MetroCity Bankshares (MCBS) director updates Form 4/A to correct share ownership
Rhea-AI Filing Summary
MetroCity Bankshares, Inc. director Frank Glover filed an amended Form 4 to correct his reported share ownership. The filing indicates he now directly holds 3,825 shares of common stock and indirectly holds 200,000 shares through a trust. The footnote explains that a prior Form 4 had shown an incorrect amount of common stock directly owned, so this amendment updates the record without reporting any new buy or sell transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Glover Frank
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 200,000 shares (Indirect, By Trust);
Common Stock — 3,825 shares (Direct)
Footnotes (1)
- F1. Prior Form 4 included the incorrect amount of common stock directly owned by the Reporting Person.
Key Figures
Direct common shares owned: 3,825 shares
Indirect common shares owned by trust: 200,000 shares
Holding entries in filing: 2 entries
+1 more
4 metrics
Direct common shares owned
3,825 shares
Direct ownership after correction
Indirect common shares owned by trust
200,000 shares
Held indirectly "By Trust"
Holding entries in filing
2 entries
Both coded as holdings with unknown transaction codes
Unknown transaction records
2 records
transactionSummary unknownCount
Key Terms
Form 4/A, indirect ownership, By Trust, common stock
4 terms
Form 4/A regulatory
"Frank Glover filed an amended Form 4 to correct his reported share 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.
indirect ownership financial
"indirectly holds 200,000 shares through a trust."
By Trust financial
"indirect holding of 200,000 shares of common stock held “By Trust”."
common stock financial
"directly holds 3,825 shares of common stock and indirectly holds 200,000 shares."
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the latest Form 4/A for MCBS director Frank Glover report?
The amended Form 4 updates Frank Glover’s ownership totals in MetroCity Bankshares common stock. It corrects a previously misstated direct holding amount and now shows both his direct and trust-held indirect positions, without disclosing any new share purchases or sales.