CEO Paek Nack Y sells 50,000 MCBS shares at avg $30.82 for $1.5M; stock up 32.8% in 90 days
CEO Paek Nack Y executed two separate sales totaling 50,000 shares ($1,540,891.21) on July 24–25, 2024, at a blended average price of $30.82, reducing holdings from 1,336,200 to 1,286,200 shares (-3.7%). The timing context is notable: the stock has risen 32.8% over the 90 days and 27.8% over the 30 days prior to the sale, trading near its 52-week high of $31.97. Against his prior sales at MetroCity Bankshares—completed on 2023-11-13 and 2023-11-14, which each saw 90-day gains of 17.7–18.8%—this sale again followed strong momentum. The CEO retains 1,286,200 shares, indicating a substantial ongoing position. Company fundamentals show net income of $14,631,000.00 and a P/E of 15.98.