Coastal Financial director sells 3,079 shares
Coastal Financial Corp director and CCBX president Brian T. Hamilton reported an open‑market sale of company stock and a separate tax‑related share disposition.
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Form Type
4
Rhea-AI Filing Summary
Coastal Financial Corp director and CCBX president Brian T. Hamilton reported an open‑market sale of company stock and a separate tax‑related share disposition. He sold 3,079 shares of common stock at an average price of $75.4378 per share in an open‑market transaction.
In a separate transaction, 230 shares were disposed of to cover withholding taxes upon partial vesting of restricted stock units (RSUs), which is a non‑market event. After these transactions, he directly holds 74,571 shares of common stock, plus additional RSUs scheduled to vest over several years.
According to a footnote, the sale was effected under a pre‑arranged Rule 10b5‑1 trading plan adopted by the reporting person, indicating the timing was planned in advance rather than discretionary.
Insider Trade Summary 10b5-1
Net Seller: 3,079 shares
Net Sell
2 txns
Insider
Hamilton Brian T
Role
President of CCBX
Sold
3,079 shs ($232K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 230 | $75.4378 | $17K |
| Sale | Common Stock | 3,079 | $75.4378 | $232K |
Holdings After Transaction:
Common Stock — 74,571 shares (Direct)
Footnotes (3)
- F1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 plan adopted by the reporting person.
- F2. Represents shares sold in payment of withholding taxes upon partial vesting of RSUs.
- F3. Includes the following pursuant to the 2018 Coastal Financial Corporation Omnibus Incentive Plan: (1) 13,373 restricted stock units (RSUs) with remaining shares vesting monthly in an approximately equal amount through April 30, 2028 (2) 2,714 RSUs that vest in approximately equal installments over 4 years (3) 15,000 performance-based RSUs - eligible to vest on April 30, 2028, subject to continuous employment and achievement of return on equity that is at least 80% of company comparator peer group. (4) 502 RSUs that vest in three approximately equal annual remaining installments. Each RSU represents the right to receive one share of common stock upon vesting.
Key Figures
Open-market shares sold: 3,079 shares
Sale price per share: $75.4378 per share
Tax-withholding shares: 230 shares
+5 more
8 metrics
Open-market shares sold
3,079 shares
Common Stock, transaction code S on May 1, 2026 at $75.4378
Sale price per share
$75.4378 per share
Open-market sale of 3,079 common shares
Tax-withholding shares
230 shares
Code F disposition to pay withholding taxes on RSU vesting
Direct shares after transactions
74,571 shares
Common Stock directly owned following open-market sale
Monthly vesting RSUs
13,373 RSUs
Vest monthly in approximately equal amounts through April 30, 2028
Four-year vesting RSUs
2,714 RSUs
Vest in approximately equal installments over 4 years
Performance-based RSUs
15,000 RSUs
Eligible to vest on April 30, 2028, subject to conditions
Three-year vesting RSUs
502 RSUs
Vest in three approximately equal remaining annual installments
Key Terms
Rule 10b5-1 plan, restricted stock units (RSUs), performance-based RSUs, withholding taxes, +1 more
5 terms
Rule 10b5-1 plan regulatory
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 plan adopted by the reporting person."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
restricted stock units (RSUs) financial
"Represents shares sold in payment of withholding taxes upon partial vesting of RSUs."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
performance-based RSUs financial
"15,000 performance-based RSUs - eligible to vest on April 30, 2028, subject to continuous employment and achievement of return on equity criteria."
Performance-based restricted stock units (RSUs) are promises to deliver company shares to employees only if the business meets specific goals, such as revenue, profit, stock-price targets, or strategic milestones. For investors, they matter because they change future share supply and align management incentives with company results—like a salesperson whose bonus only pays out when sales targets are hit—so they can affect earnings, dilution, and confidence in leadership.
withholding taxes financial
"Represents shares sold in payment of withholding taxes upon partial vesting of RSUs."
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
Omnibus Incentive Plan financial
"Includes the following pursuant to the 2018 Coastal Financial Corporation Omnibus Incentive Plan:"
An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Brian T. Hamilton report in this Form 4 for CCB (Coastal Financial)?
Brian T. Hamilton reported selling 3,079 shares of Coastal Financial common stock at $75.4378 per share and a separate disposition of 230 shares to cover withholding taxes on RSU vesting, while retaining 74,571 shares directly plus additional unvested RSUs.
Was the Coastal Financial (CCB) insider sale made under a Rule 10b5-1 plan?
Yes. A footnote states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted by Brian T. Hamilton, meaning the transactions were pre‑scheduled in advance and not timed at his sole discretion in response to short‑term market conditions.
What RSU awards does Brian T. Hamilton hold under Coastal Financial’s 2018 Omnibus Incentive Plan?
A footnote states his holdings include 13,373 RSUs vesting monthly through April 30, 2028, 2,714 RSUs vesting over four years, 15,000 performance‑based RSUs eligible to vest by April 30, 2028, and 502 RSUs vesting in three remaining annual installments.
AI-generated analysis. How Rhea-AI works. Not financial advice.
