[Form 4] Metropolitan Bank Holding Corp. Insider Trading Activity

Rhea-AI Filing Summary

Metropolitan Bank Holding Corp. insider report: Director Dale C. Fredston sold a total of 3,000 shares of the issuer on 09/03/2025 in two sets of transactions. The larger block of 2,841 shares was sold at a weighted-average price of $78.6167 (individual prices ranged $78.05–$79.042). A second block of 159 shares was sold at a weighted-average price of $79.2727 (prices ranged $79.107–$79.36). After these sales the reported beneficial ownership is shown as 14,168 shares (with a prior line showing 14,327 that includes restricted stock units). The filing discloses that restricted stock units vesting 100% on January 27, 2026 are included in the beneficial ownership figure.

Positive

• Disclosure transparency: filing provides weighted-average prices and explicit price ranges for the multiple transactions
• Ongoing ownership: reporting person retains approximately 14,168 beneficially owned shares and includes RSUs vesting 100% on January 27, 2026

Negative

• Insider sales: Director sold a total of 3,000 shares on 09/03/2025 at weighted-average prices of $78.6167 and $79.2727, which may be perceived negatively by some investors
• No 10b5-1 disclosure: the form does not indicate the transactions were made pursuant to a prearranged 10b5-1 trading plan

Insights

Financial Analyst

TL;DR: Insider sold 3,000 shares across multiple trades at ~ $78.62–$79.27, leaving ~14.2k shares including RSUs.

The transactions are routine insider sales rather than option exercises or derivative activity. The sale size (3,000 shares) should be evaluated against total outstanding shares to judge materiality; the filing does not state total shares outstanding so material impact on market capitalization cannot be determined from this Form 4 alone. The disclosure of weighted-average prices and price ranges is helpful for transparency. The inclusion of restricted stock units vesting in January 2026 signals ongoing alignment with equity-based compensation.

Corporate Governance Expert

TL;DR: Director sales were properly disclosed; retained holdings plus RSUs indicate continued stake and alignment.

The Form 4 shows timely reporting and detailed footnotes describing weighted-average pricing and vesting schedules, which satisfies Section 16 disclosure norms. The director remains a holder of roughly 14.2k shares including RSUs that vest in January 2026, indicating ongoing economic exposure. There is no indication of trading pursuant to a 10b5-1 plan in the filing, and no derivatives or other arrangements are reported.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Fredston Dale C

(Last) (First) (Middle)

99 PARK AVENUE

12TH FLOOR

(Street)

NEW YORK NY 10016

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Metropolitan Bank Holding Corp. [ MCB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/03/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/03/2025		S		2,841	D	$78.6167(1)	14,327(2)	D
Common Stock	09/03/2025		S		159	D	$79.2727(3)	14,168(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The $78.6167 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $78.0500 to $79.0420, inclusive. The Reporting Person undertakes to provide to Metropolitan Bank Holding Corp., any security holder of Metropolitan Bank Holding Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Footnote 1.

2. Includes restricted stock units that vest 100% on January 27, 2026.

3. The $79.2727 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $79.1070 to $79.3600, inclusive. The Reporting Person undertakes to provide to Metropolitan Bank Holding Corp., any security holder of Metropolitan Bank Holding Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Footnote 3.

	/s/ Frederik Erikson, Attorney-in-Fact	09/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Metropolitan Bank Holding Corp. (MCB) insider Dale C. Fredston do on 09/03/2025?

The director sold 2,841 shares at a weighted-average price of $78.6167 and 159 shares at a weighted-average price of $79.2727, totaling 3,000 shares.

How many shares does the reporting person own after the reported transactions for MCB?

The Form 4 reports beneficial ownership of approximately 14,168 shares after the reported sales, with an alternate line showing 14,327 when including restricted stock units.

Are any restricted stock units (RSUs) disclosed in the filing for MCB?

Yes. The filing states that certain restricted stock units are included and will vest 100% on January 27, 2026.

Were the sales executed under a 10b5-1 trading plan according to the Form 4?

No. The Form 4 does not indicate that the transactions were made pursuant to a 10b5-1 trading plan.

What prices were the shares sold at in the transactions reported on the Form 4?

The larger block was sold at a weighted-average price of $78.6167 (individual prices ranged $78.05 to $79.042) and the smaller block at $79.2727 (prices ranged $79.107 to $79.36).