Coastal Financial director granted 1,333 restricted shares

HOVDE STEVEN D reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

HOVDE STEVEN D reported acquisition or exercise transactions in this Form 4 filing.

Coastal Financial Corp director and 10% owner Steven D. Hovde received a grant of 1,333 shares of restricted common stock at no cost under the company’s 2018 Omnibus Incentive Plan. These shares vest one day before the issuer’s 2027 Annual Shareholder Meeting, bringing his direct holdings to 1,717,293 shares and indirect business-related holdings to 11,500 shares.

Insider Trade Summary

Grant/Award: 1,333 shares

Grant/Award 2 txns

Insider HOVDE STEVEN D

Role Director, 10% Owner

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,333	$0.00	$0.00
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 1,717,293 shares (Direct); Common Stock — 11,500 shares (Indirect, Business)

Footnotes (1)

1. F1. Restricted stock granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan which vests one day prior to the issuer's 2027 Annual Shareholder Meeting.

Key Figures

Restricted stock grant: 1,333 shares Grant price per share: $0.0000 per share Direct holdings after grant: 1,717,293 shares +3 more

6 metrics

Restricted stock grant 1,333 shares Common Stock award on 2026-05-26, code A

Grant price per share $0.0000 per share Compensation award, not market purchase

Direct holdings after grant 1,717,293 shares Common Stock held directly following acquisition

Indirect business holdings 11,500 shares Common Stock held indirectly with nature of ownership “Business”

Plan year 2018 Coastal Financial Corporation 2018 Omnibus Incentive Plan

Vesting timing Before 2027 meeting Vests one day prior to 2027 Annual Shareholder Meeting

Key Terms

Restricted stock, 2018 Omnibus Incentive Plan, Annual Shareholder Meeting, Grant, award, or other acquisition, +1 more

5 terms

Restricted stock financial

"Restricted stock granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

2018 Omnibus Incentive Plan financial

"Coastal Financial Corporation 2018 Omnibus Incentive Plan which vests one day prior"

Annual Shareholder Meeting financial

"vests one day prior to the issuer's 2027 Annual Shareholder Meeting"

A yearly gathering where a company’s owners (shareholders) and its leaders meet to review performance, approve key decisions like electing directors, and vote on issues such as executive pay or major policy changes. Think of it as an annual town hall for people who own part of the business: investors use it to ask questions, influence direction through votes, and gauge management’s plans and transparency, all of which can affect the stock’s outlook.

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

indirect ownership financial

"ownership_type": "indirect", "nature_of_ownership": "Business""

FAQ

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

What insider transaction did CCB director Steven D. Hovde report?

Steven D. Hovde reported receiving 1,333 shares of restricted common stock in Coastal Financial Corp. The award was granted at no cost as compensation and is classified as a grant, award, or other acquisition under Form 4 reporting rules.

When do Steven D. Hovde’s new restricted CCB shares vest?

The 1,333 restricted Coastal Financial Corp shares vest one day before the issuer’s 2027 Annual Shareholder Meeting. Vesting ties the award to long-term service through that meeting, aligning the director’s compensation with the company’s multi-year governance cycle.

How many Coastal Financial Corp shares does Steven D. Hovde hold after this grant?

After the grant, Steven D. Hovde holds 1,717,293 shares of Coastal Financial Corp common stock directly. The Form 4 also shows 11,500 shares held indirectly under a business-related ownership status, providing additional context on his overall economic interest.

Was Steven D. Hovde’s Form 4 transaction a market purchase of CCB stock?

No, the Form 4 shows a grant of 1,333 restricted shares coded as an acquisition (A), not an open-market purchase. The transaction price per share is reported as 0.0000, indicating compensation rather than buying shares in the market.

Under which plan was the new CCB restricted stock granted to Steven D. Hovde?

The 1,333 restricted shares were granted under the Coastal Financial Corporation 2018 Omnibus Incentive Plan. This plan authorizes equity-based awards, such as restricted stock, that typically vest over time to encourage long-term alignment with shareholders.

Does Steven D. Hovde have indirect ownership of Coastal Financial Corp shares?

Yes, the Form 4 lists 11,500 shares of Coastal Financial Corp common stock as indirectly owned with a nature of ownership labeled “Business.” This is in addition to his directly held shares reported after the restricted stock grant.

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

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Accepted by SEC EDGAR 05/28/2026 - 06:48 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^*

HOVDE STEVEN D

(Last) (First) (Middle)

C/O 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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/26/2026

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	05/26/2026		A		1,333(1)	A	$0	1,717,293	D
Common Stock								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. Restricted stock granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan which vests one day prior to the issuer's 2027 Annual Shareholder Meeting.

Remarks:

	/s/ Melisa Nelson, as Attorney-in-fact	05/28/2026
	** 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)