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

Role
Director
Signature
/s/ Lucas Stewart, attorney in fact
Stock symbol
MCBS
Transactions as of
Jul 16, 2024
Transactions value $
-$3,535,893
Form type
4
Date filed
7/18/2024, 02:05 PM
Previous filing
Jul 16, 2024
Next filing
Jul 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MCBS Common Stock Sale -$1.58M -55.4K -5.25% $28.56 1M Jul 16, 2024 Direct
transaction MCBS Common Stock Sale -$1.95M -68.3K -6.83% $28.59 931K Jul 17, 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