MetroCity Bankshares (MCBS) director receives 735-share restricted stock grant

Rhea-AI Filing Summary

Glover Frank reported acquisition or exercise transactions in this Form 4 filing.

MetroCity Bankshares director Frank Glover received a restricted stock grant of 735 shares of Common Stock at $32.66 per share. The award vests 25% on the grant date and 25% annually over a three-year period beginning on June 1, 2026. Following this compensation-related award, Glover directly holds 203,825 shares of MetroCity Bankshares common stock, so the grant represents a small addition to his existing position rather than an open-market purchase.

Insider Trade Summary

Net Buyer: 735 shares

Net Buy 1 txn

Insider Glover Frank

Role Director

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

Holdings After Transaction: Common Stock — 203,825 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 reference price: $32.66 per share Shares held after grant: 203,825 shares +2 more

5 metrics

Restricted shares granted 735 shares Restricted stock award to director Frank Glover

Grant reference price $32.66 per share Recorded price for the 735-share restricted award

Shares held after grant 203,825 shares Frank Glover direct Common Stock holdings after transaction

Initial vesting portion 25% Vests on grant date

Annual vesting installments 25% per year Annually over three years beginning June 1, 2026

Key Terms

restricted stock award, vesting period, Common Stock

3 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.

Common Stock financial

"security_title: "Common Stock" and 735 shares of Common Stock"

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/02/2026 - 02:33 PM Accepted by SEC EDGAR 06/02/2026 - 02:32 PM Learn about SEC filing dates

FAQ

What insider transaction did MetroCity Bankshares (MCBS) report for Frank Glover?

MetroCity Bankshares reported that director Frank Glover received a grant of 735 shares of Common Stock. This was a restricted stock award treated as compensation, not an open-market purchase, and increased his direct holdings in the company modestly.

How many MetroCity Bankshares (MCBS) shares does Frank Glover hold after this grant?

After the restricted stock award, director Frank Glover directly holds 203,825 shares of MetroCity Bankshares Common Stock. This figure includes the newly granted 735 shares and shows that the award is relatively small compared with his overall position.

What are the vesting terms of Frank Glover’s MetroCity Bankshares (MCBS) restricted stock award?

The restricted stock award to Frank Glover vests 25% on the grant date, with the remaining 75% vesting in equal 25% installments annually over a three-year vesting period starting on June 1, 2026, aligning payout with continued service.

Was Frank Glover’s MetroCity Bankshares (MCBS) transaction an open-market stock purchase?

No, the transaction was not an open-market purchase. It was classified as a grant or award acquisition of 735 restricted shares of Common Stock, reflecting equity-based compensation rather than a discretionary buy in the public market.

What price per share is associated with Frank Glover’s MetroCity Bankshares (MCBS) stock grant?

The restricted stock grant to Frank Glover is recorded at $32.66 per share for 735 shares of Common Stock. This value provides a reference for the grant’s size but does not indicate an open-market trading price paid by Glover.

Does the Form 4 for MetroCity Bankshares (MCBS) show any stock sales by Frank Glover?

The Form 4 shows no stock sales by Frank Glover. It reports only one transaction, an acquisition of 735 restricted shares as a grant, with no dispositions, exercises, gifts, or tax-withholding 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^*

Glover Frank

(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	203,825	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)