FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Morgan Anthony P		 2. Date of Event Requiring Statement (MM/DD/YYYY)
5/14/2021 

 3. Issuer Name and Ticker or Trading Symbol

GRANDSOUTH BANCORPORATION [GRRB]
(Last)        (First)        (Middle)

381 HALTON ROAD		 4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                          _____ 10% Owner
_____ Officer (give title below)        _____ Other (specify below)
(Street)

GREENVILLE, SC 29607      

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed(MM/DD/YYYY)
 

6. Individual or Joint/Group Filing(Check Applicable Line)

_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		2. Amount of Securities Beneficially Owned
(Instr. 4)		3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 48833 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)		2. Date Exercisable and Expiration Date
(MM/DD/YYYY)		3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		4. Conversion or Exercise Price of Derivative Security5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option 6/21/2024 (1)6/21/2029 Common Stock 10000 $16.55 D  
Explanation of Responses:
(1) 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.
Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Morgan Anthony P
381 HALTON ROAD
GREENVILLE, SC 29607		X
Signatures
/s/Nelson Mullins Riley & Scarborough LLP as POA for Anthony P. Morgan5/14/2021
**Signature of Reporting PersonDate
Grandsouth Bancorporation (QX) (USOTC:GRRB)
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