Coastal Financial (CCB) CEO reports 4,000-share stock sale under 10b5-1 plan

Rhea-AI Filing Summary

Coastal Financial Corp CEO Eric M. Sprink, who is also a director, reported selling company common stock under a Rule 10b5-1 trading plan. On January 9, 2026, he sold 2,000 shares at $119.25 per share and another 2,000 shares at $118.5014 per share. After these sales, he directly beneficially owned 178,884 shares of common stock.

He also reported indirect holdings of 885 shares held by his spouse and 400 shares for each of three children through custodial accounts. His reported ownership includes 38,508 time-based restricted stock units granted under the Coastal Financial Corporation 2018 Omnibus Incentive Plan, vesting in remaining installments over multiple schedules, and 100,000 performance-based restricted stock units scheduled to vest on October 4, 2027 based on specified performance goals. Each restricted stock unit represents the right to receive 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).

X

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)
01/09/2026

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	01/09/2026		S		2,000(1)	D	$119.25	180,884(2)	D
Common Stock	01/09/2026		S		2,000(1)	D	$118.5014	178,884(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. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

2. Includes 38,508 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 9,318 of the RSUs vest in five approximately equal remaining installments; 4,219 of the RSUs vest in four approximately equal remaining installments; 10,032 of the RSUs vest in three approximately equal remaining installments; 8,366 of the RSUs vest in approximately two remaining equal installments; 6,573 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	01/13/2026
	** 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 CCB disclose for Coastal Financial Corp?

Coastal Financial Corp reported that CEO and director Eric M. Sprink sold company common stock. On January 9, 2026, he sold 2,000 shares at $119.25 per share and another 2,000 shares at $118.5014 per share.

Was the Coastal Financial (CCB) CEO stock sale made under a Rule 10b5-1 plan?

Yes. A footnote states that the sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person, Eric M. Sprink.

How many Coastal Financial shares does CEO Eric M. Sprink own after the reported sales?

After the reported transactions, Eric M. Sprink directly beneficially owned 178,884 shares of Coastal Financial common stock. He also reported indirect holdings of 885 shares by his spouse and 400 shares for each of three children through custodial accounts.

What restricted stock units (RSUs) does the CCB CEO hold according to this Form 4?

The filing states that his holdings include 38,508 time-based RSUs under the Coastal Financial Corporation 2018 Omnibus Incentive Plan, vesting over multiple remaining installments. It also includes 100,000 performance-based RSUs that vest on October 4, 2027, with the final quantity dependent on specified performance goals. Each RSU represents the right to receive one share of common stock upon vesting.

What is the relationship of the reporting person to Coastal Financial Corp (CCB)?

The reporting person, Eric M. Sprink, is identified as both a Director and an Officer of Coastal Financial Corp, with the officer title of CEO.

Does this Coastal Financial Form 4 include any derivative securities transactions?

No derivative securities transactions are listed in Table II. The table is present but does not show any acquired or disposed derivative securities; the detailed transactions reported relate to common stock and restricted stock units described in the footnotes.