MetroCity Bankshares (MCBS) director awarded 735 restricted shares in Form 4 filing

Rhea-AI Filing Summary

Leung Don reported acquisition or exercise transactions in this Form 4 filing.

MetroCity Bankshares director Don Leung received a grant of 735 shares of Common Stock valued at $32.66 per share. This restricted stock award vests 25% immediately on the grant date and then 25% annually over three years starting on June 1, 2026. After this award, Leung directly holds 817,330 shares, so the grant is small relative to his existing position and reflects routine equity-based compensation rather than an open-market purchase.

Insights

Equity compensation analyst

Director received a small routine stock grant as equity compensation.

Director Don Leung was granted 735 shares of MetroCity Bankshares Common Stock as a restricted stock award at $32.66 per share. This is classified as a grant or award acquisition, not an open-market purchase.

The award vests 25% on the grant date, then 25% annually over a three-year period beginning on June 1, 2026, which encourages ongoing board service. After the grant, Leung directly holds 817,330 shares, indicating this is a modest addition to an already substantial stake.

Insider Trade Summary

Net Buyer: 735 shares

Net Buy 1 txn

Insider Leung Don

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	735	$32.66	$24K

Holdings After Transaction: Common Stock — 817,330 shares (Direct)

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: 735 shares Grant price: $32.66 per share Total shares after grant: 817,330 shares +2 more

5 metrics

Restricted shares granted 735 shares Common Stock grant to director Don Leung

Grant price $32.66 per share Reported value for restricted stock award

Total shares after grant 817,330 shares Direct holdings following award

Immediate vesting portion 25% of award Vests on grant date

Remaining vesting period 3 years 25% annually from June 1, 2026

Key Terms

Common Stock, restricted stock award, vesting period, grant, award, or other acquisition

4 terms

Common Stock financial

"The restricted stock award consists of Common Stock granted to the director."

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.

restricted stock award financial

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

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

"Vests 25% annually 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.

grant, award, or other acquisition financial

"The transaction code description notes this as a grant, award, or other acquisition."

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/02/2026 - 04:19 PM Accepted by SEC EDGAR 06/02/2026 - 04:18 PM Learn about SEC filing dates

FAQ

What insider transaction did MetroCity Bankshares (MCBS) report for Don Leung?

MetroCity Bankshares reported that director Don Leung received a grant of 735 shares of Common Stock. The shares were awarded as restricted stock at $32.66 per share, increasing his direct ownership to 817,330 shares after the transaction.

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

The MCBS Form 4 shows a grant or award acquisition, not an open-market purchase. Director Don Leung received 735 restricted shares of Common Stock as equity compensation, coded as transaction type “A” for a grant, award, or other acquisition.

What is the vesting schedule for Don Leung’s restricted stock award at MCBS?

The restricted stock award to Don Leung vests 25% on the grant date, then 25% annually over a three-year period starting on June 1, 2026. This staggered vesting structure is designed to support continued service and long-term alignment.

How many MetroCity Bankshares (MCBS) shares does Don Leung own after this Form 4?

After the reported grant, Don Leung directly owns 817,330 shares of MetroCity Bankshares Common Stock. The new restricted award of 735 shares is relatively small compared with this total, indicating a modest increase in his already significant equity position.

What price was used for the restricted stock grant reported by MCBS?

The Form 4 lists a value of $32.66 per share for the 735-share restricted stock award to director Don Leung. This figure reflects the price used for reporting purposes on the grant date, rather than an open-market trading price from a purchase or sale.

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^*

Leung Don

(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)

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)		735	A	$32.66	817,330	D

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	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)