MetroCity Bankshares (MCBS) EVP awarded 21,840 restricted shares at $32.66

Rhea-AI Filing Summary

MetroCity Bankshares Executive Vice President Kim Howard Hwasaeng received a grant of 21,840 shares of common stock as a restricted stock award at $32.66 per share. This is a compensation-related acquisition reported as a Form 4 insider filing, not an open-market purchase.

The award vests 25% on the grant date and then 25% annually over a three-year vesting period beginning on June 1, 2026, tying much of the benefit to continued service. After this grant, Hwasaeng directly holds 669,141 common shares, and an additional 8,487 shares are held indirectly through a spouse.

Insights

Equity compensation analyst

Routine equity grant increases EVP's vested and unvested stake.

Executive Vice President Kim Howard Hwasaeng received 21,840 restricted shares of MetroCity Bankshares common stock at $32.66 per share. This is coded as a grant/award, indicating stock-based compensation rather than an open-market purchase.

The footnote shows a vesting schedule: 25% vests immediately, with the remaining 75% vesting in equal 25% installments annually over a three-year period beginning on June 1, 2026. This structure encourages retention and aligns incentives with future company performance.

Following the grant, Hwasaeng holds 669,141 shares directly and 8,487 shares indirectly via a spouse. In the absence of sales or option exercises, this filing mainly updates investors on the scale and terms of one executive's equity compensation, a generally routine governance and compensation practice.

Insider Trade Summary

Net Buyer: 21,840 shares

Net Buy 2 txns

Insider Kim Howard Hwasaeng

Role Executive Vice President

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	21,840	$32.66	$713K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 669,141 shares (Direct); Common Stock — 8,487 shares (Indirect, By Spouse)

Footnotes (1)

1. F1. The restricted stock award vests 25% on the grant date then 25% annually over a three-year vesting period beginning on June 1, 2026.

Key Figures

Restricted shares granted: 21,840 shares Grant price: $32.66 per share Direct holdings after grant: 669,141 shares +3 more

6 metrics

Restricted shares granted 21,840 shares Grant of common stock to EVP on June 1, 2026

Grant price $32.66 per share Price used for the restricted stock award

Direct holdings after grant 669,141 shares Common stock directly owned following the award

Indirect holdings by spouse 8,487 shares Common stock held indirectly through spouse

Initial vesting portion 25% Portion of restricted stock vesting on grant date

Annual vesting over 3 years 25% per year Annual vesting installments starting June 1, 2026

Key Terms

restricted stock award, vesting period, indirect ownership, Form 4 insider filing

4 terms

restricted stock award financial

"The restricted stock award vests 25% on the grant date"

A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.

vesting period financial

"over a three-year vesting period beginning on June 1, 2026"

A vesting period is the set amount of time someone must wait before they fully own granted shares, stock options, or other equity tied to their work or an agreement; ownership increases gradually or in steps during that time. Investors care because vesting determines when insiders or employees can sell shares, which affects future supply of stock, company incentives and executive retention—think of it like unlocking ownership over installments rather than receiving it all at once.

indirect ownership financial

"directly holds 669,141 common shares, and an additional 8,487 shares are held indirectly"

Form 4 insider filing regulatory

"This is a compensation-related acquisition reported as a Form 4 insider filing"

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

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Available on EDGAR 06/02/2026 - 05:11 PM Accepted by SEC EDGAR 06/02/2026 - 05:10 PM Learn about SEC filing dates

FAQ

What insider transaction did MetroCity Bankshares (MCBS) report for Kim Howard Hwasaeng?

MetroCity Bankshares reported that Executive Vice President Kim Howard Hwasaeng received a grant of 21,840 restricted shares of common stock at $32.66 per share. This is stock-based compensation, not an open-market purchase, and increases his reported direct share ownership.

How do the newly granted MCBS restricted shares vest for Kim Howard Hwasaeng?

The 21,840-share restricted stock award vests 25% on the grant date, then 25% annually over a three-year vesting period beginning June 1, 2026. This schedule spreads the economic benefit over several years, tying most of the award to continued employment.

How many MetroCity Bankshares (MCBS) shares does Kim Howard Hwasaeng hold after this Form 4?

After the grant, Kim Howard Hwasaeng directly holds 669,141 shares of MetroCity Bankshares common stock. The filing also reports 8,487 additional shares held indirectly through his spouse, reflecting both direct and indirect ownership positions.

Was the MCBS Form 4 transaction a stock purchase or a compensation grant?

The Form 4 reports a compensation grant, not a market purchase. The transaction is coded as an award acquisition of 21,840 restricted shares at $32.66 per share, consistent with an equity compensation grant to the Executive Vice President.

Does the MCBS Form 4 show any stock sales by Kim Howard Hwasaeng?

The Form 4 does not report any stock sales by Kim Howard Hwasaeng. It shows one grant of 21,840 restricted shares and an updated indirect holding of 8,487 shares by his spouse, with no sale transactions disclosed in this filing.

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^*

Kim Howard Hwasaeng

(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
X	Officer (give title below)		Other (specify below)
	Executive Vice President

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)

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	06/01/2026		A(1)		21,840	A	$32.66	669,141	D
Common Stock								8,487	I	By Spouse

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. The restricted stock award vests 25% on the grant date then 25% annually over a three-year vesting period beginning on June 1, 2026.

	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)