Coastal Financial insider reports tax share disposition
COASTAL FINANCIAL CORP director and officer Brian T. Hamilton reported a tax-withholding disposition of 228 shares of Common Stock at $76.686 per share on April 1, 2026.
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Form Type
4
Rhea-AI Filing Summary
COASTAL FINANCIAL CORP director and officer Brian T. Hamilton reported a tax-withholding disposition of 228 shares of Common Stock at $76.686 per share on April 1, 2026. The shares were sold to cover withholding taxes upon partial vesting of performance stock units under a Rule 10b5-1 plan.
After this transaction, Hamilton directly holds 77,880 shares of Common Stock, including multiple tranches of restricted stock units and performance-based RSUs scheduled to vest through April 30, 2028, subject to continued employment and specified return-on-equity performance conditions.
Insider Trade Summary 10b5-1
Exercise Price or Tax Liability: 228 shares
Exercise Price or Tax Liability
1 txn
Insider
Hamilton Brian T
Role
President of CCBX
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 228 | $76.686 | $17K |
Holdings After Transaction:
Common Stock — 77,880 shares (Direct)
Footnotes (3)
- F1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 plan adopted by the reporting person.
- F2. Represents shares sold in payment of withholding taxes upon partial vesting of PSUs.
- F3. Includes the following pursuant to the 2018 Coastal Financial Corporation Omnibus Incentive Plan: (1) 13,954 restricted stock units (RSUs) with remaining shares vesting monthly in an approximately equal amount through April 30, 2028 (2) 2,714 RSUs that vest in approximately equal installments over 4 years (3) 15,000 performance-based RSUs - eligible to vest on April 30, 2028, subject to continuous employment and achievement of return on equity that is at least 80% of company comparator peer group. (4) 502 RSUs that vest in three approximately equal annual remaining installments. Each RSU represents the right to receive one share of common stock upon vesting.
Key Figures
Tax-withholding shares disposed: 228 shares
Disposition price: $76.686 per share
Shares held after transaction: 77,880 shares
+4 more
7 metrics
Tax-withholding shares disposed
228 shares
Common Stock sold to cover withholding taxes on April 1, 2026
Disposition price
$76.686 per share
Price for 228 shares used to pay withholding taxes
Shares held after transaction
77,880 shares
Direct Common Stock holdings following the Form 4 transaction
Monthly-vesting RSUs
13,954 RSUs
RSUs vesting monthly in approximately equal amounts through April 30, 2028
Four-year RSU grant
2,714 RSUs
RSUs vesting in approximately equal installments over four years
Performance-based RSUs
15,000 RSUs
Eligible to vest on April 30, 2028 if ROE is at least 80% of peer group
Additional time-based RSUs
502 RSUs
Vest in three remaining approximately equal annual installments
Key Terms
Rule 10b5-1 plan, withholding taxes, restricted stock units (RSUs), performance-based RSUs, +2 more
6 terms
Rule 10b5-1 plan regulatory
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 plan adopted by the reporting person."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
withholding taxes financial
"Represents shares sold in payment of withholding taxes upon partial vesting of PSUs."
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
restricted stock units (RSUs) financial
"Includes the following pursuant to the 2018 Coastal Financial Corporation Omnibus Incentive Plan: (1) 13,954 restricted stock units (RSUs) with remaining shares vesting monthly..."
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 RSUs financial
"(3) 15,000 performance-based RSUs - eligible to vest on April 30, 2028, subject to continuous employment and achievement of return on equity..."
Performance-based restricted stock units (RSUs) are promises to deliver company shares to employees only if the business meets specific goals, such as revenue, profit, stock-price targets, or strategic milestones. For investors, they matter because they change future share supply and align management incentives with company results—like a salesperson whose bonus only pays out when sales targets are hit—so they can affect earnings, dilution, and confidence in leadership.
Omnibus Incentive Plan financial
"Includes the following pursuant to the 2018 Coastal Financial Corporation 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.
return on equity financial
"subject to continuous employment and achievement of return on equity that is at least 80% of company comparator peer group."
Return on equity shows how effectively a company uses its shareholders' money to generate profit. It is calculated by dividing the company's net profit by its shareholders' equity, indicating how much profit is earned for each dollar invested by owners. Higher return on equity suggests the company is good at turning investments into earnings, which can be an important factor for investors assessing its profitability and efficiency.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did CCB insider Brian T. Hamilton report in this Form 4?
Brian T. Hamilton reported a tax-withholding disposition of 228 shares of Coastal Financial Corp Common Stock. The shares were sold at $76.686 each to cover withholding taxes from partial vesting of performance stock units under an established compensation plan.
What equity awards in CCB does Hamilton still have outstanding?
Hamilton’s holdings include 13,954 RSUs vesting monthly through April 30, 2028, 2,714 RSUs vesting over four years, 15,000 performance-based RSUs eligible to vest on April 30, 2028, and 502 RSUs vesting in three remaining annual installments, each representing one share upon vesting.
Was this CCB insider transaction made under a Rule 10b5-1 plan?
Yes. The Form 4 notes that the sales were effected pursuant to a Rule 10b5-1 plan adopted by Hamilton. Such plans pre-schedule trades, indicating the timing of this tax-withholding transaction was determined in advance rather than based on short-term market conditions.
What performance conditions apply to Hamilton’s CCB performance-based RSUs?
Hamilton holds 15,000 performance-based RSUs eligible to vest on April 30, 2028. Vesting requires continuous employment and that Coastal Financial’s return on equity reach at least 80% of a defined company comparator peer group, aligning part of his compensation to relative profitability.
AI-generated analysis. How Rhea-AI works. Not financial advice.
