Coastal Financial (CCB) CEO exercises options and covers tax withholdings

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.

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

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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^*

Sprink Eric M

(Last) (First) (Middle)

C/O 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/26/2026

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	01/26/2026		M		1,882	A	$6.25	161,008(1)	D
Common Stock	01/26/2026		M		2,854	A	$7.1	163,862(1)	D
Common Stock	01/26/2026		M		3,382	A	$6.5	167,244(1)	D
Common Stock	01/26/2026		M		2,673	A	$14.91	169,917(1)	D
Common Stock	01/26/2026		F		4,764(2)	D	$109.7	165,153(1)	D
Common Stock	01/26/2026		F		4,312(3)	D	$111.34	160,841(1)	D
Common Stock								885	I	By spouse
Common Stock								400	I	By Custodian for Child 3
Common Stock								400	I	By Custodian for Child 2
Common Stock								400	I	By Custodian for Child 1

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
Stock Options	$6.25	01/26/2026		M			1,882	02/24/2017(4)	02/24/2026	Common Stock	1,882	$0	0	D
Stock Options	$7.1	01/26/2026		M			2,854	01/22/2019(5)	01/22/2028	Common Stock	2,854	$0	5,710	D
Stock Options	$6.5	01/26/2026		M			3,382	01/26/2018(6)	01/26/2027	Common Stock	3,382	$0	3,383	D
Stock Options	$14.91	01/26/2026		M			2,673	01/22/2020(7)	01/22/2029	Common Stock	2,673	$0	8,022	D

Explanation of Responses:

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.

2. Represents shares withheld in payment of withholding taxes and exercise cost for NQSO included in this filing.

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

4. 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.

5. 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.

6. 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.

7. Stock options granted pursuant to the Coastal Financial Corp. 2018 Omnibus Incentive Plan vest in ten approximately equal installments commencing on January 22, 2020.

Remarks:

	/s/ Melisa Nelson, as Attorney-in-fact	01/28/2026
	** 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.
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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.

Why were some CCB shares reported with transaction code "F"?

Shares marked with transaction code "F" represent stock withheld to pay withholding taxes and, for one nonqualified stock option, the related exercise cost. In this filing, 4,764 shares and 4,312 shares of Coastal Financial common stock were withheld instead of being received as net shares by the CEO.

What is Eric Sprink’s direct Coastal Financial shareholding after these transactions?

Following the January 26, 2026 transactions, Eric Sprink directly owned 160,841 shares of Coastal Financial common stock. This figure reflects option exercises into common shares and subsequent share withholdings for tax and cost obligations, as reported in the non-derivative securities ownership table.

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.