Coastal Financial (CCB) director and 10% owner discloses stock sales

Rhea-AI Filing Summary

Coastal Financial Corp director and 10% owner filed a Form 4 reporting sales of company common stock. On December 10, 2025, the insider reported two open-market sales of 1,500 shares of common stock each, at prices of $116 and $118.5 per share, coded as disposition transactions.

After these trades, the filing shows beneficial ownership of 1,715,960 shares of common stock, held directly, along with additional indirectly held shares through a business entity, including reported post-transaction balances of 13,000 and 11,500 shares for those indirect accounts. Beneficial ownership also includes 1,090 shares of restricted stock granted under the 2018 Omnibus Incentive Plan that are scheduled to vest one day before the company’s 2026 annual shareholder meeting.

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^*

HOVDE STEVEN D

(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	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
12/10/2025

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								1,715,960(1)	D
Common Stock	12/10/2025		S		1,500	D	$116	13,000	I	Business
Common Stock	12/10/2025		S		1,500	D	$118.5	11,500	I	Business

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. Includes restricted stock granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan which vests as follows: 1,090 shares of common stock vest one day prior to the issuer's 2026 Annual Shareholder Meeting

Remarks:

	/s/ Melisa Nelson, as Attorney-in-fact	12/11/2025
	** 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 stock transactions did Coastal Financial (CCB) report in this Form 4?

The Form 4 reports that a director and 10% owner of Coastal Financial Corp sold 1,500 shares of common stock at $116 per share and another 1,500 shares at $118.5 per share on December 10, 2025, both coded as sales of shares.

When did the reported Coastal Financial (CCB) insider trades take place?

The earliest transaction date shown is December 10, 2025, when the insider executed two sales of Coastal Financial common stock.

How many Coastal Financial (CCB) shares does the insider beneficially own after these transactions?

Following the reported trades, the filing lists 1,715,960 shares of Coastal Financial common stock held directly. It also shows indirect business holdings with reported post-transaction amounts of 13,000 shares and 11,500 shares for the respective accounts.

What does the restricted stock footnote in the Coastal Financial (CCB) Form 4 explain?

The footnote states that the reported holdings include restricted stock granted under the Coastal Financial Corporation 2018 Omnibus Incentive Plan, including 1,090 shares of common stock that will vest one day prior to the issuer’s 2026 annual shareholder meeting.

What is the reporting person’s relationship to Coastal Financial (CCB)?

The reporting person is identified as both a Director of Coastal Financial Corp and a 10% Owner, indicating a significant ownership stake and board-level role.

Does this Coastal Financial (CCB) Form 4 involve direct and indirect share ownership?

Yes. The Form 4 shows direct ownership of 1,715,960 shares of common stock and also reports indirect ownership through a business entity, with post-transaction indirect balances of 13,000 and 11,500 shares in the accounts described as “Business.”