MetroCity Bankshares (MCBS) Director Frank S. Rhee Receives Award

What Happened
Frank S. Rhee, a director of MetroCity Bankshares, received a restricted stock award of 735 shares on June 1, 2026. The award is reported at $32.66 per share for a total value of approximately $24,005. This transaction is an award/acquisition (compensation), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-01; Filing date: 2026-06-02 (timely filed)
• Transaction type/code: Award/Grant (A)
• Shares granted: 735 at $32.66 per share — total reported value $24,005
• Vesting: 25% vested on the grant date, then 25% vests annually over a three-year vesting period beginning June 1, 2026 (per footnote)
• Shares owned after transaction: Not disclosed in the provided filing extract
• Accession / filing: Form 4 (Accession 0001754361-26-000001)

Context
Restricted stock awards are a form of compensation tied to service/vesting and do not necessarily signal a trading decision. Because 25% vests immediately, a portion of the grant may be unrestricted at once while the remainder becomes available over the next three years.