Home / Restatements / PCB BANCORP
Filed 2025-07-24 路 Form 8-K 路 Accession 0001423869-25-000036 micro
Price before filing: $20.57 (2025-07-23 close, split/dividend-adjusted)
Market cap at flag: $295.5M (2025-07-24) 路 Latest: $394.0M (2026-10-16)
| Window | PCB | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +3.8% | +1.3% | +2.5% | 2025-08-25 |
| 90 days | -3.7% | +5.6% | -9.3% | 2025-10-22 |
| 180 days | +2.7% | +7.5% | -4.8% | 2026-01-20 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: no open-market insider sales or purchases reported.
30 days after: 2 insiders bought $885K (12 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-07-24: red flag filed | |||||||
| 2025-07-29 | LEE SANG YOUNG Director, 10% owner | Purchase | 5,000 | $21.40 | $107K | no | Form 4 |
| 2025-07-29 | LEE SANG YOUNG Director, 10% owner | Purchase | 200 | $21.45 | $4K | no | Form 4 |
| 2025-07-29 | LEE SANG YOUNG Director, 10% owner | Purchase | 6,000 | $21.45 | $129K | no | Form 4 |
| 2025-07-29 | LEE SANG YOUNG Director, 10% owner | Purchase | 2,000 | $21.46 | $43K | no | Form 4 |
| 2025-07-29 | LEE SANG YOUNG Director, 10% owner | Purchase | 5,000 | $21.49 | $107K | no | Form 4 |
| 2025-08-01 | RHEE DON Director | Purchase | 3,000 | $19.98 | $60K | no | Form 4 |
| 2025-08-01 | RHEE DON Director | Purchase | 2,000 | $20.03 | $40K | no | Form 4 |
| 2025-08-01 | RHEE DON Director | Purchase | 2,000 | $20.17 | $40K | no | Form 4 |
| 2025-08-01 | RHEE DON Director | Purchase | 3,000 | $20.33 | $61K | no | Form 4 |
| 2025-08-20 | LEE SANG YOUNG Director, 10% owner | Purchase | 232 | $21.60 | $5K | no | Form 4 |
| 2025-08-21 | LEE SANG YOUNG Director, 10% owner | Purchase | 5,000 | $21.55 | $108K | no | Form 4 |
| 2025-08-21 | LEE SANG YOUNG Director, 10% owner | Purchase | 8,400 | $21.55 | $181K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-04-25 to 2025-08-23. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review On July 22, 2025, the management of PCB Bancorp (the "Company"), after discussions with and among the Audit Committee of the Board of Directors and the Company's independent registered public accounting firm, Crowe LLP, concluded that the Company's unaudited consolidated financial statements as of and for the..."
Quoted from the filing. Source
The company says previously issued financial statements should no longer be relied upon (8-K Item 4.02). This is one of the most serious accounting red flags: past reported numbers were wrong and will be restated.
Why this score: also within 90 days: Late quarterly report (NT 10-Q)
Read the original filing on SEC.gov →
Not investment advice. Automated summary; verify against the filing.
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