Form 4: MetroCity Bankshares Director Acquires Shares and Reports Beneficial Ownership
SEC Form 4 Filing
Director Sam Sang-Koo Shim reports acquisition of MetroCity Bankshares common stock and updates on beneficial ownership.
Summary
- On June 3, 2024, Sam Sang-Koo Shim, a director of MetroCity Bankshares, Inc. [MCBS], acquired 892 shares of common stock at a price of $24.65 per share.
- Following the transaction, Mr. Shim directly owns 622,681 shares of common stock.
- Mr. Shim also indirectly owns 7,145 shares through his spouse.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating neutral sentiment.
Industry Context
This filing is a routine disclosure related to insider trading activity, which is common among corporate executives and directors. It provides transparency to investors regarding the trading activities of company insiders.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Start date for the three-year vesting period of the restricted stock award. |
| 06/03/2024 | Date of the transaction where common stock was acquired. |
| 06/04/2024 | Date of signature for the report. |
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