliff vested on 7/21/2026.
• No immediate sale reported (shares were retained at vesting).

Context This was a compensation event (RSU vesting/conversion), not an open‑market purchase or sale. Such awards are common for non‑executive directors and reflect routine equity compensation rather than an explicit buy/sell signal. Converting RSUs to shares simply makes the previously granted units into common stock available to the director.