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Metropolitan Bank (MCB) director files late Form 4 for 20-share gift

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Metropolitan Bank Holding Corp. (MCB) director George J. Wolf Jr. reported a late Form 4 disclosing a gift of 20 shares of the company's common stock on 09/15/2025. The transaction is coded G (gift) at a $0 price and was reported late due to an inadvertent administrative oversight. After the reported disposition, Mr. Wolf beneficially owns 27,715 shares directly, which includes restricted stock units that vest 100% on January 27, 2026. The form was signed by an attorney-in-fact on 09/25/2025. The filing notes Mr. Wolf's role as a director and indicates the gift was to a grandchild.

Positive

  • Disclosure of late filing and explanation provided, demonstrating corrective transparency
  • Remaining beneficial ownership disclosed (27,715 shares) and RSU vesting date (January 27, 2026) are clearly stated

Negative

  • Late reporting of the Section 16 transaction due to an administrative oversight
  • Use of attorney-in-fact indicates delegated filing responsibility, which can lead to timing lapses if not properly managed

Insights

TL;DR: Small, non-economic insider gift; no material change to ownership or control.

The reported disposition of 20 shares via gift is immaterial relative to the reporter's remaining 27,715 shares and does not affect control or major holdings in MCB. The late filing is disclosed as an administrative oversight; such tardiness is common for de minimis transfers but should be corrected promptly to meet Section 16 timing expectations. The presence of RSUs vesting 100% on January 27, 2026 indicates forthcoming potential share delivery that will increase reported holdings upon vesting and any subsequent Form 4 reporting if shares are transferred or sold.

TL;DR: Governance signal is minor; timely disclosure practices are the main takeaway.

The transaction is a small, documented gift to a family member and does not raise conflict concerns. The filing acknowledges a tardy report, which is a procedural lapse rather than a substantive governance issue in isolation. Directors and their compliance teams should ensure internal controls prevent late Section 16 filings to avoid regulatory attention. The signature by an attorney-in-fact shows reliance on delegated filing authority, which is typical but underscores the need for oversight of delegated processes.

Insider Wolf George J Jr
Role Director
Type Security Shares Price Value
Gift Common Stock 20 $0.00 --
Holdings After Transaction: Common Stock — 27,715 shares (Direct)
Footnotes (1)
  1. This transaction is being reported late due to an inadvertent administrative oversight. Represents shares of Metropolitan Bank Holding Corp. common stock that the Reporting Person gifted to a grandchild. Includes restricted stock units that vest 100% on January 27, 2026.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Wolf George J Jr
(Last) (First) (Middle)
99 PARK AVENUE
(Street)
NEW YORK NY 10016
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Metropolitan Bank Holding Corp. [ MCB ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/15/2025 G 20(1) D $0 27,715(2) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. This transaction is being reported late due to an inadvertent administrative oversight. Represents shares of Metropolitan Bank Holding Corp. common stock that the Reporting Person gifted to a grandchild.
2. Includes restricted stock units that vest 100% on January 27, 2026.
/s/ Zachary Levine, Attorney-in-Fact 09/25/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did George J. Wolf Jr. report on the Form 4 for MCB?

He reported a gift of 20 shares of Metropolitan Bank Holding Corp. common stock dated 09/15/2025, coded G, at $0.

How many MCB shares does George J. Wolf Jr. beneficially own after the transaction?

The Form 4 reports he beneficially owns 27,715 shares following the reported transaction.

Were any restricted awards disclosed in the Form 4 for MCB?

Yes. The filing states it includes restricted stock units that vest 100% on January 27, 2026.

Why was the Form 4 for MCB filed late?

The filing explains the transaction was reported late due to an inadvertent administrative oversight.

Who signed the Form 4 for George J. Wolf Jr.?

The Form 4 was signed by an attorney-in-fact, Zachary Levine, on 09/25/2025.