Tan Farid 4

What Happened
Tan Farid, President and Director of MetroCity Bankshares (MCBS), was granted 31,107 shares of restricted common stock on June 1, 2026. The award was recorded at $32.66 per share, with a total grant value of $1,015,955. This was an award/acquisition of restricted stock (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-01; Filing date: 2026-06-02 (timely; Form 4 due within 2 business days).
• Security: Common stock of MetroCity Bankshares (MCBS).
• Shares granted: 31,107 at $32.66 per share; total value ≈ $1,015,955.
• Vesting: 25% vests on the grant date, then 25% annually over the next three years beginning June 1, 2026 (per footnote).
• Shares owned after transaction: Not specified in the provided filing.
• Transaction code: A (award/grant). No 10b5-1 plan, tax withholding, or sale reported in the provided details.

Context
Restricted stock awards are a form of compensation and typically vest over time; the immediate 25% vesting means a portion becomes vested at grant, with the remainder subject to future vesting. Awards are common for executives and do not necessarily indicate a near-term buy/sell signal by the insider.