MetroCity Bankshares (MCBS) director corrects Form 4 holdings
Rhea-AI Filing Summary
MetroCity Bankshares, Inc. director John Paek filed an amended Form 4 to correct previously reported ownership, rather than to report new trades. The amendment shows he now holds 200,000 shares of common stock indirectly through a trust and 35,821 shares directly.
These entries are categorized as holdings with unknown transaction codes, and the filing notes that an earlier Form 4 had reported an incorrect amount of common stock directly owned. The update clarifies his current direct and indirect positions without indicating any recent buying or selling activity.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Paek John
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 35,821 shares (Direct);
Common Stock — 200,000 shares (Indirect, By Trust)
Footnotes (1)
- F1. Prior Form 4 included the incorrect amount of common stock directly owned by the Reporting Person.
Key Figures
Indirect ownership: 200,000 shares
Direct ownership: 35,821 shares
Unknown transaction entries: 2 entries
+1 more
4 metrics
Indirect ownership
200,000 shares
Common Stock held indirectly by trust after amendment
Direct ownership
35,821 shares
Common Stock held directly after amendment
Unknown transaction entries
2 entries
Holdings with unknown transaction codes in Form 4/A
Holding entries
2 holdings
All reported records categorized as holding entries
Key Terms
Form 4/A, Common Stock, indirect ownership, By Trust, +1 more
5 terms
Form 4/A regulatory
"director John Paek filed an amended Form 4 to correct previously reported ownership"
Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.
Common Stock financial
"The amendment shows he now holds 200,000 shares of common stock indirectly"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
indirect ownership financial
"he now holds 200,000 shares of common stock indirectly through a trust"
By Trust financial
"200,000 MetroCity Bankshares common shares indirectly through a trust and 35,821 shares directly"
directly owned financial
"a prior filing included an incorrect amount of common stock directly owned by John Paek"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What is the difference between direct and indirect ownership in this MCBS filing?
Direct ownership refers to shares held personally in John Paek’s name, totaling 35,821 shares. Indirect ownership refers to 200,000 shares held "By Trust," meaning a trust associated with him holds those shares, rather than Paek holding them directly in his own account.
Does the Form 4/A for MCBS mention any derivative securities for John Paek?
The amended Form 4 shows no derivative securities for John Paek. Its derivative summary is empty, indicating there are no disclosed options, warrants, or other derivatives associated with him in this filing, only common stock positions held directly and indirectly.