Form 4: Director Patent Sells MCB Shares

Robert C. Patent, a director of Metropolitan Bank Holding Corp., sold 5,000 shares of common stock at a weighted average price of $72.746 on August 19, 2025.

Summary

• Robert C. Patent, a director at Metropolitan Bank Holding Corp. (MCB), sold 5,000 shares of common stock on August 19, 2025.
• The shares were sold at a weighted average price of $72.746, with individual transactions ranging from $72.7033 to $72.805.
• Following the transaction, Patent directly owns 103,685 shares, including restricted stock units vesting on January 27, 2026.
• Patent also indirectly owns 32,882 shares through a sibling and 14,445 shares through a profit-sharing plan, but disclaims beneficial ownership of the sibling's shares.

Sentiment

Score: 5

Explanation: Neutral sentiment as it is a routine transaction.

Positives

• Continued direct ownership of 103,685 shares indicates ongoing investment in the company.
• Includes restricted stock units that vest 100% on January 27, 2026.

Negatives

• Sale of 5,000 shares may be perceived negatively by some investors.

Risks

• None explicitly mentioned in this filing.

Future Outlook

No forward-looking statements or guidance provided in the filing.

Management Comments

• The Reporting Person undertakes to provide full information regarding the number of shares sold at each separate price within the ranges set forth in Footnote 1 upon request.
• The Reporting Person disclaims beneficial ownership of these securities held by sibling, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

Industry Context

This filing reflects insider trading activity, which is a common occurrence for publicly traded companies. Monitoring such activity helps investors gauge management's perspective on the company's stock.

Comparison to Industry Standards

• Insider trading activity is a normal part of the financial industry. It is difficult to compare this specific transaction to industry standards without knowing the reasons behind the sale.
• Comparable companies include other regional banks such as New York Community Bancorp (NYCB) and Signature Bank (SBNY), but direct comparison requires analysis of their insider trading activities and company performance.

Related Party Transactions

• Indirect ownership of 32,882 shares by sibling, with the Reporting Person maintaining a power of attorney.

Stakeholder Impact

• The sale of shares could have a minor negative impact on shareholder confidence.

Next Steps

• Monitor future filings by Robert C. Patent for further transactions.
• Analyze overall insider trading activity for Metropolitan Bank Holding Corp. to assess management sentiment.

Key Dates

Recommendation

The sale of shares by a director is not necessarily a cause for alarm, but it warrants monitoring. Given the continued significant holdings and lack of other negative indicators, a hold recommendation is appropriate.

Keywords

MCB, Metropolitan Bank Holding Corp., Robert C. Patent, Director, Share Sale, SEC Form 4