Anthony P. Morgan - 09 Nov 2021 Form 4 Insider Report for GRANDSOUTH BANCORPORATION (GRRB)

Role
Director
Signature
/s/ Nelson Mullins Riley & Scarborough LLP as POA for Anthony P. Morgan
Issuer symbol
GRRB
Transactions as of
09 Nov 2021
Transactions value $
$10,200
Form type
4
Filing time
12 Nov 2021, 10:38:00 UTC
Previous filing
26 May 2021
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 53,135 09 Nov 2021 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 GRRB Preferred Stock - Series A Purchase $10,200 +600 $17.00 600 09 Nov 2021 Common Stock 600 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.