Coastal Financial (CCB) CEO logs RSU tax withholding and 160,108-share stake

Rhea-AI Filing Summary

Coastal Financial Corp CEO Eric M. Sprink reported a tax-related share withholding tied to restricted stock vesting. On February 3, 2026, 733 shares of Coastal Financial common stock were withheld at $89.50 per share to cover withholding taxes upon partial vesting of restricted stock units (RSUs).

After this transaction, Sprink directly beneficially owned 160,108 common shares, which include 25,889 time-based RSUs vesting in scheduled installments and 100,000 performance-based RSUs eligible to vest on October 4, 2027 if specified performance goals are met. He also reports indirect ownership through a spouse and custodial accounts for three children.

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

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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)
02/03/2026

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	02/03/2026		F		733(1)	D	$89.5	160,108(2)	D
Common Stock								885	I	By spouse
Common Stock								400	I	By Custodian for Child 3
Common Stock								400	I	By Custodian for Child 2
Common Stock								400	I	By Custodian for Child 1

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 25,889 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 11,674 of the RSUs vest in four approximately equal remaining installments; 10,032 of the RSUs vest in three approximately equal 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	02/05/2026
	** 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 did CCB CEO Eric M. Sprink report in this Form 4 filing?

Eric M. Sprink reported a tax-related withholding of 733 Coastal Financial common shares at $89.50 per share. The shares were withheld to satisfy taxes due upon partial vesting of restricted stock units, rather than being an open market sale of stock.

How many Coastal Financial (CCB) shares does the CEO own after this transaction?

Following the reported tax withholding, Eric M. Sprink beneficially owns 160,108 Coastal Financial common shares directly. This figure includes both time-based and performance-based restricted stock units that convert into common shares as they vest under the company’s 2018 Omnibus Incentive Plan.

Was the CCB CEO’s Form 4 transaction an open market sale of shares?

The filing describes 733 shares as withheld to pay withholding taxes upon partial vesting of restricted stock units. This indicates a tax withholding event connected to equity compensation, not a discretionary open market sale initiated to sell existing common shares.

What restricted stock units are reported for the CCB CEO in this filing?

The CEO’s holdings include 25,889 time-based RSUs vesting in several remaining installments and 100,000 performance-based RSUs. The performance-based RSUs are scheduled to vest on October 4, 2027, subject to achieving specified performance goals, with each RSU representing one share.

Does the CCB CEO report any indirect ownership of Coastal Financial shares?

Yes. In addition to his direct holdings, the CEO reports indirect ownership of common stock through his spouse and as custodian for three children. The filing lists separate line items for these indirect positions, reflecting family-related beneficial ownership of additional Coastal Financial shares.

What performance timeline is tied to the CCB CEO’s performance-based RSUs?

The filing states that 100,000 performance-based restricted stock units vest on October 4, 2027, if specified performance goals are achieved. Each unit represents a right to receive one share of Coastal Financial common stock upon vesting under the incentive plan’s terms.