Coastal Financial (NASDAQ: CCB) CEO receives 4,860 RSUs equity grant

Rhea-AI Filing Summary

Sprink Eric M reported acquisition or exercise transactions in this Form 4 filing.

COASTAL FINANCIAL CORP CEO equity grant: CEO Eric M. Sprink received 4,860 shares of Common Stock on 2026-03-11 as a grant of time-based restricted stock units under the 2018 Omnibus Incentive Plan, at a grant price of $0.00 per share.

The RSUs vest in approximately equal installments over four years, with each unit delivering one share of common stock upon vesting. Following the grant, he holds 163,238 shares directly, plus indirect holdings of 885 shares by spouse and 400 shares each as custodian for three children.

Footnotes state his position includes 26,351 time-based RSUs with staggered annual vesting schedules and 100,000 performance-based RSUs that vest on October 4, 2027, subject to specified performance goals.

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^*

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)
03/11/2026

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	03/11/2026		A		4,860(1)	A	$0	163,238(2)	D
Common Stock								885	I	By spouse
Common Stock								400	I	By Custodian for Child 1
Common Stock								400	I	By Custodian for Child 2
Common Stock								400	I	By Custodian for Child 3

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 award of time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. The RSUs vest in approximately equal installments over four years. Each restricted stock unit represents the right to receive one share of common stock upon vesting.

2. Includes 26,351 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 7,455 of the RSUs vest in four approximately equal annual remaining installments; 3,165 of the RSUs vest in three approximately equal annual remaining installments; 6,688 of the RSUs vest in approximately two equal annual remaining installments; 4,183 of the RSUs vest in approximately one equal annual remaining installment; 4,860 of the RSUs vest in approximately equal installments over four years. 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	03/13/2026
	** 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).
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FAQ

What did CCB CEO Eric Sprink acquire in this Form 4 filing?

Eric M. Sprink received 4,860 time-based restricted stock units of Coastal Financial common stock. These RSUs were granted at a price of $0.00 per share as equity compensation under the company’s 2018 Omnibus Incentive Plan, not through an open-market stock purchase.

How do the 4,860 RSUs granted to CCB’s CEO vest over time?

The 4,860 restricted stock units vest in approximately equal installments over four years. Each RSU converts into one share of Coastal Financial common stock upon vesting, spreading the CEO’s equity award over a multi-year period tied to continued service and compensation structure.

What are Eric Sprink’s total direct and indirect CCB share holdings after the grant?

After the grant, Eric Sprink directly holds 163,238 shares of Coastal Financial common stock. Indirectly, he has 885 shares held by his spouse and 400 shares each held as custodian for three children, reflecting additional family-related ownership reported in the Form 4.

What additional RSUs are disclosed for CCB’s CEO beyond the 4,860 grant?

Footnotes disclose 26,351 time-based RSUs with various remaining annual vesting schedules for Eric Sprink. They also list 100,000 performance-based RSUs that vest on October 4, 2027, with the final quantity dependent on achieving specified performance goals set by Coastal Financial.

Is the CCB CEO’s Form 4 transaction a market buy or sell of shares?

The Form 4 shows a grant of 4,860 restricted stock units, not an open-market trade. The transaction uses code A, described as a grant, award, or other acquisition, indicating compensation-related equity rather than a discretionary market purchase or sale of Coastal Financial shares.