Director at Coastal Financial gets 1,404 restricted shares

Patterson Michael Robert reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Patterson Michael Robert reported acquisition or exercise transactions in this Form 4 filing.

COASTAL FINANCIAL CORP director Michael Robert Patterson was granted 1,404 shares of restricted common stock. The award carried a stated price of $0.00 per share and increased his direct holdings to 8,294 shares.

The restricted stock was issued under the Coastal Financial Corporation 2018 Omnibus Incentive Plan and is scheduled to vest one day prior to the company’s 2027 Annual Shareholder Meeting, tying the award to longer-term board service.

Insider Trade Summary

Grant/Award: 1,404 shares

Grant/Award 1 txn

Insider Patterson Michael Robert

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,404	$0.00	$0.00

Holdings After Transaction: Common Stock — 8,294 shares (Direct)

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: 1,404 shares Transaction price: $0.00 per share Holdings after grant: 8,294 shares +1 more

4 metrics

Restricted stock grant 1,404 shares Common Stock awarded to director on May 26, 2026

Transaction price $0.00 per share Stated price for the restricted stock award

Holdings after grant 8,294 shares Total direct common stock owned following the award

Vesting timing One day before 2027 meeting Restricted stock vests one day prior to 2027 Annual Shareholder Meeting

Key Terms

Restricted stock, 2018 Omnibus Incentive Plan, Annual Shareholder Meeting

3 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

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

Annual Shareholder Meeting financial

"which 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.

FAQ

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

What insider transaction did CCB director Michael Robert Patterson report?

Michael Robert Patterson reported receiving 1,404 shares of restricted common stock in COASTAL FINANCIAL CORP. The grant was reported as an acquisition under a compensation award, not an open-market purchase or sale, and increased his direct holdings to 8,294 shares.

How many Coastal Financial (CCB) shares does Michael Robert Patterson now hold?

After the restricted stock award, Michael Robert Patterson directly holds 8,294 shares of Coastal Financial common stock. This reflects the addition of 1,404 restricted shares granted as compensation, which are subject to vesting conditions tied to the company’s 2027 Annual Shareholder Meeting.

What type of equity award did CCB grant to director Michael Robert Patterson?

Coastal Financial granted Michael Robert Patterson restricted stock totaling 1,404 shares of common stock. These shares were issued under the Coastal Financial Corporation 2018 Omnibus Incentive Plan and are designed as compensation, with vesting scheduled in connection with the 2027 Annual Shareholder Meeting.

When do Michael Robert Patterson’s new CCB restricted shares vest?

The 1,404 restricted shares granted to Michael Robert Patterson vest one day prior to Coastal Financial’s 2027 Annual Shareholder Meeting. Until vesting, the shares remain subject to award terms under the company’s 2018 Omnibus Incentive Plan, aligning the grant with ongoing board service.

Did Michael Robert Patterson pay a purchase price for the new CCB shares?

The filing lists a transaction price of $0.00 per share for Michael Robert Patterson’s 1,404 restricted shares. This indicates the award was granted as compensation rather than bought in the market, consistent with issuance under the 2018 Omnibus Incentive Plan.

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

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Accepted by SEC EDGAR 05/28/2026 - 06:44 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^*

Patterson Michael Robert

(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		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		1,404(1)	A	$0	8,294	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. 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)