Form 4: MetroCity Bankshares Director Shim Sang-Koo Sells Shares
SEC Form 4 Filing
Director Shim Sang-Koo of MetroCity Bankshares, Inc. [MCBS] recently sold shares of common stock in two transactions.
Summary
- On August 19, 2024, Shim Sang-Koo, a director of MetroCity Bankshares, Inc., sold 27,132 shares of common stock at a price of $28 per share.
- Following this transaction, Mr. Shim directly owned 594,271 shares of MetroCity Bankshares.
- On August 20, 2024, Mr. Shim sold an additional 10,110 shares of common stock at $28 per share.
- After the second transaction, Mr. Shim directly owned 584,161 shares of the company's common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock sales by a director, which is neutral in sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC when a company insider, such as a director, buys or sells shares of their company's stock. It provides transparency to the market regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 08/19/2024 | Director Shim Sang-Koo sold 27,132 shares of common stock at $28 per share. |
| 08/20/2024 | Director Shim Sang-Koo sold 10,110 shares of common stock at $28 per share. |
| 08/21/2024 | Date of signature by attorney in fact, Lucas Stewart. |
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