Lai Francis 4

What Happened Lai Francis, a director of MetroCity Bankshares (MCBS), was granted 735 restricted shares on June 1, 2026 (transaction code A). The award is reported at $32.66 per share for a total reported value of $24,005. This was an equity compensation grant (an award/acquisition), not an open-market purchase or sale.

Key Details

• Transaction date: June 1, 2026; Filing date: June 2, 2026 (filed the next day, appears timely).
• Price/value: 735 shares at $32.66 per share; total reported value $24,005.
• Transaction type/code: Award/Grant (A) — restricted stock award.
• Vesting: 25% vested on the grant date, then 25% annually over the next three years (remaining 75% vests in equal annual installments).
• Shares owned after transaction: Not specified in the provided filing details.
• No 10b5-1 plan, tax withholding, or late-filing flags noted in the supplied information.

Context Restricted stock awards are a common form of executive/director compensation and vest over time; they are not the same as a market purchase and do not necessarily indicate the insider is buying more stock with personal funds. This filing documents the grant and vesting schedule so shareholders can track future vesting and potential insider holdings.