Shareholder in Metropolitan Commercial Bank (MCB) files to sell 4,445 shares
Rhea-AI Filing Summary
Metropolitan Commercial Bank (symbol: MCB) has a shareholder planning to sell common stock under SEC Rule 144. The notice covers a proposed sale of 4,445 shares of common stock through J.P. Morgan Securities LLC on the NYSE, with an aggregate market value of 422,053. The issuer has 10,298,002 shares of common stock outstanding.
The seller previously acquired 1,111 shares on 05/21/2015 and 3,334 shares on 12/31/2011 through open-market purchases paid in cash. Over the past three months, The Robert C Patent Declaration of Trust sold 10,000 common shares for gross proceeds of 949,929. By signing the notice, the seller represents that they are not aware of any undisclosed material adverse information about the issuer’s current or prospective operations.
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FAQ
What does the Form 144 filing for MCB disclose?
The Form 144 filing for MCB discloses that a shareholder intends to sell 4,445 shares of Metropolitan Commercial Bank common stock under SEC Rule 144, using J.P. Morgan Securities LLC as broker on the NYSE.
How many MCB shares are planned to be sold and at what market value?
The notice covers a planned sale of 4,445 common shares of MCB with an aggregate market value of 422,053 as shown in the filing’s securities information table.
How many Metropolitan Commercial Bank shares are outstanding?
The filing states that the issuer has 10,298,002 shares of common stock outstanding, providing context for the size of the planned Rule 144 sale.
How and when were the MCB shares in this Form 144 acquired?
The securities to be sold were acquired through open-market purchases, including 1,111 shares on 05/21/2015 and 3,334 shares on 12/31/2011, both paid in cash according to the acquisition table.
What MCB share sales occurred in the past three months by this seller?
The filing lists that The Robert C Patent Declaration of Trust sold 10,000 common shares of MCB on 01/22/2026 for gross proceeds of 949,929 during the past three months.
What representation does the seller make about MCB’s information?
By signing the notice, the person for whose account the securities are to be sold represents that they do not know of any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed.