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Coastal Financial (NASDAQ: CCB) CEO sells 11,000 shares under plan

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Coastal Financial Corporation CEO Eric M. Sprink reported open-market sales of company common stock under a pre-arranged Rule 10b5-1 trading plan. On January 6, 2026, he sold 8,000 shares at an average price of $116.3492 per share, and on January 7, 2026, he sold 3,000 shares at $117.6 per share.

After these sales, Sprink beneficially owns 182,884 shares directly, which include 38,508 time-based RSUs that vest in remaining scheduled installments and 100,000 performance-based RSUs that vest on October 4, 2027 based on specified performance goals. He also reports indirect holdings of 400 shares for each of three children through custodial accounts and 885 shares held by his spouse.

Positive

  • None.

Negative

  • None.
Insider Sprink Eric M
Role CEO
Sold 11,000 shs ($1.28M)
Type Security Shares Price Value
Sale Common Stock 3,000 $117.60 $353K
Sale Common Stock 8,000 $116.3492 $931K
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 182,884 shares (Direct); Common Stock — 400 shares (Indirect, By Custodian for Child 1)
Footnotes (1)
  1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. Includes 38,508 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; 8,366 of the RSUs vest in approximately two remaining equal installments; 6,573 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.
Form 4 Insider Transactions: What Each Field Means →
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).
X
 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)
01/06/2026
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 01/06/2026 S 8,000(1) D $116.3492 185,884(2) D
Common Stock 01/07/2026 S 3,000(1) D $117.6 182,884(2) D
Common Stock 400 I By Custodian for Child 1
Common Stock 400 I By Custodian for Child 2
Common Stock 400 I By Custodian for Child 3
Common Stock 885 I By spouse
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. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
2. Includes 38,508 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; 8,366 of the RSUs vest in approximately two remaining equal installments; 6,573 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.
Remarks:
/s/ Melisa Nelson, as Attorney-in-fact 01/07/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did CCB report in this Form 4?

The filing reports that Eric M. Sprink, CEO and director of Coastal Financial Corporation, sold a total of 11,000 shares of common stock in open-market transactions.

On what dates and prices did the CCB CEO sell shares?

Eric Sprink sold 8,000 shares on January 6, 2026 at an average price of $116.3492 per share and 3,000 shares on January 7, 2026 at $117.6 per share.

How many Coastal Financial (CCB) shares does the CEO own after the sales?

Following the reported transactions, Eric Sprink beneficially owns 182,884 shares of Coastal Financial common stock directly, in addition to several indirect holdings through family accounts.

Were the CCB CEO stock sales under a Rule 10b5-1 trading plan?

Yes. A footnote states that the sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

What restricted stock units (RSUs) does the CCB CEO hold?

The filing notes that the CEO’s beneficial ownership includes 38,508 time-based RSUs that vest in remaining installments and 100,000 performance-based RSUs scheduled to vest on October 4, 2027, subject to achievement of performance goals.

Does the CCB CEO report any indirect ownership interests?

Yes. The Form 4 lists 400 shares held by a custodian for each of three children and 885 shares held by his spouse, reported as indirect ownership.