Coastal Financial CRO discloses 3,361 CCB shares

Coastal Financial Corp Chief Risk Officer Elizabeth Ann Sarvela filed an initial ownership report showing she directly holds 3,361 shares of common stock.

Rhea-AI Filing Summary

Coastal Financial Corp Chief Risk Officer Elizabeth Ann Sarvela filed an initial ownership report showing she directly holds 3,361 shares of common stock. This figure includes 2,368 time-based restricted stock units granted under the Coastal Financial Corporation 2018 Omnibus Incentive Plan.

The footnote explains the RSUs vest over multiple years: 391 units in one remaining annual installment, 658 units over two, 434 units over three, and 885 units over four remaining annual installments. Each RSU converts into one share of common stock upon vesting.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sarvela Elizabeth Ann

Role Chief Risk Officer

Type	Security	Shares	Price	Value
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 3,361 shares (Direct)

Footnotes (1)

1. F1. Includes 2,368 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 391 RSUs vest in one remaining annual installment; 658 RSUs vest in approximately two equal remaining annual installments; 434 RSUs vest in approximately three equal remaining annual installments and 885 RSUs vest in approximately four equal remaining installments. Each restricted stock unit represents the right to receive one share of common stock upon vesting.

Key Figures

Direct common stock ownership: 3,361 shares Time-based RSUs: 2,368 units RSUs vesting in 1 year: 391 units +3 more

6 metrics

Direct common stock ownership 3,361 shares Total shares following transaction date 2026-04-02

Time-based RSUs 2,368 units Granted under Coastal Financial Corporation 2018 Omnibus Incentive Plan

RSUs vesting in 1 year 391 units Vest in one remaining annual installment

RSUs vesting over 2 years 658 units Vest in approximately two equal remaining annual installments

RSUs vesting over 3 years 434 units Vest in approximately three equal remaining annual installments

RSUs vesting over 4 years 885 units Vest in approximately four equal remaining annual installments

Key Terms

restricted stock units (RSUs), time-based, 2018 Omnibus Incentive Plan, vesting

4 terms

restricted stock units (RSUs) financial

"Includes 2,368 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan."

Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.

time-based financial

"Includes 2,368 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan."

2018 Omnibus Incentive Plan financial

"restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan."

vesting financial

"391 RSUs vest in one remaining annual installment; 658 RSUs vest in approximately two equal remaining annual installments;"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Coastal Financial (CCB) disclose in Elizabeth Sarvela’s Form 3?

Coastal Financial disclosed that Chief Risk Officer Elizabeth Ann Sarvela holds 3,361 shares of common stock, including 2,368 time-based RSUs. These awards were granted under the 2018 Omnibus Incentive Plan and vest in staged annual installments over several years.

How many Coastal Financial (CCB) shares does Elizabeth Sarvela beneficially own?

Elizabeth Ann Sarvela is reported as directly owning 3,361 shares of Coastal Financial common stock. This total includes 2,368 restricted stock units that convert into one share each upon vesting, illustrating both current stock and time-based equity awards.

What restricted stock units does CCB’s Chief Risk Officer hold?

The Chief Risk Officer holds 2,368 time-based RSUs in Coastal Financial. According to the footnote, each RSU represents the right to receive one share of common stock when vested, forming a significant portion of her reported 3,361-share ownership position.

How is Elizabeth Sarvela’s RSU vesting schedule structured at Coastal Financial (CCB)?

Her RSUs vest in multiple annual installments: 391 units in one remaining year, 658 units over two years, 434 units over three years, and 885 units over four years, providing a staggered, long-term equity incentive structure.

What plan governs the RSUs reported in Coastal Financial (CCB) Form 3?

The restricted stock units are granted under the Coastal Financial Corporation 2018 Omnibus Incentive Plan. This plan provides time-based RSU awards, and each unit gives the right to receive one share of common stock upon satisfaction of its vesting conditions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/08/2026 - 08:01 PM Learn about SEC filing dates

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Sarvela Elizabeth Ann

(Last) (First) (Middle)

5415 EVERGREEN WAY

(Street)

EVERETT WASHINGTON 98203

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
04/02/2026

3. Issuer Name and Ticker or Trading Symbol
COASTAL FINANCIAL CORP [ CCB ]

3a. Foreign Trading Symbol

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

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

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

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	3,361(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes 2,368 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 391 RSUs vest in one remaining annual installment; 658 RSUs vest in approximately two equal remaining annual installments; 434 RSUs vest in approximately three equal remaining annual installments and 885 RSUs vest in approximately four equal remaining installments. Each restricted stock unit represents the right to receive one share of common stock upon vesting.

Remarks:

	/s/ Melisa Nelson, as Attorney-in-fact	04/08/2026
	** 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 5 (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.
* Form 3: SEC 1473 (03-26)