MetroCity Bank Director David Shim Reveals $2.1M Initial Stock Holdings

MetroCity Bankshares (MCBS) filed a Form 3 reporting the initial beneficial ownership of securities for David S. Shim, who has joined as a Director of the company.

Rhea-AI Filing Summary

MetroCity Bankshares (MCBS) filed a Form 3 reporting the initial beneficial ownership of securities for David S. Shim, who has joined as a Director of the company. The filing date is June 28, 2025, with the event date being June 18, 2025.

Key ownership details:

• Direct ownership of 105,847 shares of common stock
• No derivative securities (options, warrants, etc.) reported
• Filing submitted individually, not as part of a group

The Form 3 was signed by Lucas Stewart as attorney in fact for David S. Shim. This initial disclosure is required under Section 16(a) of the Securities Exchange Act of 1934 for new company insiders. The filing establishes Mr. Shim's baseline ownership position as he assumes his director role.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Shim David S.

Role Director

Type	Security	Shares	Price	Value
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 105,847 shares (Direct)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares of MCBS stock does David S. Shim own directly?

According to the Form 3 filing dated June 28, 2025, David S. Shim directly owns 105,847 shares of MCBS common stock.

What position does David S. Shim hold at MetroCity Bankshares (MCBS)?

According to the Form 3 filing, David S. Shim serves as a Director of MetroCity Bankshares, Inc. (MCBS), as indicated by the 'X' marked in the Director box under Section 4 of the form.

Does David Shim own any derivative securities of MCBS?

No, according to Table II of the Form 3 filing, David S. Shim does not own any derivative securities (such as options, warrants, or convertible securities) of MetroCity Bankshares (MCBS).

When was David Shim's initial beneficial ownership filing (Form 3) submitted for MCBS?

The Form 3 initial statement of beneficial ownership was filed on June 28, 2025, with the event requiring the statement occurring on June 18, 2025.

Is David Shim a 10% owner of MetroCity Bankshares (MCBS)?

No, the Form 3 filing shows that David S. Shim is not a 10% owner of MCBS, as the '10% Owner' box is not checked in Section 4 of the form.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/18/2025 - 07:31 PM Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Shim David S.

(Last) (First) (Middle)

C/O METROCITY BANKSHARES, INC.

5114 BUFORD HIGHWAY

(Street)

DORAVILLE GA 30340

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
06/18/2025

3. Issuer Name and Ticker or Trading Symbol
MetroCity Bankshares, Inc. [ MCBS ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	105,847	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	/s/ Lucas Stewart, attorney in fact	06/18/2025
	** 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 5 (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.