Coastal Financial insider sells 7,000 shares at $71.42
COASTAL FINANCIAL CORP director and President of CCBX Brian T. Hamilton reported an open-market sale of 7,000 shares of common stock at $71.423 per share.
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Form Type
4
Rhea-AI Filing Summary
COASTAL FINANCIAL CORP director and President of CCBX Brian T. Hamilton reported an open-market sale of 7,000 shares of common stock at $71.423 per share.
An additional 230 shares were disposed of to cover withholding taxes. Both transactions were executed under a pre-arranged Rule 10b5-1 trading plan, and Hamilton continues to hold a meaningful equity stake, including multiple RSU awards scheduled to vest over time.
Insider Trade Summary 10b5-1
Net Seller: 7,000 shares
Net Sell
2 txns
Insider
Hamilton Brian T
Role
President of CCBX
Sold
7,000 shs ($500K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,000 | $71.423 | $500K |
| Exercise Price or Tax Liability | Common Stock | 230 | $71.423 | $16K |
Holdings After Transaction:
Common Stock — 67,341 shares (Direct)
Footnotes (3)
- F1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F2. Represents shares sold in payment of withholding taxes upon partial vesting of RSUs pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
- F3. Includes the following pursuant to the 2018 Coastal Financial Corporation Omnibus Incentive Plan: (1) 12,791 restricted stock units (RSUs) with remaining shares vesting monthly in an approximately equal amount through April 30, 2028 (2) 2,714 RSUs that vest in approximately equal installments over 4 years (3) 502 RSUs that vest in approximately equal installments over 3 years (4) 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) 502 RSUs that vest in three approximately equal annual remaining installments. Each RSU represents the right to receive one share of common stock upon vesting.
Key Figures
Open-market sale: 7,000 shares
Sale price: $71.423 per share
Tax-withholding shares: 230 shares
+4 more
7 metrics
Open-market sale
7,000 shares
Common Stock sold at $71.423 per share on June 2, 2026
Sale price
$71.423 per share
Price for 7,000-share open-market sale on June 2, 2026
Tax-withholding shares
230 shares
Disposed to cover withholding taxes on RSU vesting
Time-based RSUs
12,791 RSUs
Vest monthly in approximately equal amounts through April 30, 2028
Additional RSUs
2,714 RSUs
Vest in approximately equal installments over 4 years
Smaller RSU grants
502 RSUs + 502 RSUs
Two grants; each vests in three equal annual installments
Performance-based RSUs
15,000 RSUs
Eligible to vest on April 30, 2028 if ROE meets 80% peer threshold
Key Terms
Rule 10b5-1 trading plan, withholding taxes, restricted stock units (RSUs), performance-based RSUs, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
withholding taxes financial
"Represents shares sold in payment of withholding taxes upon partial vesting of RSUs pursuant to a Rule 10b5-1 trading plan adopted by the reporting person."
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
restricted stock units (RSUs) financial
"Includes the following pursuant to the 2018 Coastal Financial Corporation Omnibus Incentive Plan: (1) 12,791 restricted stock units (RSUs) with remaining shares vesting monthly..."
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.
performance-based RSUs financial
"15,000 performance-based RSUs - eligible to vest on April 30, 2028, subject to continuous employment and achievement of return on equity criteria."
Performance-based restricted stock units (RSUs) are promises to deliver company shares to employees only if the business meets specific goals, such as revenue, profit, stock-price targets, or strategic milestones. For investors, they matter because they change future share supply and align management incentives with company results—like a salesperson whose bonus only pays out when sales targets are hit—so they can affect earnings, dilution, and confidence in leadership.
Omnibus Incentive Plan financial
"Includes the following pursuant to the 2018 Coastal Financial Corporation Omnibus Incentive Plan..."
An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did CCB (Coastal Financial) disclose in this Form 4?
CCB reported that Brian T. Hamilton sold 7,000 shares of common stock at $71.423 per share and disposed of 230 shares for tax withholding. Both moves relate to equity compensation and were executed under a pre-arranged Rule 10b5-1 trading plan.
Was the Coastal Financial (CCB) insider sale made under a Rule 10b5-1 plan?
Yes. The filing states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Brian T. Hamilton. Such plans pre-schedule trades, indicating these transactions were planned rather than reactive to short-term market developments.
What ongoing RSU awards does Brian T. Hamilton hold in CCB stock?
Hamilton’s holdings include 12,791 RSUs vesting monthly through April 30, 2028, 2,714 RSUs vesting over four years, two 502-RSU grants vesting over three years, and 15,000 performance-based RSUs eligible to vest on April 30, 2028 if performance conditions are met.
Are the CCB performance-based RSUs subject to conditions?
Yes. The 15,000 performance-based RSUs are eligible to vest on April 30, 2028 only if Brian T. Hamilton remains employed and Coastal Financial’s return on equity reaches at least 80% of a comparator peer group, according to the filing.
AI-generated analysis. How Rhea-AI works. Not financial advice.
