Coastal Financial (CCB) CEO logs planned stock sales in Form 4

Rhea-AI Filing Summary

Coastal Financial Corp CEO Eric M. Sprink, who also serves as a director, reported open-market sales of company common stock under a pre-arranged Rule 10b5-1 trading plan. On January 21, 2026, he sold 8,402 shares at an average price of $114.2714 per share, and on January 22, 2026, he sold 4,000 shares at an average price of $116.0088 per share, both reported as directly owned.

After these transactions, Sprink beneficially owned 159,126 shares of Coastal Financial common stock directly, which includes 38,508 time-based restricted stock units that vest in remaining installments and 100,000 performance-based restricted stock units scheduled to vest on October 4, 2027, subject to performance goals. He also reported indirect holdings of common stock through his spouse and custodial accounts for three children.

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).

X

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^*

Sprink Eric M

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

3. Date of Earliest Transaction (Month/Day/Year)
01/21/2026

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	01/21/2026		S		8,402(1)	D	$114.2714	163,126(2)	D
Common Stock	01/22/2026		S		4,000(1)	D	$116.0088	159,126(2)	D
Common Stock								885	I	By spouse
Common Stock								400	I	By Custodian for Child 3
Common Stock								400	I	By Custodian for Child 2
Common Stock								400	I	By Custodian for Child 1

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. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

2. Includes 38,508 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 9,318 of the RSUs vest in five approximately equal remaining installments; 4,219 of the RSUs vest in four approximately equal remaining installments; 10,032 of the RSUs vest in three approximately equal remaining installments; 8,366 of the RSUs vest in approximately two remaining equal installments; 6,573 of the RSUs vest in approximately one remaining equal installment. Also includes 100,000 shares of performance-based restricted stock units that vest on October 4, 2027, the quantity of which is dependent upon achievement of specified performance goals. Each restricted stock unit represents the right to receive one share of common stock upon vesting.

Remarks:

	/s/ Melisa Nelson, as Attorney-in-fact	01/23/2026
	** 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.

FAQ

What insider transaction did CCB CEO Eric M. Sprink report?

Eric M. Sprink, CEO and director of Coastal Financial Corp (CCB), reported two open-market sales of common stock. On January 21, 2026, he sold 8,402 shares at $114.2714 per share, and on January 22, 2026, he sold 4,000 shares at $116.0088 per share.

Were the CCB insider share sales by the CEO discretionary or under a plan?

The filing states that the sales were effected under a Rule 10b5-1 trading plan adopted by Eric M. Sprink. Such plans allow pre-scheduled trades according to predetermined instructions.

How many CCB shares does the CEO beneficially own after these transactions?

Following the reported sales, Eric M. Sprink beneficially owned 159,126 shares of Coastal Financial common stock directly. This figure includes both regular shares and restricted stock units as described in the filing.

What restricted stock units (RSUs) are included in the CEO’s CCB holdings?

The reported direct holdings include 38,508 time-based RSUs that vest over remaining installments and 100,000 performance-based RSUs that vest on October 4, 2027, with the quantity tied to specified performance goals. Each RSU represents the right to receive one share of common stock upon vesting.

Does the CCB CEO report any indirect ownership of company shares?

Yes. In addition to direct holdings, the filing lists indirect ownership of 885 shares through his spouse and 400 shares each in custodial accounts for three children, all in Coastal Financial common stock.

What is the significance of Rule 10b5-1 in this CCB insider sale filing?

Rule 10b5-1 trading plans allow insiders to schedule trades in advance. The filing notes that the reported sales were executed under such a plan adopted by the CEO, indicating they followed pre-set instructions rather than ad hoc decisions.