Tax withholding reduces Coastal Financial (NASDAQ: CCB) CRO share position

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Coastal Financial Corp Chief Risk Officer Elizabeth Ann Sarvela reported a tax-related share disposition tied to restricted stock unit vesting. On this date, 68 shares of common stock were withheld at $75.80 per share to cover withholding taxes upon partial vesting of RSUs.

After this withholding, she directly holds 3,293 shares of common stock, including 2,168 time-based restricted stock units granted under the Coastal Financial Corporation 2018 Omnibus Incentive Plan that will vest in remaining annual installments.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Sarvela Elizabeth Ann

Role Chief Risk Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	68	$75.80	$5K

Holdings After Transaction: Common Stock — 3,293 shares (Direct, null)

Footnotes (1)

Represents shares withheld in payment of withholding taxes upon partial vesting of RSUs. Includes 2,168 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 191 RSUs vest in one remaining annual installment; 658 RSUs vest in approximately two equal remaining annual installments; 434 RSUs vest in approximately three equal remaining annual installments and 885 RSUs vest in approximately four equal remaining installments. Each restricted stock unit represents the right to receive one share of common stock upon vesting.

Key Figures

Tax-withheld shares: 68 shares Withholding price: $75.80 per share Shares after transaction: 3,293 shares +2 more

5 metrics

Tax-withheld shares 68 shares Withheld to cover RSU-related withholding taxes

Withholding price $75.80 per share Value used for 68 shares withheld for taxes

Shares after transaction 3,293 shares Total common shares directly held after tax withholding

Unvested RSUs 2,168 RSUs Time-based RSUs under 2018 Omnibus Incentive Plan

RSUs vesting pattern 191 / 658 / 434 / 885 units RSUs vest over one, two, three, and four remaining annual installments

Key Terms

restricted stock units, withholding taxes, 2018 Omnibus Incentive Plan, time-based restricted stock units

4 terms

restricted stock units financial

"Represents shares withheld in payment of withholding taxes upon partial vesting of RSUs."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

withholding taxes financial

"Represents shares withheld 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.

2018 Omnibus Incentive Plan financial

"Includes 2,168 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan."

time-based restricted stock units financial

"Includes 2,168 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan."

Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.

Form 4 Insider Transactions: What Each Field Means →

05/04/2026 - 07:37 PM

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^*

Sarvela Elizabeth Ann

(Last)

(First)

(Middle)

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/04/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/04/2026		F		68⁽¹⁾	D	$75.8	3,293⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents shares withheld in payment of withholding taxes upon partial vesting of RSUs.

2. Includes 2,168 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 191 RSUs vest in one remaining annual installment; 658 RSUs vest in approximately two equal remaining annual installments; 434 RSUs vest in approximately three equal remaining annual installments and 885 RSUs vest in approximately four equal remaining installments. Each restricted stock unit represents the right to receive one share of common stock upon vesting.

Remarks:

	/s/ Melisa Nelson, as Attorney-in-fact	05/04/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Coastal Financial (CCB) report for Elizabeth Ann Sarvela?

Coastal Financial reported that Chief Risk Officer Elizabeth Ann Sarvela had 68 common shares withheld to cover taxes on partially vesting RSUs. This tax-withholding disposition reflects shares delivered to satisfy obligations, not an open-market sale or purchase of stock.

How many Coastal Financial (CCB) shares were involved in the tax withholding?

The transaction involved 68 shares of Coastal Financial common stock withheld at $75.80 per share. These shares were applied toward withholding taxes triggered by a partial vesting of restricted stock units, according to the filing’s transaction code and accompanying footnote disclosure.

How many Coastal Financial (CCB) shares does Elizabeth Ann Sarvela own after this transaction?

Following the tax-withholding disposition, Elizabeth Ann Sarvela directly holds 3,293 Coastal Financial common shares. This total includes 2,168 time-based restricted stock units that will convert into common shares upon future vesting under the company’s 2018 Omnibus Incentive Plan.

Are the withheld Coastal Financial (CCB) shares an open-market sale by the CRO?

No, the 68 shares were not sold in the open market. The filing identifies the transaction as shares withheld in payment of withholding taxes upon partial RSU vesting, meaning the shares were delivered to satisfy tax obligations rather than sold to public investors.

What restricted stock units does the Coastal Financial (CCB) CRO hold after vesting?

After the reported vesting event, Elizabeth Ann Sarvela holds 2,168 time-based restricted stock units. The filing explains these RSUs vest in one, two, three, and four remaining annual installments, each unit representing the right to receive one Coastal Financial common share upon vesting.

Which equity plan governs the CRO’s Coastal Financial (CCB) RSU awards?

The restricted stock units are issued under the Coastal Financial Corporation 2018 Omnibus Incentive Plan. This plan provides time-based RSUs that vest over several annual installments, with each vested unit entitling the holder to receive one share of common stock from the company.