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Insider Notice: 4,796 MCB Shares to Be Sold (Form 144)

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

The filing is a Form 144 notification for the proposed sale of 4,796 shares of common stock to be executed on or about 08/19/2025 on the NYSE. The filing lists an aggregate market value of $347,228.36 and reports 10,421,384 shares outstanding. The 4,796 shares were acquired through restricted stock vesting on three dates—12/31/2021 (1,296 shares), 02/01/2023 (1,000 shares) and 01/24/2025 (2,500 shares)—and were issued as fees for service as director. The broker listed for the sale is Osaic Wealth, Inc., with an address in Red Bank, NJ. The filer certifies they are not aware of any undisclosed material adverse information about the issuer.

Positive

  • Full disclosure of planned insider sale under Rule 144 for compliance purposes
  • All shares originated from restricted stock vesting paid as fees for service as director, clearly documented
  • Aggregate value provided: $347,228.36 and exchange specified as NYSE

Negative

  • None.

Insights

TL;DR: Routine director stock sale; size is immaterial to outstanding shares and indicates compensation converted to liquid shares.

The filing documents a proposed sale of 4,796 shares representing approximately 0.046% of the 10,421,384 shares outstanding, with an aggregate value of $347,228.36. All shares were acquired via restricted stock vesting as director fees across three vesting events, so this appears to be a planned monetization of compensation rather than a sale prompted by company-specific news. The use of a broker (Osaic Wealth, Inc.) and the Form 144 notice indicates compliance with Rule 144 transfer requirements for an insider sale.

TL;DR: Standard insider disclosure consistent with director compensation vesting and planned sale under Rule 144.

The schedule shows the securities originated from restricted stock vesting tied to director fees on 12/31/2021, 02/01/2023, and 01/24/2025. The filer’s signature block includes the required representation about absence of undisclosed material adverse information. This filing satisfies disclosure obligations for an insider disposal and contains no governance red flags (e.g., accelerated or unusual stock grants) in the disclosed entries.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

What does the Form 144 filed for MCB disclose?

The filing discloses a proposed sale of 4,796 common shares with an aggregate market value of $347,228.36, to be sold on or about 08/19/2025 on the NYSE.

How were the 4,796 shares acquired according to the filing?

All shares were acquired via restricted stock vesting: 1,296 on 12/31/2021, 1,000 on 02/01/2023, and 2,500 on 01/24/2025, issued as director fees.

Who is the broker listed for the proposed sale?

Osaic Wealth, Inc. at 125 Half Mile Road, Suite 102, Red Bank, NJ is listed as the broker for the transaction.

What portion of outstanding shares does the sale represent?

The sale is 4,796 shares out of 10,421,384 outstanding shares, which is approximately 0.046% of shares outstanding.

Does the filer assert any undisclosed material information?

The filer represents they do not know of any material adverse information about the issuer that has not been publicly disclosed.
Metropolitan Bank

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