R. Arthur Seaver Jr., Chief Executive Officer and Director of Southern First Bancshares Inc, filed a Form 4 on August 13, 2026, disclosing a series of open-market sales and stock option exercises in the company's common stock on August 12, 2026.

Key Highlights

  • Shares sold: Seaver disposed of a total of 21,000 shares of common stock across five transactions at prices of $63.00, $63.50, $63.75, and $64.00 per share.
  • Options exercised: Seaver exercised four tranches of stock options, acquiring 10,429 shares in total under transaction code "M" at exercise prices of $32.32, $39.45, $42.72, and $42.80.
  • Remaining beneficial ownership: Following all reported transactions, Seaver directly owned 92,026 shares of common stock.
  • Remaining options: After the exercises, Seaver retained a total of 28,571 unexercised stock options across four tranches (12,097; 5,173; 5,746; and 5,555).
  • Vesting schedule: According to the filing, all four option grants vest equally over four years.
  • Filing exchange and ticker: The issuer is listed as NASDAQ:SFST.

CEO Seaver's August 12 Transactions in Southern First Bancshares Common Stock

According to the filing, R. Arthur Seaver Jr., serving as both Chief Executive Officer and Director of Southern First Bancshares Inc (NASDAQ:SFST), executed multiple transactions on August 12, 2026. On the disposition side, the filing reports five separate open-market sales totaling 21,000 shares: 5,000 shares at $63.00, 5,000 shares at $63.50, 6,000 shares at $64.00, 500 shares at $64.00, and 4,500 shares at $63.75, all listed as directly owned.

On the same date, Seaver also exercised four stock option grants, each coded "M" in the filing. The exercises covered 2,903 shares at an exercise price of $39.45 (expiring 01/19/2031), 2,827 shares at $42.72 (expiring 01/21/2030), 2,254 shares at $42.80 (expiring 01/16/2028), and 2,445 shares at $32.32 (expiring 01/15/2029). The filing states the price of each derivative security in the exercise transactions was $0. Each of the four option grants was disclosed as vesting equally over four years.

After all reported transactions, the filing states Seaver's direct beneficial ownership stood at 92,026 shares of common stock. The Form 4 was signed by Julie A. Fairchild as power of attorney on behalf of R. Arthur Seaver Jr. and was filed on August 13, 2026.

What Was Disclosed

Southern First Bancshares' CEO and Director R. Arthur Seaver Jr. disclosed the sale of 21,000 shares and the exercise of options covering 10,429 shares on August 12, 2026, leaving him with direct beneficial ownership of 92,026 shares of common stock.