Coastal Financial (CCB) CEO exercises options and covers tax withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Coastal Financial Corporation’s CEO and director Eric M. Sprink reported multiple stock option exercises and related share withholdings on January 26, 2026. He exercised options for 1,882, 2,854, 3,382 and 2,673 shares of common stock at exercise prices of $6.25, $7.10, $6.50 and $14.91 per share, increasing his direct common stock holdings before tax entries.
To cover withholding taxes and, for one option grant, exercise costs, the company withheld 4,764 and 4,312 shares, as noted by codes "F". After these transactions, Sprink directly held 160,841 common shares and indirectly held additional shares through his spouse and custodial accounts for three children. His holdings also include 27,752 time-based RSUs and 100,000 performance-based RSUs that may convert into common stock upon vesting and performance achievement.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,791 shares exercised/converted
Mixed
14 txns
Insider
Sprink Eric M
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 1,882 | $0.00 | -- |
| Exercise | Stock Options | 2,854 | $0.00 | -- |
| Exercise | Stock Options | 3,382 | $0.00 | -- |
| Exercise | Stock Options | 2,673 | $0.00 | -- |
| Exercise | Common Stock | 1,882 | $6.25 | $12K |
| Exercise | Common Stock | 2,854 | $7.10 | $20K |
| Exercise | Common Stock | 3,382 | $6.50 | $22K |
| Exercise | Common Stock | 2,673 | $14.91 | $40K |
| Tax Withholding | Common Stock | 4,764 | $109.70 | $523K |
| Tax Withholding | Common Stock | 4,312 | $111.34 | $480K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options — 0 shares (Direct);
Common Stock — 161,008 shares (Direct);
Common Stock — 885 shares (Indirect, By spouse)
Footnotes (1)
- Includes 27,752 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; 4,183 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. Represents shares withheld in payment of withholding taxes and exercise cost for NQSO included in this filing. Represents shares withheld in payment of withholding taxes upon partial vesting of RSUs. Stock options granted pursuant to the Coastal Financial Corp. 2006 Stock Option and Equity Compensation Plan vest in ten approximately equal installments commencing on February 24, 2017. Stock options granted pursuant to the Coastal Financial Corp. 2006 Stock Option and Equity Compensation Plan vest in ten approximately equal installments commencing on January 22, 2019. Stock options granted pursuant to the Coastal Financial Corp. 2006 Stock Option and Equity Compensation Plan vest in ten approximately equal installments commencing on January 26, 2018. Stock options granted pursuant to the Coastal Financial Corp. 2018 Omnibus Incentive Plan vest in ten approximately equal installments commencing on January 22, 2020.
FAQ
What did CCB CEO Eric Sprink report in this Form 4 filing?
Eric M. Sprink reported exercising several stock option grants into Coastal Financial common stock and related share withholdings for taxes and costs. The transactions occurred on January 26, 2026, and updated his direct and indirect ownership positions in the company’s common shares and equity awards.
How many Coastal Financial stock options did the CEO exercise?
Eric Sprink exercised options covering 1,882, 2,854, 3,382 and 2,673 shares of Coastal Financial common stock. These options had exercise prices of $6.25, $7.10, $6.50 and $14.91 per share, respectively, and were originally granted under the company’s 2006 and 2018 equity incentive plans.
What indirect Coastal Financial holdings are reported for the CEO?
Indirect holdings include 885 Coastal Financial common shares held by his spouse and three separate blocks of 400 shares each held by a custodian for Child 1, Child 2 and Child 3. These positions are reported as indirect beneficial ownership interests associated with Eric Sprink.
What restricted stock units (RSUs) does the CCB CEO hold?
Eric Sprink’s holdings include 27,752 time-based RSUs under the 2018 Omnibus Incentive Plan, vesting in remaining installments, and 100,000 performance-based RSUs vesting on October 4, 2027, subject to specified performance goals. Each RSU entitles him to one share of Coastal Financial common stock upon vesting.