Coastal Financial Corp. (CCB) reported that Brian T. Hamilton, President of CCBX, disposed of 233 common shares on October 1, 2026, for payment of withholding taxes upon partial vesting of RSUs; the reported price was $39.4642 per share. The transaction was pursuant to a Rule 10b5-1 trading plan. His reported direct holdings afterward were 66,421 shares, including RSUs.
Coastal Financial Corporation disclosed that its financial technology partner, Bluevine, Inc., entered a definitive agreement to be acquired by Valley National Bancorp, parent of Valley Bank. The transaction remains subject to regulatory approvals and other customary closing conditions.
Approximately $447 million in Bluevine-related deposits were held on Coastal Community Bank's balance sheet as of September 25, 2026; the amount fluctuates with customer activity, balance-sheet management and use of deposit sweep arrangements. Coastal Financial does not currently expect the transaction, or resulting changes to the Bluevine deposit relationship, to have a material adverse effect on its liquidity or funding profile. CCBX had 22 active partner relationships as of June 30, 2026. The company said it will provide additional information in connection with third-quarter earnings.
COASTAL FINANCIAL CORP (CCB) reported that director and officer Brian T. Hamilton had 232 shares of common stock withheld on 2026-09-01 to pay withholding taxes upon partial vesting of restricted stock units (RSUs). The withholding price was $46.85 per share. After this tax-withholding disposition, Hamilton directly holds 66,654 shares, including RSUs granted under the 2018 Omnibus Incentive Plan. These include 11,047 RSUs vesting monthly through April 30, 2028, 2,714 RSUs vesting over 4 years, 502 RSUs vesting over 3 years, and 15,000 performance-based RSUs eligible to vest on April 30, 2028, subject to continuous employment and a return-on-equity goal relative to a peer group. The filing states the transaction was effected pursuant to a Rule 10b5-1 trading plan.
COASTAL FINANCIAL CORP (CCB) reported initial insider ownership for its Chief Financial Officer, Joel G. Edwards, on a Form 3. The filing lists a holding entry for 5,000 shares of Common Stock, held on a direct ownership basis as of the reported date.
Coastal Financial Corp director and 10% owner Steven D. Hovde reported open‑market purchases of company common stock through indirect business holdings. He bought 5,000 shares on August 5, 2026 at $44.00 per share and 10,000 shares on August 6, 2026 at $43.825 per share.
Separately, he is reported as directly holding 1,717,293 common shares, which include 1,333 shares of restricted stock granted under the Coastal Financial Corporation 2018 Omnibus Incentive Plan that vest one day prior to the issuer's 2027 Annual Shareholder Meeting.
Coastal Financial Corp CEO Eric M. Sprink purchased 10,000 shares of common stock on August 6, 2026 at $44.45 per share. After this trade, his direct holdings total 173,238 shares, including 26,351 time-based restricted stock units and 100,000 performance-based restricted stock units that vest on October 4, 2027 subject to performance goals. Indirect holdings reported include 885 shares held by his spouse and 400 shares in each of three custodial accounts for his children.
Coastal Financial Corp Executive Chair and director Christopher D. Adams purchased 290 shares of common stock on August 7, 2026 at $45.15 per share, increasing his direct holdings to 30,407 shares, including 1,754 restricted shares that vest one day before the 2027 Annual Shareholder Meeting. This purchase was not made under a Rule 10b5-1 trading plan.
Coastal Financial Corporation, parent of Coastal Community Bank and CCBX, reported a sharp swing to loss for the quarter and first half of 2026. For Q2 2026 it recorded a net loss of $42.1 million, or $2.76 per share, versus $11.0 million of profit a year earlier. Net interest income rose to $89.4 million, but was more than offset by a $92.2 million provision for credit losses tied largely to CCBX consumer and credit card portfolios. Noninterest income nearly doubled to $88.7 million on higher banking‑as‑a‑service fees and indemnification income, yet expenses surged to $141.1 million, including a $46.0 million valuation adjustment to a CCBX credit enhancement asset and higher BaaS loan and fraud costs.
Total assets grew to $5.46 billion and deposits to $4.86 billion as loans expanded to $4.22 billion, driven by CCBX growth in credit cards, consumer loans and residential real estate. Credit quality metrics weakened: nonaccrual loans increased to $36.7 million and 90‑day‑plus past‑due loans that still accrue interest rose to $38.5 million, mainly in CCBX. The allowance for credit losses increased to $213.7 million, reflecting elevated charge‑offs and higher expected losses on the rapidly scaled BaaS portfolios.
Coastal Financial Corp Chief Credit Officer Freddy I. Rivas had 166 shares of common stock withheld on August 3, 2026 at $41.80 per share to pay withholding taxes upon partial vesting of RSUs. After this tax-withholding disposition, he holds 11,884 shares directly, including 3,002 time-based RSUs that vest in remaining installments and 8,250 performance-based RSUs that may vest between July 31, 2026 and July 31, 2029, each convertible into one share upon vesting.
Coastal Financial Corp director and President of CCBX Brian T. Hamilton reported a Code F disposition of 226 shares of common stock on August 3, 2026 at $41.80 per share to satisfy withholding taxes upon partial RSU vesting, effected under a Rule 10b5-1 trading plan. Following this transaction he holds 66,886 shares, including 11,629 RSUs vesting monthly through April 30, 2028, 2,714 RSUs vesting over four years, 502 RSUs vesting over three years, and 15,000 performance-based RSUs eligible to vest on April 30, 2028.