Form 4: MetroCity Bankshares Director Sam Sang-Koo Shim Donates Shares to Charity

Director Sam Sang-Koo Shim of MetroCity Bankshares, Inc. [MCBS] reports gifting a total of 7,000 shares of common stock to a charitable organization across three transactions.

Summary

• On November 7, 2024, Sam Sang-Koo Shim, a director of MetroCity Bankshares, Inc. (MCBS), gifted 2,000 shares of common stock to a charitable organization.
• On November 8, 2024, Shim gifted an additional 3,000 shares of common stock to the same charitable organization.
• On November 11, 2024, Shim gifted another 2,000 shares of common stock to the charitable organization.
• The gifts were bona fide donations, and the price per share was $0 for each transaction.
• Following these transactions, Shim directly owns 530,961 shares of MetroCity Bankshares, Inc.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions. It doesn't convey any particular positive or negative sentiment regarding the company's performance or outlook.

Industry Context

This filing is a routine disclosure of insider transactions and doesn't necessarily reflect broader industry trends.

Stakeholder Impact

• The donation of shares by a director could have a minor positive impact on the charitable organization receiving the gift.

Key Dates