Coastal Financial (CCB) CFO uses 1,300 shares to cover taxes

Rhea-AI Filing Summary

Coastal Financial Corp Chief Financial Officer Joel G. Edwards reported a routine tax-related share disposition. On January 26, 2026, he disposed of 1,300 shares of common stock at $111.34 per share, representing shares withheld to pay withholding taxes upon partial vesting of restricted stock unit (RSU) awards.

After this transaction, he beneficially owns 11,462 shares, including 5,656 time-based RSUs under the 2018 Omnibus Incentive Plan. These RSUs are scheduled to vest as 1,424 units on February 5, 2026 and 4,232 units on April 1, 2026, with each unit convertible into one share of common stock upon vesting.

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

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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^*

EDWARDS JOEL G

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/26/2026

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	01/26/2026		S		1,300(1)	D	$111.34	11,462(2)	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. Represents shares withheld in payment of withholding taxes upon partial vesting of RSUs awards.

2. Includes 5,656 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. In accordance with Mr. Edward's retirement and retention agreement the RSUs vest as follows: 1,424 RSUs vest on February 5, 2026; and 4,232 RSUs vest on April 1, 2026. Each restricted stock unit represents the right to receive one share of common stock upon vesting.

Remarks:

	/s/ Melisa Nelson, as Attorney-in-fact	01/28/2026
	** 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.

FAQ

What insider transaction did Coastal Financial (CCB) report for its CFO?

Coastal Financial CFO Joel G. Edwards reported disposing of 1,300 common shares at $111.34 on January 26, 2026. The filing explains these shares were withheld to cover taxes due on partially vesting restricted stock unit awards, rather than an open-market discretionary sale.

How many Coastal Financial (CCB) shares does the CFO own after the reported transaction?

After the January 26, 2026 transaction, the CFO beneficially owns 11,462 Coastal Financial common shares. This total includes time-based restricted stock units that will convert into shares as they vest under the company’s 2018 Omnibus Incentive Plan.

Why were 1,300 Coastal Financial (CCB) shares disposed of by the CFO?

The 1,300 shares were withheld to pay withholding taxes upon the partial vesting of RSU awards. This is an administrative tax-settlement mechanism commonly used when equity awards vest, rather than a traditional open-market sale initiated for portfolio reasons.

What restricted stock units (RSUs) does the Coastal Financial (CCB) CFO hold and when do they vest?

The CFO’s holdings include 5,656 time-based RSUs under the 2018 Omnibus Incentive Plan. Under his retirement and retention agreement, 1,424 RSUs vest on February 5, 2026, and 4,232 RSUs vest on April 1, 2026, each delivering one share at vesting.

How many Coastal Financial (CCB) shares underlie the CFO’s RSU awards?

The CFO holds 5,656 time-based restricted stock units, each representing the right to receive one share of common stock upon vesting. These units are scheduled to vest in two tranches during early 2026 in line with his retirement and retention agreement.