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.
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.