[144] COASTAL FINANCIAL CORP SEC Filing

Rhea-AI Filing Summary

Form 144 filed for Coastal Financial Corp (CCB): The filing notifies a proposed sale of 4,350 shares of Common Stock on 09/15/2025 through broker Stifel Nicolaus & Company Inc on Nasdaq with an aggregate market value of $474,742.00. The filer reports owning/disposing of securities that were acquired as 6,011 Restricted Stock Units on 05/28/2025 with 6,011 units listed as the amount acquired and cash as the payment nature. The issuer has 15,109,090 shares outstanding per the form. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information and reminders about Rule 10b5-1 trading plans and criminal penalties for misstatements.

Positive

• Clear compliance: Filing provides required Rule 144 details including broker, share count, market value and acquisition information.
• Specific transaction data: Dates, number of shares, and nature of acquisition (Restricted Stock Units) are explicitly stated.

Negative

• Insider sale of recently acquired RSUs: The securities to be sold were acquired on 05/28/2025 and a sale is proposed for 09/15/2025, indicating a relatively short interval between acquisition and planned disposition.
• No 10b5-1 plan date disclosed: The filing does not state whether a Rule 10b5-1 trading plan exists or its adoption date.

Insights

Securities Analyst

TL;DR: Routine insider sale notice disclosing disposition of newly acquired RSUs; appears procedural and compliant with Rule 144.

The Form 144 documents a proposed open-market sale of 4,350 common shares via a registered broker with specific acquisition details for 6,011 Restricted Stock Units vested on 05/28/2025. This is a standard regulatory disclosure intended to satisfy Rule 144 resale reporting requirements. The filing provides clear quantities, dates, broker identity, market value and outstanding share count, enabling investors to quantify the potential dilution or supply impact. No information about trading plans, adverse events, or prior sales in the past three months is reported.

Corporate Governance Expert

TL;DR: Administrative insider sale filing with required attestations; governance controls appear followed based on the disclosure provided.

The submission includes the mandatory attestation regarding lack of undisclosed material information and identifies the broker and exact transaction parameters, which aligns with compliance norms for insider dispositions. The form notes restricted stock unit acquisition and subsequent proposed sale; while this is a common liquidity event for insiders or employees, the document does not disclose any trading-plan adoption date or 10b5-1 plan specifics. From a governance perspective, the filing satisfies disclosure obligations but does not provide context on insider intent or internal approvals.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Stifel Nicolaus & Company Inc 501 N Broadway St. Louis MO 63102	4350	474742.00	15109090	09/15/2025	Nasdaq

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	05/28/2025	6,011	Restricted Stock Units			6011	05/28/2025	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 filed for Coastal Financial Corp (CCB) disclose?

The form notifies a proposed sale of 4,350 common shares on 09/15/2025 via Stifel Nicolaus, with aggregate market value $474,742.00 and shows acquisition of 6,011 RSUs on 05/28/2025.

How many shares of CCB are outstanding according to the filing?

The filing reports 15,109,090 shares outstanding.

What broker will execute the sale listed on the Form 144?

The sale is to be executed by Stifel Nicolaus & Company Inc (501 N Broadway St. Louis MO 63102) on Nasdaq.

Does the filing report any securities sold in the past three months by the seller?

The form states: Nothing to Report for securities sold during the past three months.

What type of acquisition led to the securities being sold?

The securities were acquired as Restricted Stock Units (RSUs) on 05/28/2025, with 6,011 units acquired.