Coastal Financial (CCB) CEO purchases 10,000 shares at $44.45
Rhea-AI Filing Summary
Coastal Financial Corp CEO Eric M. Sprink purchased 10,000 shares of common stock on August 6, 2026 at $44.45 per share. After this trade, his direct holdings total 173,238 shares, including 26,351 time-based restricted stock units and 100,000 performance-based restricted stock units that vest on October 4, 2027 subject to performance goals. Indirect holdings reported include 885 shares held by his spouse and 400 shares in each of three custodial accounts for his children.
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Insights
Analyzing...
Insider Trade Summary
Net Buyer: 10,000 shares
Net Buy
5 txns
Insider
Sprink Eric M
Role
CEO
Bought
10,000 shs ($445K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock F1 | 10,000 | $44.45 | $445K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 173,238 shares (Direct);
Common Stock — 885 shares (Indirect, By spouse);
Common Stock — 400 shares (Indirect, By Custodian for Child 3);
Common Stock — 400 shares (Indirect, By Custodian for Child 2);
Common Stock — 400 shares (Indirect, By Custodian for Child 1)
Footnotes (1)
- F1. Includes 26,351 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 12,315 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 equal 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.
Key Figures
Shares purchased: 10,000 shares
Purchase price: $44.45 per share
Direct holdings after purchase: 173,238 shares
+4 more
7 metrics
Shares purchased
10,000 shares
Common Stock purchase on August 6, 2026 (transaction code P)
Purchase price
$44.45 per share
Price for 10,000-share Common Stock purchase on August 6, 2026
Direct holdings after purchase
173,238 shares
Total direct Common Stock and RSUs following the August 6, 2026 transaction
Time-based RSUs included
26,351 units
Restricted stock units vesting in remaining installments under the 2018 Omnibus Incentive Plan
Performance-based RSUs included
100,000 units
Performance-based restricted stock units vesting on October 4, 2027, subject to performance goals
Spouse indirect holdings
885 shares
Common Stock held indirectly by spouse after the reported transaction
Custodial holdings per child
400 shares
Common Stock held indirectly in each custodial account for three children
Key Terms
restricted stock units (RSUs), performance-based restricted stock units, Omnibus Incentive Plan
3 terms
restricted stock units (RSUs) financial
"Includes 26,351 time-based restricted stock units (RSUs) pursuant to the Coastal Financial"
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 restricted stock units financial
"Also includes 100,000 shares of performance-based restricted stock units that vest"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
Omnibus Incentive Plan financial
"pursuant to the Coastal Financial Corporation 2018 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did CCB CEO Eric M. Sprink report in this Form 4 filing?
Eric M. Sprink reported buying 10,000 shares of Coastal Financial Corp common stock at $44.45 per share. Following the purchase, his direct holdings increased to 173,238 shares, including both time-based and performance-based restricted stock units that may convert into common stock upon vesting.
What restricted stock units are included in CCB CEO Eric Sprink’s reported holdings?
His direct holdings include 26,351 time-based RSUs vesting in remaining installments and 100,000 performance-based RSUs that vest on October 4, 2027, with the final quantity dependent on achieving specified performance goals. Each RSU represents one share upon vesting.