Director at Coastal Financial (NASDAQ: CCB) awarded 1,754 restricted shares

Rhea-AI Filing Summary

COASTAL FINANCIAL CORP director Christopher D. Adams received a grant of 1,754 shares of restricted common stock. The award was made at no cash cost to him and is classified as a grant or award acquisition. Following this transaction, his direct holdings total 30,117 common shares.

The restricted stock was granted under the Coastal Financial Corporation 2018 Omnibus Incentive Plan and will vest one day prior to the issuer's 2027 Annual Shareholder Meeting, tying the award to future continued service through that date.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Adams Christopher D

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,754	$0.00	--

Holdings After Transaction: Common Stock — 30,117 shares (Direct, null)

Footnotes (1)

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Key Figures

Restricted shares granted: 1,754 shares Grant price per share: $0.00 per share Total shares after transaction: 30,117 shares +1 more

4 metrics

Restricted shares granted 1,754 shares Common Stock award on 2026-05-26

Grant price per share $0.00 per share Restricted stock award

Total shares after transaction 30,117 shares Director’s direct holdings following grant

Vesting timing One day before 2027 Annual Meeting Restricted stock vesting condition

Key Terms

Restricted stock, 2018 Omnibus Incentive Plan, Annual Shareholder Meeting, Form 4

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"

Annual Shareholder Meeting financial

"which 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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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^*

Adams Christopher D

(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		1,754(1)	A	$0	30,117	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)

FAQ

What insider transaction did CCB director Christopher D. Adams report?

Christopher D. Adams reported receiving 1,754 shares of restricted common stock in COASTAL FINANCIAL CORP. The shares were granted as an award at no cash cost, increasing his direct holdings to 30,117 common shares after the transaction.

How many Coastal Financial (CCB) shares does Christopher D. Adams hold after this grant?

After the restricted stock grant, Christopher D. Adams directly holds 30,117 shares of Coastal Financial common stock. This total reflects the addition of 1,754 restricted shares awarded to him, as disclosed in the Form 4 insider trading report.

What was the price of the restricted stock granted to the CCB director?

The 1,754 restricted shares of Coastal Financial common stock were granted at a price of $0.00 per share. This indicates a compensation-related equity award rather than an open-market purchase, consistent with typical director or executive incentive plans.

When do the newly granted CCB restricted shares vest for Christopher D. Adams?

The restricted stock granted to Christopher D. Adams vests one day prior to Coastal Financial Corporation's 2027 Annual Shareholder Meeting. This vesting schedule encourages ongoing service through that meeting as a condition for the shares to fully vest.

Under which plan were the new CCB restricted shares granted?

The 1,754 restricted shares were granted under the Coastal Financial Corporation 2018 Omnibus Incentive Plan. This plan provides the framework for equity-based compensation awards such as restricted stock to directors, executives, and other eligible participants.