MASON Y. GARRETT - 21 Jul 2022 Form 4 Insider Report for GRANDSOUTH BANCORPORATION (GRRB)

Role: Chairman and CEO, Director, 10%+ Owner
Signature: /s/ Nelson Mullins Riley & Scarborough LLP for Mason Y. Garrett
Issuer symbol: GRRB
Transactions as of: 21 Jul 2022
Net transactions value: +$15,575
Form type: 4
Filing time: 22 Jul 2022, 16:50:25 UTC
Previous filing: 04 Nov 2021
Next filing: 06 Dec 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GRRB	Common Stock	Purchase	$15,575	+500	+0.14%	$31.15	348,255	21 Jul 2022	Direct
holding	GRRB	Common Stock						13,336	21 Jul 2022	By Self as Custodian for Grandchildren
holding	GRRB	Common Stock						174,663	21 Jul 2022	By Spouse
holding	GRRB	Common Stock						2,223	21 Jul 2022	By Children
holding	GRRB	Common Stock						61,492	21 Jul 2022	By BMPBC, LLC Partnership
holding	GRRB	Common Stock						61,492	21 Jul 2022	By Self as Custodian for Brother
holding	GRRB	Common Stock						300,000	21 Jul 2022	By Mason Y. Garrett Family, LP

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
holding	GRRB	Preferred Stock - Series						9,204	21 Jul 2022	Common Stock	9,204		Direct	F1

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

Explanation of Responses:

Id	Content
F1	The Series A Preferred Stock is convertible upon a Change of Control (as defined in the Articles of Amendment designating the Series A Preferred)into a number of shares of the issuer's common stock on a one-for-one basis and has no expiration date.