CCB Insider Transaction: Brian Hamilton Sells 228 Shares; 84,473 Shares Remain

Rhea-AI Filing Summary

Coastal Financial Corp (CCB) director and president Brian T. Hamilton reported a small open-market sale on 09/30/2025. He disposed of 228 shares of common stock at a reported price of $108.17, leaving him with 84,473 shares beneficially owned on a direct basis. The filing also details outstanding restricted stock units under the 2018 Omnibus Incentive Plan: 18,024 RSUs vesting monthly through April 30, 2028; 23,226 performance-based RSUs eligible to vest monthly beginning October 1, 2024 subject to stock-price conditions; 15,000 performance-based RSUs eligible to vest April 30, 2028 subject to return-on-equity targets; and 669 RSUs vesting in four remaining installments.

Positive

• Substantial retained ownership: Reporting person continues to beneficially own 84,473 shares.
• Significant unvested equity awards: Over 56,900 RSUs and performance-based units remain tied to multi-year vesting and performance conditions, aligning management with shareholders.
• Timely and compliant disclosure: Form 4 filed with attorney-in-fact signature, indicating procedural compliance.

Negative

• Reported sale: Disposal of 228 shares on 09/30/2025 at $108.17.
• Performance vesting uncertainty: A portion of awards (23,226 and 15,000 RSUs) are contingent on stock-price and ROE targets, so ultimate dilution and realization depend on future performance.

Insights

Financial Analyst

TL;DR: Insider sold a very small number of shares relative to holdings; large outstanding RSU awards indicate continued executive exposure to stock performance.

The 228-share sale at $108.17 represents a de minimis reduction versus 84,473 shares owned, suggesting limited near-term liquidity signaling. The disclosure of multiple RSU tranches, including time-based and performance-based awards totaling over 56,900 units, highlights ongoing executive alignment with shareholder value through extended vesting schedules and performance conditions. For investors, the transaction size and the structure of retained and unvested equity point to continued insider exposure to long-term company performance rather than immediate cash-out.

Corporate Governance Expert

TL;DR: Transaction appears routine and compliant; substantial unvested awards align executive pay with multi-year performance metrics.

The Form 4 shows timely reporting and attorney-in-fact signature, indicating procedural compliance. The mix of time-vested RSUs and performance-based RSUs with explicit vesting windows and ROE and stock-price conditions demonstrates governance practices linking compensation to sustained performance. The small open-market sale does not materially alter insider ownership stakes, preserving governance continuity and incentive alignment.

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).

1. Name and Address of Reporting Person^*

Hamilton Brian T

(Last) (First) (Middle)

5415 EVERGREEN WAY

(Street)

EVERETT WA 98203

(City) (State) (Zip)

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
X	Officer (give title below)		Other (specify below)
	President of CCBX

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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

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 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	09/30/2025		F		228	D	$108.17	84,473(1)	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. Includes the following pursuant to the 2018 Coastal Financial Corporation Omnibus Incentive Plan: (1) 18,024 restricted stock units (RSUs) with remaining shares vesting monthly in an approximately equal amount through April 30, 2028 (2) Includes 23,226 performance-based RSUs which are eligible to vest on the first day of each month beginning October 1, 2024 until April 30, 2028, the quantity of which is subject to continuous employment and achievement of certain stock price conditions (3) 15,000 performance-based RSUs - eligible to vest on April 30, 2028, subject to continuous employment and achievement of return on equity that is at least 80% of company comparator peer group. (4) 669 RSUs that vest in four approximately equal remaining installments. Each RSU represents the right to receive one share of common stock upon vesting.

Remarks:

	/s/ Melisa Nelson, as Attorney-in-fact	09/30/2025
	** 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.

FAQ

What transaction did Brian T. Hamilton report on Form 4 for CCB?

He reported a sale of 228 shares of Coastal Financial Corp common stock on 09/30/2025 at a price of $108.17 per share.

How many CCB shares does the reporting person beneficially own after the sale?

The filing shows he beneficially owns 84,473 shares on a direct basis following the reported transaction.

What unvested equity awards are disclosed in the Form 4?

The Form 4 discloses: 18,024 time-vesting RSUs, 23,226 performance-based RSUs tied to stock-price conditions, 15,000 performance-based RSUs tied to ROE targets, and 669 RSUs vesting in four installments.

Do the disclosed RSUs have performance or time-based vesting conditions?

Yes. Some RSUs vest monthly through April 30, 2028, while others are performance-based with stock-price conditions or return-on-equity targets and vesting on specified future dates.

Was the Form 4 filing signed and dated?

Yes. The filing shows signature by /s/ Melisa Nelson, as Attorney-in-fact dated 09/30/2025.