MetroCity director updates share holdings

MetroCity Bankshares, Inc. director John Paek filed an amended Form 4 to correct previously reported ownership, rather than to report new trades.

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.

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)

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"

FAQ

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

What does MetroCity Bankshares (MCBS) director John Paek’s amended Form 4 report?

The amended Form 4 updates John Paek’s reported share ownership in MetroCity Bankshares. It corrects earlier data on his directly owned shares and clarifies his indirect holdings through a trust, without indicating any new purchases or sales of common stock.

Did John Paek buy or sell MetroCity Bankshares (MCBS) shares in this Form 4/A?

The Form 4/A does not show new purchases or sales of MetroCity Bankshares shares. It lists holdings with unknown transaction codes, focusing on correcting previously misreported direct ownership rather than recording fresh trading activity in the company’s common stock.

How many MetroCity Bankshares (MCBS) shares does John Paek now report owning?

John Paek now reports owning 200,000 MetroCity Bankshares common shares indirectly through a trust and 35,821 shares directly. These figures replace an earlier, incorrect direct-ownership amount and present his updated positions as of the transaction date shown in the filing.

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.

Why was John Paek’s MetroCity Bankshares (MCBS) Form 4 amended?

The Form 4 was amended because a prior filing included an incorrect amount of common stock directly owned by John Paek. This amended version corrects that error and restates his direct and indirect holdings, improving the accuracy of disclosed insider ownership information for investors.

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.

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

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Accepted by SEC EDGAR 06/02/2026 - 06:23 PM EDT Learn about SEC filing dates

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Paek John

(Last) (First) (Middle)

C/O METROCITY BANKSHARES, INC.

5114 BUFORD HIGHWAY

(Street)

DORAVILLE GEORGIA 30340

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
06/02/2026

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								35,821(1)	D
Common Stock								200,000(1)	I	By Trust

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. Prior Form 4 included the incorrect amount of common stock directly owned by the Reporting Person.

	Nack Peck, attorney in fact	06/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)