Don Leung - 16 Jul 2024 Form 4 Insider Report for MetroCity Bankshares, Inc. (MCBS)

Role
Director
Signature
/s/ Lucas Stewart, attorney in fact
Issuer symbol
MCBS
Transactions as of
16 Jul 2024
Net transactions value
-$3,535,893
Form type
4
Filing time
18 Jul 2024, 14:05:49 UTC
Previous filing
16 Jul 2024
Next filing
24 Jul 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCBS Common Stock Sale $1,582,595 -55,413 -5.3% $28.56 999,788 16 Jul 2024 Direct
transaction MCBS Common Stock Sale $1,953,297 -68,321 -6.8% $28.59 931,467 17 Jul 2024 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Remarks:

The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 Trading Plan adopted by the Reporting Person on May 9, 2023