Metropolitan Bank Director Trims 2.5% of Direct Stake in Form 4 Filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Metropolitan Bank Holding Corp (NYSE:MCB) submitted a routine Form 4 reporting that director Robert C. Patent sold 2,000 shares of common stock on June 18 2025 at an average price of $65.606, generating proceeds of roughly $131 thousand.
After the transaction, Patent retains 79,183 shares in direct ownership and a combined 86,829 shares held indirectly through a partnership (69,004 shares), a profit-sharing plan (14,445 shares) and a power-of-attorney arrangement over a sibling’s account (3,380 shares). The sale represents about 2.5 percent of his directly-held stake and does not materially change his overall economic exposure to the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,000 shares ($131,212)
Net Sell
4 txns
Insider
PATENT ROBERT C
Role
Director
Sold
2,000 shs ($131K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,000 | $65.606 | $131K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 79,183 shares (Direct);
Common Stock — 69,004 shares (Indirect, By Partnership)
Footnotes (1)
- Includes restricted stock units that vest 100% on January 27, 2026. The Reporting Person maintains a power of attorney granted by the Reporting Person's sibling with respect to these shares, including voting power over the shares. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
FAQ
What is Robert C. Patent’s remaining ownership in MCB after the reported sale?
He now owns 79,183 shares directly and 86,829 shares indirectly via partnership, profit-sharing plan and power-of-attorney arrangements.