Kyra E. Clark - 03 Jan 2022 Form 4 Insider Report for LAKELAND FINANCIAL CORP (LKFN)

Role: Senior Vice President
Signature: /s/ Matt VanDeWielle, Attorney-in-Fact
Issuer symbol: LKFN
Transactions as of: 03 Jan 2022
Net transactions value: -$45,279
Form type: 4
Filing time: 04 Jan 2022, 09:22:11 UTC
Next filing: 01 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LKFN	Common Stock	Options Exercise	$0	+1,500		$0.000000	1,500	03 Jan 2022	Direct
transaction	LKFN	Common Stock	Tax liability	$45,279	-565	-38%	$80.14	935	03 Jan 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LKFN	Restricted Stock Units	Options Exercise	$0	-1,500	-100%	$0.000000^*	0	03 Jan 2022	Common Stock	1,500	$0.000000	Direct	F1, F2
holding	LKFN	Restricted Stock Units						4,050	03 Jan 2022	Common Stock	4,050	$0.000000	Direct	F1, F2, F3
holding	LKFN	Restricted Stock Units						4,050	03 Jan 2022	Common Stock	4,050	$0.000000	Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit exercises into 1 share of Common Stock.
F2	Restricted Stock Unit awards are a conditional promise to transfer a share at a specific futurue date and do not have an expiration date.
F3	The Restricted Stock Units are subject to forfeiture based on corporate performance criteria.