[8-K] RLI Corp. Reports Material Event
Metropolitan Bank Holding Corp. (MCB) filed a Form 144 signaling a prospective insider sale. Seller: Scott Lublin. Planned sale: up to 5,000 common shares through Fidelity Brokerage Services on or about 21 Jul 2025. Based on the indicated price, the transaction is valued at $393,222. With 10.66 million shares outstanding, the notice covers roughly 0.05 % of the float, a de-minimis level.
The shares originated from a restricted-stock vesting event on 18 Mar 2021 and were received as compensation. The filer already disposed of 5,000 shares on 20 Jun 2025, generating gross proceeds of $325,126. Form 144 is a notification only; the full amount may or may not be sold.
Because of the transaction’s small size and routine nature, the filing is unlikely to be materially impactful for most investors, but it provides incremental insight into the insider’s liquidity actions and potential sentiment.
Metropolitan Bank Holding Corp. (MCB) ha presentato un Modulo 144 che segnala una possibile vendita da parte di un insider. Venditore: Scott Lublin. Vendita prevista: fino a 5.000 azioni ordinarie tramite Fidelity Brokerage Services intorno al 21 luglio 2025. Basandosi sul prezzo indicato, la transazione ha un valore di 393.222 $. Con 10,66 milioni di azioni in circolazione, la notifica riguarda circa lo 0,05% del flottante, una quantità trascurabile.
Le azioni provengono da un evento di vesting di azioni vincolate avvenuto il 18 marzo 2021 e sono state ricevute come compenso. Il dichiarante ha già venduto 5.000 azioni il 20 giugno 2025, generando un ricavo lordo di 325.126 $. Il Modulo 144 è solo una notifica; l'intera quantità potrebbe non essere venduta.
Data la dimensione ridotta e la natura abituale della transazione, la comunicazione è probabilmente priva di impatto rilevante per la maggior parte degli investitori, ma offre un'ulteriore visione sulle azioni di liquidità e il potenziale sentimento dell'insider.
Metropolitan Bank Holding Corp. (MCB) presentó un Formulario 144 que señala una posible venta por parte de un insider. Vendedor: Scott Lublin. Venta planificada: hasta 5.000 acciones comunes a través de Fidelity Brokerage Services alrededor del 21 de julio de 2025. Según el precio indicado, la transacción está valorada en 393.222 $. Con 10,66 millones de acciones en circulación, el aviso cubre aproximadamente el 0,05 % del float, un nivel insignificante.
Las acciones provienen de un evento de vesting de acciones restringidas ocurrido el 18 de marzo de 2021 y se recibieron como compensación. El declarante ya vendió 5.000 acciones el 20 de junio de 2025, generando ingresos brutos de 325.126 $. El Formulario 144 es solo una notificación; la cantidad total puede o no ser vendida.
Debido al pequeño tamaño y la naturaleza rutinaria de la transacción, la presentación es poco probable que tenga un impacto material para la mayoría de los inversores, pero ofrece una visión adicional sobre las acciones de liquidez y el posible sentimiento del insider.
Metropolitan Bank Holding Corp. (MCB)는 내부자 매각 가능성을 알리는 Form 144를 제출했습니다. 판매자: Scott Lublin. 예정 매각: 2025년 7월 21일경 Fidelity Brokerage Services를 통해 최대 5,000 보통주 매각 예정입니다. 표시된 가격을 기준으로 거래 가치는 393,222달러입니다. 1,066만 주가 유통 중인 가운데, 이 통지는 유통 주식의 약 0.05%에 해당하며 미미한 수준입니다.
이 주식은 2021년 3월 18일 제한 주식 권리 확정(vesting) 이벤트에서 발생했으며 보상으로 받은 것입니다. 신고자는 이미 2025년 6월 20일에 5,000주를 매각하여 총 325,126달러의 수익을 올렸습니다. Form 144는 단순 알림이며, 전체 수량이 매각될 수도, 아닐 수도 있습니다.
거래 규모가 작고 일상적인 성격이므로 이번 제출은 대부분 투자자에게 중대한 영향력을 미칠 가능성은 낮지만, 내부자의 유동성 행동과 잠재적 심리에 대한 추가적인 통찰을 제공합니다.
Metropolitan Bank Holding Corp. (MCB) a déposé un formulaire 144 signalant une éventuelle vente par un initié. Vendeur : Scott Lublin. Vente prévue : jusqu'à 5 000 actions ordinaires via Fidelity Brokerage Services aux alentours du 21 juillet 2025. Sur la base du prix indiqué, la transaction est évaluée à 393 222 $. Avec 10,66 millions d’actions en circulation, l’avis couvre environ 0,05 % du flottant, un niveau négligeable.
Les actions proviennent d’un événement de vesting d’actions restreintes survenu le 18 mars 2021 et ont été reçues en compensation. Le déclarant a déjà cédé 5 000 actions le 20 juin 2025, générant un produit brut de 325 126 $. Le formulaire 144 est uniquement une notification ; la totalité des actions ne sera pas nécessairement vendue.
En raison de la petite taille et du caractère routinier de la transaction, le dépôt est peu susceptible d’avoir un impact significatif pour la plupart des investisseurs, mais il offre un aperçu supplémentaire des actions de liquidité et du sentiment potentiel de l’initié.
Metropolitan Bank Holding Corp. (MCB) hat ein Formular 144 eingereicht, das auf einen möglichen Insider-Verkauf hinweist. Verkäufer: Scott Lublin. Geplanter Verkauf: bis zu 5.000 Stammaktien über Fidelity Brokerage Services am oder um den 21. Juli 2025. Basierend auf dem angegebenen Preis hat die Transaktion einen Wert von 393.222 $. Bei 10,66 Millionen ausstehenden Aktien umfasst die Meldung etwa 0,05 % des Streubesitzes, ein vernachlässigbarer Anteil.
Die Aktien stammen aus einem Restricted-Stock-Vesting-Ereignis am 18. März 2021 und wurden als Vergütung erhalten. Der Melder hat bereits am 20. Juni 2025 5.000 Aktien verkauft und dabei Bruttoerlöse von 325.126 $ erzielt. Formular 144 ist lediglich eine Benachrichtigung; der gesamte Betrag muss nicht unbedingt verkauft werden.
Aufgrund der geringen Größe und routinemäßigen Natur der Transaktion ist die Meldung für die meisten Anleger wahrscheinlich ohne wesentliche Auswirkungen, bietet jedoch zusätzliche Einblicke in die Liquiditätsmaßnahmen und die potenzielle Stimmung des Insiders.
- None.
- None.
Insights
TL;DR: Routine Form 144 for 0.05 % of float; negligible fundamental impact.
The planned 5 K-share sale equates to roughly one half of one-tenth of a percent of outstanding stock. That scale rarely pressures liquidity or signals major strategic change. Valued under $0.4 M, it does not alter capital structure or insider ownership meaningfully. Prior 5 K-share sale in June shows consistent monetisation pace but still leaves overall stake largely intact. I view the filing as informational, not directional; impact on valuation or trading dynamics should be minimal.
TL;DR: Single-insider liquidity event; governance risk unchanged.
Form 144 confirms compliance with Rule 144 disclosure norms. No evidence of undisclosed adverse information is attested. The shares stem from equity compensation, a common incentive vehicle, and sale timing appears scheduled rather than reactive. While repeated disposals can be read as modest bearish sentiment, the magnitude fails the materiality threshold for heightened governance concern. Overall, this is a standard, low-risk insider filing.
Metropolitan Bank Holding Corp. (MCB) ha presentato un Modulo 144 che segnala una possibile vendita da parte di un insider. Venditore: Scott Lublin. Vendita prevista: fino a 5.000 azioni ordinarie tramite Fidelity Brokerage Services intorno al 21 luglio 2025. Basandosi sul prezzo indicato, la transazione ha un valore di 393.222 $. Con 10,66 milioni di azioni in circolazione, la notifica riguarda circa lo 0,05% del flottante, una quantità trascurabile.
Le azioni provengono da un evento di vesting di azioni vincolate avvenuto il 18 marzo 2021 e sono state ricevute come compenso. Il dichiarante ha già venduto 5.000 azioni il 20 giugno 2025, generando un ricavo lordo di 325.126 $. Il Modulo 144 è solo una notifica; l'intera quantità potrebbe non essere venduta.
Data la dimensione ridotta e la natura abituale della transazione, la comunicazione è probabilmente priva di impatto rilevante per la maggior parte degli investitori, ma offre un'ulteriore visione sulle azioni di liquidità e il potenziale sentimento dell'insider.
Metropolitan Bank Holding Corp. (MCB) presentó un Formulario 144 que señala una posible venta por parte de un insider. Vendedor: Scott Lublin. Venta planificada: hasta 5.000 acciones comunes a través de Fidelity Brokerage Services alrededor del 21 de julio de 2025. Según el precio indicado, la transacción está valorada en 393.222 $. Con 10,66 millones de acciones en circulación, el aviso cubre aproximadamente el 0,05 % del float, un nivel insignificante.
Las acciones provienen de un evento de vesting de acciones restringidas ocurrido el 18 de marzo de 2021 y se recibieron como compensación. El declarante ya vendió 5.000 acciones el 20 de junio de 2025, generando ingresos brutos de 325.126 $. El Formulario 144 es solo una notificación; la cantidad total puede o no ser vendida.
Debido al pequeño tamaño y la naturaleza rutinaria de la transacción, la presentación es poco probable que tenga un impacto material para la mayoría de los inversores, pero ofrece una visión adicional sobre las acciones de liquidez y el posible sentimiento del insider.
Metropolitan Bank Holding Corp. (MCB)는 내부자 매각 가능성을 알리는 Form 144를 제출했습니다. 판매자: Scott Lublin. 예정 매각: 2025년 7월 21일경 Fidelity Brokerage Services를 통해 최대 5,000 보통주 매각 예정입니다. 표시된 가격을 기준으로 거래 가치는 393,222달러입니다. 1,066만 주가 유통 중인 가운데, 이 통지는 유통 주식의 약 0.05%에 해당하며 미미한 수준입니다.
이 주식은 2021년 3월 18일 제한 주식 권리 확정(vesting) 이벤트에서 발생했으며 보상으로 받은 것입니다. 신고자는 이미 2025년 6월 20일에 5,000주를 매각하여 총 325,126달러의 수익을 올렸습니다. Form 144는 단순 알림이며, 전체 수량이 매각될 수도, 아닐 수도 있습니다.
거래 규모가 작고 일상적인 성격이므로 이번 제출은 대부분 투자자에게 중대한 영향력을 미칠 가능성은 낮지만, 내부자의 유동성 행동과 잠재적 심리에 대한 추가적인 통찰을 제공합니다.
Metropolitan Bank Holding Corp. (MCB) a déposé un formulaire 144 signalant une éventuelle vente par un initié. Vendeur : Scott Lublin. Vente prévue : jusqu'à 5 000 actions ordinaires via Fidelity Brokerage Services aux alentours du 21 juillet 2025. Sur la base du prix indiqué, la transaction est évaluée à 393 222 $. Avec 10,66 millions d’actions en circulation, l’avis couvre environ 0,05 % du flottant, un niveau négligeable.
Les actions proviennent d’un événement de vesting d’actions restreintes survenu le 18 mars 2021 et ont été reçues en compensation. Le déclarant a déjà cédé 5 000 actions le 20 juin 2025, générant un produit brut de 325 126 $. Le formulaire 144 est uniquement une notification ; la totalité des actions ne sera pas nécessairement vendue.
En raison de la petite taille et du caractère routinier de la transaction, le dépôt est peu susceptible d’avoir un impact significatif pour la plupart des investisseurs, mais il offre un aperçu supplémentaire des actions de liquidité et du sentiment potentiel de l’initié.
Metropolitan Bank Holding Corp. (MCB) hat ein Formular 144 eingereicht, das auf einen möglichen Insider-Verkauf hinweist. Verkäufer: Scott Lublin. Geplanter Verkauf: bis zu 5.000 Stammaktien über Fidelity Brokerage Services am oder um den 21. Juli 2025. Basierend auf dem angegebenen Preis hat die Transaktion einen Wert von 393.222 $. Bei 10,66 Millionen ausstehenden Aktien umfasst die Meldung etwa 0,05 % des Streubesitzes, ein vernachlässigbarer Anteil.
Die Aktien stammen aus einem Restricted-Stock-Vesting-Ereignis am 18. März 2021 und wurden als Vergütung erhalten. Der Melder hat bereits am 20. Juni 2025 5.000 Aktien verkauft und dabei Bruttoerlöse von 325.126 $ erzielt. Formular 144 ist lediglich eine Benachrichtigung; der gesamte Betrag muss nicht unbedingt verkauft werden.
Aufgrund der geringen Größe und routinemäßigen Natur der Transaktion ist die Meldung für die meisten Anleger wahrscheinlich ohne wesentliche Auswirkungen, bietet jedoch zusätzliche Einblicke in die Liquiditätsmaßnahmen und die potenzielle Stimmung des Insiders.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
(Exact name of registrant as specified in its charter)
(State or other jurisdiction | (Commission | (IRS Employer | ||
of incorporation) | File Number) | Identification No.) |
(Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (
Not applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:
Title of each class |
| Trading Symbol |
| Name of each exchange on which registered |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On July 21, 2025, RLI Corp. announced its results of operations for the second quarter of 2025. Furnished as Exhibit 99.1 and incorporated herein by reference is the press release issued by RLI Corp.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. |
| Description |
99.1 | Press Release dated July 21, 2025. This Exhibit is furnished pursuant to Item 2.02 hereof and should not be deemed to be “filed” under the Securities Exchange Act of 1934. | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
RLI CORP. | ||
Date: July 21, 2025 | By: | /s/ Todd W. Bryant |
Todd W. Bryant | ||
Chief Financial Officer | ||
FAQ
How many Metropolitan Bank (MCB) shares are registered for sale in this Form 144?
What is the estimated dollar value of the proposed insider sale?
When is the insider planning to sell the MCB shares?
What percentage of Metropolitan Bank’s outstanding shares does 5,000 shares represent?
Were there prior sales by the same insider in the last three months?
