Coastal Financial director buys 15,000 shares

Coastal Financial Corp director and 10% owner Steven D. Hovde reported open‑market purchases of company common stock through indirect business holdings.

Rhea-AI Filing Summary

Coastal Financial Corp director and 10% owner Steven D. Hovde reported open‑market purchases of company common stock through indirect business holdings. He bought 5,000 shares on August 5, 2026 at $44.00 per share and 10,000 shares on August 6, 2026 at $43.825 per share.

Separately, he is reported as directly holding 1,717,293 common shares, which include 1,333 shares of restricted stock granted under the Coastal Financial Corporation 2018 Omnibus Incentive Plan that vest one day prior to the issuer's 2027 Annual Shareholder Meeting.

Insider Trade Summary

Net Buyer: 15,000 shares

Net Buy 3 txns

Insider HOVDE STEVEN D

Role Director, 10% Owner

Bought 15,000 shs ($658K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	10,000	$43.825	$438K
Purchase	Common Stock	5,000	$44.00	$220K
holding	Common Stock F1	--	--	--

Holdings After Transaction: Common Stock — 26,500 shares (Indirect, Business); Common Stock — 1,717,293 shares (Direct)

Footnotes (1)

1. F1. Includes restricted stock granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan which vests as follows: 1,333 shares of common stock vest one day prior to the issuer's 2027 Annual Shareholder Meeting.

Key Figures

Shares purchased 2026-08-06: 10,000 shares at $43.825 per share Shares purchased 2026-08-05: 5,000 shares at $44.00 per share Direct holdings after transactions: 1,717,293 shares +1 more

4 metrics

Shares purchased 2026-08-06 10,000 shares at $43.825 per share Open-market or private purchase of Coastal Financial Corp common stock via indirect business ownership

Shares purchased 2026-08-05 5,000 shares at $44.00 per share Open-market or private purchase of Coastal Financial Corp common stock via indirect business ownership

Direct holdings after transactions 1,717,293 shares Directly held Coastal Financial Corp common stock, including restricted shares, as reported post-transaction

Restricted stock included 1,333 shares Restricted stock under the Coastal Financial Corporation 2018 Omnibus Incentive Plan vesting one day prior to 2027 Annual Shareholder Meeting

Key Terms

restricted stock, 2018 Omnibus Incentive Plan, Annual Shareholder Meeting

3 terms

restricted stock financial

"Includes restricted stock granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan"

Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.

2018 Omnibus Incentive Plan financial

"granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan which vests as follows"

Annual Shareholder Meeting financial

"1,333 shares of common stock vest one day prior to the issuer's 2027 Annual Shareholder Meeting"

A yearly gathering where a company’s owners (shareholders) and its leaders meet to review performance, approve key decisions like electing directors, and vote on issues such as executive pay or major policy changes. Think of it as an annual town hall for people who own part of the business: investors use it to ask questions, influence direction through votes, and gauge management’s plans and transparency, all of which can affect the stock’s outlook.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider activity did CCB report for Steven D. Hovde?

Steven D. Hovde, a director and 10% owner of Coastal Financial Corp (CCB), reported buying 15,000 common shares in open‑market transactions on August 5–6, 2026 through indirect business ownership at prices around the mid‑$40 range per share.

How many CCB shares did Steven D. Hovde purchase and at what prices?

He purchased 5,000 Coastal Financial Corp (CCB) shares on August 5, 2026 at $44.00 per share and 10,000 shares on August 6, 2026 at $43.825 per share, all reported as open‑market or private purchase transactions.

How many CCB shares does Steven D. Hovde hold directly after these transactions?

The filing reports that Steven D. Hovde directly holds 1,717,293 Coastal Financial Corp (CCB) common shares. This total includes 1,333 restricted shares granted under the 2018 Omnibus Incentive Plan that vest one day before the company’s 2027 Annual Shareholder Meeting.

Are any of Steven D. Hovde’s CCB holdings restricted stock?

Yes. Of his reported 1,717,293 directly held Coastal Financial Corp (CCB) shares, 1,333 are restricted stock granted under the Coastal Financial Corporation 2018 Omnibus Incentive Plan and are scheduled to vest one day prior to the 2027 Annual Shareholder Meeting.

Were Steven D. Hovde’s recent CCB share purchases under a Rule 10b5-1 plan?

The Rule 10b5‑1 checkbox in the Coastal Financial Corp (CCB) Form 4 is not marked as a trading plan. The transactions are reported simply as open‑market or private purchases, without being designated as executed under a pre‑arranged Rule 10b5‑1 trading plan.

How are Steven D. Hovde’s recent CCB purchases characterized in terms of ownership?

Both recent Coastal Financial Corp (CCB) purchases are reported as indirect ownership with the nature of ownership listed as “Business.” His separate post‑transaction holding line reports direct ownership of 1,717,293 shares, including 1,333 restricted shares subject to vesting.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/07/2026 - 07:37 PM Accepted by SEC EDGAR 08/07/2026 - 07:36 PM Learn about SEC filing dates

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^*

HOVDE STEVEN D

(Last) (First) (Middle)

C/O 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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/05/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/05/2026		P		5,000	A	$44	16,500	I	Business
Common Stock	08/06/2026		P		10,000	A	$43.825	26,500	I	Business
Common Stock								1,717,293(1)	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. Includes restricted stock granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan which vests as follows: 1,333 shares of common stock vest one day prior to the issuer's 2027 Annual Shareholder Meeting.

Remarks:

	/s/ Leilani McKernan, as Attorney-in-fact	08/06/2026
	** 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)