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EdgarHawk

Leung Don

Director

Director
2 filings analyzed · 1 company · Latest 2024-07-24

Companies

Company Buys Sells Direction
MetroCity Bankshares, Inc. MCBS 0 4 Net selling

Activity

July 2024
medium
Sell
83,217 shares
$2,587,350
Significance 5/10

MCBS director Leung Don sells 83,217 shares across two days (07-22, 07-23) for $2,587,349.61; holds 848.2K shares post-transaction

Leung Don executed two separate sales totaling 83,217 shares for $2,587,349.61 over consecutive trading days at prices of $31.02 and $31.11, reducing his holdings by 8.9%. The blended average price of $31.09 sits just 2.0% below the 52-week high of $31.12, placing the sales near the upper end of recent trading range. The stock has appreciated 22.1% over the prior 30 days and 27.8% over 90 days, suggesting the sales occurred during a strong momentum period. No prior timing outcome data yet exists for his two most recent same-ticker sales (2024-07-16 and 2024-07-17), making it premature to characterize execution quality at this specific ticker; however, cross-ticker historical record shows only 2 prior open-market sells with measurable outcomes. At current price of $30.49, the executed sales remain profitable relative to today's level, and the director retains a substantial 848.2K-share position in the company.

medium
Sell
123,734 shares
$3,535,893
Significance 5/10

Director Leung Don sold 123,734 shares of MCBS at $28.56–$28.59 (avg. $28.58) for $3.5M; retains 931,467 shares post-sale.

Director Leung Don executed 2 separate sales totaling 123,734 shares for $3,535,892.67 across July 16–17, 2024, at a blended average price of $28.58, which matches the current price of $28.72 and the 52-week high. The sale reduced his holdings by 11.7% from 1,055,201 shares to 931,467 shares. The transaction occurred during a period of significant stock appreciation: the stock is up 15.5% over 30 days and 21.1% over 90 days, both measured from the current price point. With a P/E of 14.36 and market cap of $723,902,132.32, MCBS trades at a relatively modest multiple for a profitable institution generating $14,631,000.00 in net income. The sale's scale (representing approximately 12% of pre-transaction holdings) and execution near the 52-week high merit monitoring for any pattern of director liquidation, though the retention of a substantial 931,467-share position indicates the director maintains meaningful ownership alignment.

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