Coastal Financial (CCB) CEO logs tax share withholding and large RSU grants

Rhea-AI Filing Summary

Coastal Financial Corp CEO Eric M. Sprink reported a routine tax-related share withholding tied to restricted stock unit vesting. On February 5, 2026, 1,730 shares of common stock were withheld at a price of $84.97 per share to cover withholding taxes upon partial vesting of RSUs.

After this transaction, Sprink beneficially owned 158,378 shares of Coastal Financial common stock, including 21,491 time-based RSUs that vest in remaining scheduled installments and 100,000 performance-based RSUs scheduled to vest on October 4, 2027, subject to achievement of specified performance goals.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sprink Eric M

Role CEO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	1,730	$84.97	$147K

Holdings After Transaction: Common Stock — 158,378 shares (Direct)

Footnotes (1)

1. Represents shares withheld in payment of withholding taxes upon partial vesting of RSUs. Includes 21,491 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 7,455 of the RSUs vest in four approximately equal remaining installments; 3,165 of the RSUs vest in three approximately equal remaining installments; 6,688 of the RSUs vest in approximately two remaining installments; 4,183 of the RSUs vest in approximately one remaining equal installment. Also includes 100,000 shares of performance-based restricted stock units that vest on October 4, 2027, the quantity of which is dependent upon achievement of specified performance goals. Each restricted stock unit represents the right to receive one share of common stock upon vesting.

Form 4 Insider Transactions: What Each Field Means →

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^*

Sprink Eric M

(Last) (First) (Middle)

C/O 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)
	CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/05/2026

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	02/05/2026		F		1,730(1)	D	$84.97	158,378(2)	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. Represents shares withheld in payment of withholding taxes upon partial vesting of RSUs.

2. Includes 21,491 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 7,455 of the RSUs vest in four approximately equal remaining installments; 3,165 of the RSUs vest in three approximately equal remaining installments; 6,688 of the RSUs vest in approximately two remaining installments; 4,183 of the RSUs vest in approximately one remaining equal installment. Also includes 100,000 shares of performance-based restricted stock units that vest on October 4, 2027, the quantity of which is dependent upon achievement of specified performance goals. Each restricted stock unit represents the right to receive one share of common stock upon vesting.

Remarks:

	/s/ Melisa Nelson, as Attorney-in-fact	02/09/2026
	** 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.

FAQ

What insider transaction did CCB CEO Eric Sprink report on February 5, 2026?

Eric M. Sprink reported a tax-related withholding of 1,730 shares of Coastal Financial common stock. The shares were withheld at $84.97 each to satisfy withholding taxes due upon partial vesting of his restricted stock units, rather than an open-market sale.

How many CCB shares does CEO Eric Sprink beneficially own after this Form 4?

Following the reported transaction, Eric M. Sprink beneficially owned 158,378 shares of Coastal Financial common stock. This total includes both directly held shares and restricted stock units that convert into common shares as they vest over future periods.

Were the 1,730 CCB shares in Eric Sprink’s Form 4 an open-market sale?

No. The 1,730 shares were withheld to pay withholding taxes upon partial vesting of restricted stock units. This is an administrative transaction commonly used to cover tax obligations, rather than a discretionary open-market sale of shares by the executive.

What time-based RSUs does CCB CEO Eric Sprink hold after this filing?

Eric M. Sprink’s holdings include 21,491 time-based restricted stock units under the 2018 Omnibus Incentive Plan. These RSUs vest in remaining scheduled installments of 7,455, 3,165, 6,688, and 4,183 units over time, each unit converting into one share upon vesting.

What performance-based RSUs for CCB stock are reported for Eric Sprink?

Sprink holds 100,000 performance-based restricted stock units that vest on October 4, 2027. The actual number of shares delivered will depend on achievement of specified performance goals, with each vested RSU entitling him to receive one share of common stock.

Does this CCB Form 4 indicate a change in Eric Sprink’s role or status?

No. The filing confirms Eric M. Sprink remains a director and the chief executive officer of Coastal Financial Corp. The disclosed activity relates only to share withholding for taxes and his ongoing equity awards, not to any change in his position or responsibilities.