Coastal Financial Corp (NASDAQ: CCB) CCO uses 166 shares to pay RSU taxes
Rhea-AI Filing Summary
Coastal Financial Corp Chief Credit Officer Freddy I. Rivas had 166 shares of common stock withheld on August 3, 2026 at $41.80 per share to pay withholding taxes upon partial vesting of RSUs. After this tax-withholding disposition, he holds 11,884 shares directly, including 3,002 time-based RSUs that vest in remaining installments and 8,250 performance-based RSUs that may vest between July 31, 2026 and July 31, 2029, each convertible into one share upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 166 shares
Net Sell
1 txn
Insider
Rivas Freddy I
Role
Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1, F2 | 166 | $41.80 | $7K |
Holdings After Transaction:
Common Stock — 11,884 shares (Direct)
Footnotes (2)
- F1. Represents shares sold in payment of withholding taxes upon partial vesting of RSUs.
- F2. Includes 3,002 time-based restricted stock units (RSUs) granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 2,063 RSUs vest in three approximately equal remaining installments; and 939 RSUs vest in four approximately equal remaining installments. Also includes 8,250 performance-based restricted stock units, which are eligible to vest during the period beginning July 31, 2026 and ending July 31, 2029, with the number of units that vest dependent on the achievement of specified performance goals. Each restricted stock unit represents the right to receive one share of common stock upon vesting.
Key Figures
Shares withheld for taxes: 166 shares
Implied share value for tax withholding: $41.80 per share
Total shares after transaction: 11,884 shares
+4 more
7 metrics
Shares withheld for taxes
166 shares
Common stock used to pay withholding taxes on partial RSU vesting on 2026-08-03
Implied share value for tax withholding
$41.80 per share
Value used in tax-withholding disposition of 166 shares of common stock
Total shares after transaction
11,884 shares
Direct holdings of Freddy I. Rivas following the tax-withholding disposition
Time-based RSUs outstanding
3,002 RSUs
Time-based restricted stock units granted under the 2018 Omnibus Incentive Plan
RSUs vesting in three installments
2,063 RSUs
Portion of time-based RSUs vesting in three approximately equal remaining installments
RSUs vesting in four installments
939 RSUs
Portion of time-based RSUs vesting in four approximately equal remaining installments
Performance-based RSUs outstanding
8,250 RSUs
Eligible to vest between July 31, 2026 and July 31, 2029 based on performance goals
Key Terms
restricted stock units, time-based restricted stock units, performance-based restricted stock units, withholding taxes, +1 more
5 terms
restricted stock units financial
"Represents shares sold in payment of withholding taxes upon partial vesting of RSUs."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
time-based restricted stock units financial
"Includes 3,002 time-based restricted stock units (RSUs) granted pursuant to the ... 2018 Omnibus Incentive Plan."
Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.
performance-based restricted stock units financial
"Also includes 8,250 performance-based restricted stock units, which are eligible to vest during the period..."
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.
withholding taxes financial
"Represents shares sold in payment of withholding taxes upon partial vesting of RSUs."
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.
2018 Omnibus Incentive Plan financial
"RSUs granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did CCB Chief Credit Officer Freddy Rivas report?
Freddy Rivas reported a tax-withholding disposition of 166 shares of Coastal Financial common stock at $41.80 per share. The shares were withheld or sold to cover taxes triggered by the partial vesting of restricted stock units (RSUs), not a discretionary open-market trade.
What RSU awards in CCB stock does Freddy Rivas currently have outstanding?
Rivas’ holdings include 3,002 time-based RSUs granted under the 2018 Omnibus Incentive Plan and 8,250 performance-based RSUs. Of the time-based RSUs, 2,063 vest in three remaining installments and 939 vest in four installments, subject to continued service and applicable conditions.
When can Freddy Rivas’s performance-based CCB RSUs vest?
The 8,250 performance-based RSUs are eligible to vest during the period beginning July 31, 2026 and ending July 31, 2029. The number that actually vests depends on the achievement of specified performance goals set under Coastal Financial’s 2018 Omnibus Incentive Plan.
Was the CCB insider transaction by Freddy Rivas under a Rule 10b5-1 plan?
The Rule 10b5-1 checkbox for this filing was not marked, so the transaction is not reported as executed under a pre-arranged trading plan. It instead reflects shares withheld to satisfy tax obligations from the partial vesting of restricted stock units.
Was Freddy Rivas’s CCB transaction an open-market sale?
No. The 166 shares were disposed of to pay withholding taxes tied to RSU vesting, as described in the footnote. This is characterized as a tax-withholding disposition rather than a voluntary open-market sale aimed at changing his investment exposure.