LEE SANG YOUNG 4

What Happened Lee Sang Young, identified as a 10% owner of PCB Bancorp (PCB), purchased a total of 8,590 shares in two transactions on March 5–6, 2026. The first purchase was 7,500 shares at $22.25 each (about $166,875) on 2026-03-05; the second was 1,090 shares at $21.75 each (about $23,708) on 2026-03-06. Both transactions are reported as purchases (Form 4 code P), which represent net buys rather than sales.

Key Details

• Transaction dates and prices:
  • 2026-03-05: 7,500 shares at $22.25 — $166,875
  • 2026-03-06: 1,090 shares at $21.75 — $23,708
• Total acquired: 8,590 shares for approximately $190,583.
• Transaction type: P = Purchase (open market or private purchase as reported).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing timing: Form filed 2026-03-06 for a 2026-03-05 report date; the filing appears timely based on filing and report dates (no late-filing note provided).
• No footnotes (e.g., 10b5-1 plan, tax withholding) were provided in the supplied transaction details.

Context As a 10% owner, Lee Sang Young is a large shareholder rather than an executive officer; purchases by significant shareholders can indicate a decision to increase long-term stake but do not, by themselves, explain motivation. These were straightforward purchases (not option exercises, gifts, or awards). Retail investors often view insider purchases as a more informative signal than routine insider sales, but always consider these trades alongside broader research and company fundamentals.