JOHN GARRETT - 14 May 2021 Form 3 Insider Report for GRANDSOUTH BANCORPORATION (GRRB)

Role
CFO, Director
Signature
/s/Nelson Mullins Riley & Scarborough LLP as POA for John B. Garrett
Issuer symbol
GRRB
Transactions as of
14 May 2021
Transactions value $
$0
Form type
3
Filing time
14 May 2021, 16:27:01 UTC
Next filing
04 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding GRRB Common Stock 145,112 14 May 2021 Direct
holding GRRB Common Stock 2,019 14 May 2021 By Spouse
holding GRRB Common Stock 33,434 14 May 2021 By Self as Custodian for Children
holding GRRB Preferred Stock Series A 2,455 14 May 2021 Direct
holding GRRB Preferred Stock Series A 6,190 14 May 2021 By Self as Custodian for Children

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 Employee Stock Option 14 May 2021 Common Stock 25,000 $16.55 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Granted pursuant to the 2019 Stock Option Plan. The shares subject to this option vested and became exercisable, or will vest, subject to conditions, and become exercisable as follows: 20% on each June 21, 2020, 2021, 2022, 2023, and 2024.

Remarks:

Exhibit Index: Exhibit 24.1, Power of Attorney.