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

Metropolitan Bank Holding Corp.'s Executive Vice President, Nick Rosenberg, sold 625 shares of common stock for approximately $45,300 under a pre-arranged 10b5-1 trading plan.

Summary

• Nick Rosenberg, Executive Vice President of Metropolitan Bank Holding Corp. (MCB), reported transactions on October 17, 2025.
• Rosenberg sold 586 shares of common stock at a weighted average price of $72.4193 per share, with prices ranging from $71.9600 to $72.9000.
• An additional 39 shares of common stock were sold at a weighted average price of $73.2155 per share, with prices ranging from $72.9800 to $73.5950.
• These sales were executed pursuant to a Rule 10b5-1 trading arrangement adopted on June 6, 2025.
• Following these transactions, Rosenberg directly beneficially owns 27,714 shares of common stock.
• Indirect beneficial ownership includes 250 shares by Child 1, 250 shares by Child 2, and 20 shares by Child 3.
• The reported holdings 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.
• A previous error in reporting 230 indirectly-held shares has been corrected, and these shares are no longer included in the reporting person's holdings.

Sentiment

Score: 5

Explanation: The sale of shares by an executive is generally neutral to slightly negative, but the fact that it was conducted under a pre-arranged 10b5-1 plan mitigates potential negative interpretations, suggesting planned liquidity rather than a reaction to new negative information.

Positives

• Sales were conducted under a pre-arranged Rule 10b5-1 trading plan, indicating planned liquidity for personal financial management rather than a reactive decision based on new information.

Negatives

• An Executive Vice President sold a total of 625 shares of company common stock, which could be perceived as a reduction in insider confidence, despite being pre-planned.

Risks

• Insider selling, even under a 10b5-1 plan, can sometimes be perceived negatively by the market, potentially impacting investor sentiment or creating downward pressure on the stock price.

Future Outlook

NA

Industry Context

This filing reflects routine insider trading disclosure for an executive at a bank holding corporation. Such transactions are common for executives managing personal finances and equity compensation, especially when conducted under pre-arranged 10b5-1 plans. The banking industry often sees executives with significant equity holdings, making these disclosures a regular part of market transparency.

Stakeholder Impact

• Shareholders: Disclosure of insider selling provides transparency regarding executive stock ownership and trading activity, which can influence investor sentiment.

Next Steps

• Continued vesting of restricted stock units granted on March 1, 2023, March 1, 2024, and March 1, 2025, with vesting commencing on March 1, 2024, March 1, 2025, and March 1, 2026, respectively.

Key Dates

Keywords

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