Coastal Financial Corp. (CCB) – Form 4 insider transaction
Chief Financial Officer Joel G. Edwards exercised 1,800 employee stock options at an exercise price of $7.20 on 18 Jun 2025, acquiring an equal number of common shares. After the transaction, his direct ownership stands at 43,187 shares.
The filing also discloses 10,962 time-based restricted stock units that vest over four tranches: 2,241 on 30 Jun 2025; 3,065 on 25 Jan 2026; 1,424 on 5 Feb 2026; and 4,232 on 1 Apr 2026. Each RSU converts into one share of common stock upon vesting.
The transaction was reported with code "M", indicating a non-open-market option exercise. Following the exercise, no derivative options remain outstanding for Mr. Edwards. No shares were sold, and there is no indication of a Rule 10b5-1 trading plan.