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

Metropolitan Bank Holding Corp. Executive Vice President Nick Rosenberg sold 625 shares of common stock for $80.4104 per share under a pre-arranged trading plan.

Summary

• Nick Rosenberg, Executive Vice President of Metropolitan Bank Holding Corp. (MCB), reported the sale of 625 shares of common stock.
• The transaction occurred on December 10, 2025, at a weighted average price of $80.4104 per share, with individual sales ranging from $80.2900 to $80.5700.
• The sale was executed pursuant to a Rule 10b5-1 trading arrangement adopted by Mr. Rosenberg on June 6, 2025.
• Following the transaction, Mr. Rosenberg directly beneficially owns 27,089 shares of common stock.
• He also indirectly beneficially owns 250 shares via Child 1, 250 shares via Child 2, and 20 shares via Child 3.
• His beneficial ownership includes 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 sentiment is neutral as this is a routine, pre-planned insider transaction under a Rule 10b5-1 plan, which typically does not indicate a significant change in company fundamentals or executive confidence.

Positives

• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, adopted on June 6, 2025, indicating a planned and orderly transaction rather than an immediate reaction to new information.

Negatives

• An Executive Vice President sold 625 shares of common stock, which represents a reduction in direct insider ownership.

Risks

• While the sale was pre-planned, any insider selling, even routine, can sometimes be misinterpreted by the market as a lack of confidence, potentially leading to minor negative sentiment.

Future Outlook

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

Industry Context

This is a routine insider transaction report and does not provide information directly related to broader industry trends or competitive landscape.

Related Party Transactions

• The filing notes indirect beneficial ownership of shares by the reporting person's children (Child 1, Child 2, Child 3).

Stakeholder Impact

• Shareholders: A minor reduction in insider ownership, which is generally viewed neutrally given the pre-planned nature of the sale under a 10b5-1 plan.
• Management: The Executive Vice President continues to hold a significant number of shares and restricted stock units, maintaining alignment with shareholder interests.

Next Steps

• Ongoing vesting of restricted stock units granted on March 1, 2023, March 1, 2024, and March 1, 2025, at a rate of 33.3% per year.

Key Dates

Recommendation

This Form 4 reports a routine, pre-planned sale of a relatively small number of shares by an executive, executed under a Rule 10b5-1 trading arrangement. Such transactions are generally not indicative of a change in the company's fundamental outlook or the executive's long-term confidence, and therefore do not warrant a change in investment recommendation based solely on this filing.

Keywords

Metropolitan Bank Holding Corp, MCB, insider trading, Form 4, stock sale, executive compensation, Nick Rosenberg, 10b5-1 plan, restricted stock units