Coastal Financial (CCB) CFO granted 673 RSUs under 2018 incentive plan

Rhea-AI Filing Summary

Coastal Financial Corp CFO Brandon John Soto received an equity grant of 673 restricted stock units (RSUs) of common stock. The award was granted at no cash cost and will vest in approximately equal installments over four years, with each RSU converting into one share upon vesting.

After this grant, Soto directly holds 33,673 shares or RSUs tied to Coastal Financial common stock. Footnotes indicate his stock awards under the 2018 Omnibus Incentive Plan now include 18,000 time-based RSUs, this new 673-unit grant, and 15,000 performance-based RSUs that may vest between October 1, 2026 and October 1, 2029 subject to employment and stock price conditions.

Insights

Equity compensation analyst

Routine RSU grant modestly increases the CFO’s long-term equity stake.

The filing shows CFO Brandon John Soto receiving 673 time-based RSUs of Coastal Financial Corp common stock as compensation under the 2018 Omnibus Incentive Plan. The grant has a four-year vesting schedule, reinforcing long-term alignment with shareholders rather than indicating a market-timing view.

Following this award, Soto’s reported direct position is 33,673 shares or RSUs. Footnotes detail additional outstanding stock awards, including 18,000 time-based RSUs and 15,000 performance-based RSUs eligible to vest between October 1, 2026 and October 1, 2029. Overall, this appears to be a standard compensation-related equity grant with neutral investment significance.

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^*

Soto Brandon John

(Last) (First) (Middle)

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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/11/2026

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	03/11/2026		A		673(1)	A	$0	33,673(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 award of time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. The RSUs vest in approximately equal installments over four years. Each restricted stock unit represents the right to receive one share of common stock upon vesting.

2. Includes the following stock awards granted pursuant to the 2018 Coastal Financial Corporation Omnibus Incentive Plan: (1) 18,000 restricted stock units (RSUs) that vest in approximately four annual and equal remaining installments (2) 673 RSUs that vest in approximately equal installments over 4 years and (3) 15,000 performance-based RSUs which are eligible to vest beginning October 1, 2026 until October 1, 2029, the quantity of which is subject to continuous employment and achievement of certain stock price conditions.

Remarks:

	/s/ Melisa Nelson, as Attorney-in-fact	03/13/2026
	** 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 did Coastal Financial Corp (CCB) disclose about its CFO in this Form 4?

Coastal Financial Corp reported that CFO Brandon John Soto received 673 restricted stock units (RSUs) of common stock as an equity award. The grant was made under the 2018 Omnibus Incentive Plan and modestly increases his long-term, stock-based compensation position.

How many Coastal Financial (CCB) shares or RSUs does the CFO hold after this transaction?

After the March 11, 2026 award, CFO Brandon John Soto is reported to hold 33,673 shares or RSUs of Coastal Financial common stock directly. This figure reflects his position immediately following the grant of 673 new restricted stock units disclosed in the filing.

What are the vesting terms of the 673 RSUs granted to Coastal Financial’s CFO?

The 673 restricted stock units granted to Coastal Financial’s CFO vest in approximately equal installments over four years. Each RSU represents the right to receive one share of common stock when vested, providing long-term, service-based incentives rather than immediate cash compensation.

Under which plan were the new RSUs to the Coastal Financial (CCB) CFO granted?

The 673 RSUs were granted under the Coastal Financial Corporation 2018 Omnibus Incentive Plan. Footnotes state that this plan also covers other existing stock awards, including time-based and performance-based RSUs with vesting tied to service and stock price conditions.

What other RSU awards are outstanding for the Coastal Financial CFO besides the new 673 units?

Footnotes indicate the CFO has 18,000 time-based RSUs vesting in four remaining annual installments and 15,000 performance-based RSUs. The performance-based units are eligible to vest from October 1, 2026 to October 1, 2029, depending on continuous employment and specific stock price conditions.

Is the Coastal Financial CFO’s Form 4 transaction a market purchase or sale of CCB stock?

The Form 4 does not show a market purchase or sale. Instead, it reports a compensation-related acquisition coded as a grant of 673 restricted stock units at a stated price of $0.00 per share, reflecting non-cash equity compensation rather than an open-market trade.