Form 4: Metropolitan Bank EVP Sells Shares Under 10b5-1 Plan

Metropolitan Bank Holding Corp. Executive Vice President Nick Rosenberg sold 1,250 shares of common stock for approximately $99,346 under a pre-arranged trading plan.

Summary

• Nick Rosenberg, Executive Vice President of Metropolitan Bank Holding Corp. (MCB), reported the sale of 1,250 shares of common stock.
• The sales occurred on September 17, 2025, and were executed pursuant to a Rule 10b5-1 trading arrangement adopted on June 6, 2025.
• The shares were sold in three separate transactions at weighted average prices ranging from $78.1163 to $80.0242 per share.
• Following these transactions, Mr. Rosenberg directly beneficially owns 28,339 shares of common stock.
• Additionally, Mr. Rosenberg indirectly beneficially owns 750 shares of common stock through his children (250 shares each for Child 1, Child 2, and Child 3).
• The beneficial ownership figures include restricted stock units granted on March 1, 2023, March 1, 2024, and March 1, 2025, which vest at a rate of 33.3% per year commencing on March 1, 2024, March 1, 2025, and March 1, 2026, respectively.

Sentiment

Score: 5

Explanation: The sale of shares by an executive, while a reduction in insider ownership, was conducted under a pre-arranged 10b5-1 trading plan, suggesting it was not driven by new negative information and is therefore neutral in sentiment.

Positives

• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, indicating a planned divestment rather than a reaction to new, adverse company-specific information.

Negatives

• A reduction in insider ownership, even if planned, can sometimes be perceived as a slight negative signal by the market.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This filing reports an individual insider transaction and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: A reduction in insider ownership, though pre-planned, might be viewed with slight caution, but the 10b5-1 plan mitigates concerns of opportunistic selling.

Key Dates

Recommendation

The filing reports a pre-scheduled insider sale under a 10b5-1 plan, which typically does not signal a change in the company's fundamental outlook. While a reduction in insider ownership, it's not indicative of new negative information, thus a 'hold' recommendation is appropriate based solely on this filing.

Keywords

Metropolitan Bank Holding Corp, MCB, Insider Trading, Form 4, Stock Sale, Executive Vice President, Nick Rosenberg, 10b5-1 Plan