[Form 4] COASTAL FINANCIAL CORP Insider Trading Activity

Rhea-AI Filing Summary

Coastal Financial Corp insider activity shows that a reporting person who is both a director and a 10% owner reported multiple sales of common stock. On December 5, 2025, the insider sold 1,611 shares at $112 per share and additional blocks of 1,000 shares at $112.5 through an indirect business ownership. On December 8, 2025, further indirect sales of 1,500 shares occurred at $113.5 per share and 1,500 shares at $114.5 per share.

Following these transactions, the insider reported 1,715,960 shares of Coastal Financial Corp common stock beneficially owned directly, with smaller amounts held indirectly through a business entity. A footnote explains that this total includes restricted stock granted under the company’s 2018 Omnibus Incentive Plan, including 1,090 shares scheduled to vest one day prior to the issuer’s 2026 annual shareholder meeting.

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^*

HOVDE STEVEN D

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

3. Date of Earliest Transaction (Month/Day/Year)
12/05/2025

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								1,715,960(1)	D
Common Stock	12/05/2025		S		1,611	D	$112	20,000	I	Business
Common Stock	12/05/2025		S		1,000	D	$112.5	19,000	I	Business
Common Stock	12/08/2025		S		1,500	D	$113.5	17,500	I	Business
Common Stock	12/08/2025		S		1,500	D	$114.5	16,000	I	Business

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 restricted stock granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan which vests as follows: 1,090 shares of common stock vest one day prior to the issuer's 2026 Annual Shareholder Meeting

Remarks:

	/s/ Melisa Nelson, as Attorney-in-fact	12/08/2025
	** 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 insider transaction did Coastal Financial Corp (CCB) report?

A reporting person who is both a director and 10% owner of Coastal Financial Corp reported several sales of common stock on December 5 and December 8, 2025.

How many Coastal Financial Corp (CCB) shares did the insider sell and at what prices?

The insider reported selling 1,611 shares at $112 per share and 1,000 shares at $112.5 per share on December 5, 2025, and 1,500 shares at $113.5 plus 1,500 shares at $114.5 per share on December 8, 2025.

How many Coastal Financial Corp (CCB) shares does the insider own after these transactions?

After the reported transactions, the insider beneficially owns 1,715,960 shares of Coastal Financial Corp common stock directly, with additional shares held indirectly through a business entity.

What is the insider’s relationship to Coastal Financial Corp (CCB)?

The reporting person is disclosed as both a Director and a 10% Owner of Coastal Financial Corp.

Are any of the insider’s Coastal Financial Corp (CCB) shares restricted stock?

Yes. A footnote states that the reported holdings include restricted stock granted under the Coastal Financial Corporation 2018 Omnibus Incentive Plan, including 1,090 shares that vest one day prior to the company’s 2026 annual shareholder meeting.

Were any of the Coastal Financial Corp (CCB) shares held indirectly?

Yes. The filing shows several sales and post-transaction balances labeled as indirect (I) ownership through a business entity.