Coastal Financial CCO settles RSU taxes with shares

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.

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.

Insider Trade Summary

Tax Withholding: 166 shares

Tax Withholding 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)

1. F1. Represents shares sold in payment of withholding taxes upon partial vesting of RSUs.
2. 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."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

How many CCB shares does Freddy Rivas hold after this Form 4 transaction?

Following the tax-withholding disposition, Freddy Rivas holds 11,884 shares of Coastal Financial common stock directly. This figure includes 3,002 time-based RSUs and 8,250 performance-based RSUs, each representing the right to receive one share upon vesting over future periods.

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/04/2026 - 08:58 PM Accepted by SEC EDGAR 08/04/2026 - 08:57 PM Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Rivas Freddy I

(Last) (First) (Middle)

5415 EVERGREEN WAY

(Street)

EVERETT WASHINGTON 98203

(City) (State) (Zip)

UNITED STATES

(Country)

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 Credit Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/03/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	08/03/2026		F		166(1)	D	$41.8	11,884(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 sold in payment of withholding taxes upon partial vesting of RSUs.

2. 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.

Remarks:

	/s/ Leilani McKernan, as Attorney-in-fact	08/04/2026
	** 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.
* Form 4: SEC 1474 (03-26)