Cathay (CATY) Vice Chairman Anthony Tang Sells 25,000 Shares

What Happened
Anthony M. Tang, Vice Chairman and director of Cathay General Bancorp (CATY), sold a total of 25,000 shares in open‑market transactions between June 4 and June 8, 2026. The trades: 10,000 shares on 2026‑06‑04 at a weighted‑avg $58.16 ($581,633); 5,000 shares on 2026‑06‑05 at a weighted‑avg $58.37 ($291,845); and 10,000 shares on 2026‑06‑08 at a weighted‑avg $58.90 ($589,002). Combined proceeds were approximately $1,462,480. These were sales (not purchases or option exercises), which are often routine insider liquidity events.

Key Details

• Transaction dates and reported prices:
  • 2026‑06‑04: 10,000 shares @ $58.16 (weighted average; prices in range $58.01–$58.34) — see footnote F2
  • 2026‑06‑05: 5,000 shares @ $58.37 (weighted average; prices in range $58.36–$58.43) — see footnote F3
  • 2026‑06‑08: 10,000 shares @ $58.90 (weighted average; prices in range $58.78–$59.06) — see footnote F4
• Total shares sold: 25,000; approximate total proceeds: $1.46 million.
• Shares owned after the transactions: not specified in the provided filing details (the filing does note F1: includes 1,582.906 shares received via dividend reinvestment year‑to‑date).
• Filing date / timeliness: Form 4 was filed 2026‑06‑08. The report covers trades on 2026‑06‑04, 06‑05 and 06‑08; the filing appears to be within SEC reporting timing (not flagged as late).
• No 10b5‑1 plan, option exercise, grant, or tax‑withholding noted in the provided footnotes.

Context

• These were open‑market sales (code S) — common for insiders to raise cash or rebalance holdings; sales do not by themselves indicate the company’s outlook.
• Footnotes F2–F4 explain the reported price is a weighted average because the lots were executed at multiple prices within the stated ranges; the filer offers to provide per‑trade price breakdowns on request.
• F1 indicates some recent share additions via dividend reinvestment were included in ownership calculations.