Coastal Financial director reports 1,369-share award

Klee Stephan reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Klee Stephan reported acquisition or exercise transactions in this Form 4 filing.

COASTAL FINANCIAL CORP director Stephan Klee reported an equity award and updated holdings. An entity associated with him, SK Trail LLC, received a grant of 1,369 shares of Coastal Financial common stock at a stated price of $0.00 per share as a compensation award. These shares are restricted stock granted under the Coastal Financial Corporation 2018 Omnibus Incentive Plan and are scheduled to vest one day prior to the company’s 2027 Annual Shareholder Meeting. Following this grant, SK Trail LLC holds 2,488 shares indirectly, while Klee also reports 1,661 shares held directly.

Insider Trade Summary

Grant/Award: 1,369 shares

Grant/Award 2 txns

Insider Klee Stephan

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,369	$0.00	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 2,488 shares (Indirect, By SK Trail LLC); Common Stock — 1,661 shares (Direct)

Footnotes (1)

1. F1. Restricted stock granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan which vests one day prior to the issuer's 2027 Annual Shareholder Meeting.

Key Figures

Restricted stock grant: 1,369 shares Grant price: $0.00 per share Indirect holdings after grant: 2,488 shares +2 more

5 metrics

Restricted stock grant 1,369 shares Non-derivative award to SK Trail LLC

Grant price $0.00 per share Stated price for restricted stock award

Indirect holdings after grant 2,488 shares Common stock held by SK Trail LLC

Direct holdings 1,661 shares Common stock held directly by Stephan Klee

Vesting timing One day before 2027 meeting Vests before 2027 Annual Shareholder Meeting

Key Terms

Restricted stock, 2018 Omnibus Incentive Plan, indirect ownership, Annual Shareholder Meeting

4 terms

Restricted stock financial

"Restricted stock granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

2018 Omnibus Incentive Plan financial

"granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan"

indirect ownership financial

"direct_or_indirect": "I", "nature_of_ownership": "By SK Trail LLC""

Annual Shareholder Meeting financial

"vests one day prior to the issuer's 2027 Annual Shareholder Meeting"

A yearly gathering where a company’s owners (shareholders) and its leaders meet to review performance, approve key decisions like electing directors, and vote on issues such as executive pay or major policy changes. Think of it as an annual town hall for people who own part of the business: investors use it to ask questions, influence direction through votes, and gauge management’s plans and transparency, all of which can affect the stock’s outlook.

FAQ

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

What insider transaction did CCB director Stephan Klee report on this Form 4?

Director Stephan Klee reported an equity compensation award linked to SK Trail LLC. The entity received 1,369 shares of Coastal Financial common stock as a grant at a stated price of $0.00 per share, classified as a non-derivative acquisition of restricted stock.

How many Coastal Financial (CCB) shares were granted in this restricted stock award?

The award consisted of 1,369 shares of Coastal Financial common stock. These shares are classified as restricted stock granted as compensation and are held indirectly by SK Trail LLC, an entity associated with Stephan Klee, rather than being acquired through an open-market purchase transaction.

When do Stephan Klee’s new restricted CCB shares vest according to the Form 4?

The restricted stock vests one day prior to Coastal Financial Corporation’s 2027 Annual Shareholder Meeting. Until vesting, the shares remain subject to restrictions under the 2018 Omnibus Incentive Plan, reflecting a long-term incentive structure tied to future corporate governance timing.

How many Coastal Financial (CCB) shares does SK Trail LLC hold after the grant?

After the grant, SK Trail LLC holds 2,488 shares of Coastal Financial common stock indirectly for Stephan Klee. This figure reflects the total indirect position following receipt of the 1,369-share restricted stock award reported in the non-derivative transaction on the Form 4.

What are Stephan Klee’s direct shareholdings in Coastal Financial (CCB) after this filing?

Stephan Klee reports direct ownership of 1,661 shares of Coastal Financial common stock. This direct position is separate from the 2,488 shares held indirectly through SK Trail LLC, giving investors visibility into both his personal and entity-associated equity holdings in the company.

Under which plan was the restricted stock to SK Trail LLC granted for CCB?

The restricted stock was granted under the Coastal Financial Corporation 2018 Omnibus Incentive Plan. This plan provides equity-based awards to directors and other participants, and in this case governs the 1,369-share grant that vests just before the issuer’s 2027 Annual Shareholder Meeting.

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

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Accepted by SEC EDGAR 05/28/2026 - 06:47 PM Learn about SEC filing dates

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^*

Klee Stephan

(Last) (First) (Middle)

C/O 5415 EVERGREEN WAY

(Street)

EVERETT WASHINGTON 98203

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/26/2026

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

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

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

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	05/26/2026		A		1,369(1)	A	$0	2,488	I	By SK Trail LLC
Common Stock								1,661	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. Restricted stock granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan which vests one day prior to the issuer's 2027 Annual Shareholder Meeting.

Remarks:

	/s/ Melisa Nelson, as Attorney-in-fact	05/28/2026
	** 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 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.
* Form 4: SEC 1474 (03-26)