Coastal Financial Corporation filed a current report to furnish a press release announcing its results of operations and financial condition for the fiscal quarter ended December 31, 2025. The press release is included as Exhibit 99.1 and is treated as furnished, not filed, under securities law rules.
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.
Coastal Financial Corp Chief Financial Officer Joel G. Edwards reported a routine tax-related share disposition. On January 26, 2026, he disposed of 1,300 shares of common stock at $111.34 per share, representing shares withheld to pay withholding taxes upon partial vesting of restricted stock unit (RSU) awards.
After this transaction, he beneficially owns 11,462 shares, including 5,656 time-based RSUs under the 2018 Omnibus Incentive Plan. These RSUs are scheduled to vest as 1,424 units on February 5, 2026 and 4,232 units on April 1, 2026, with each unit convertible into one share of common stock upon vesting.
Coastal Financial Corp CEO Eric M. Sprink, who also serves as a director, reported open-market sales of company common stock under a pre-arranged Rule 10b5-1 trading plan. On January 21, 2026, he sold 8,402 shares at an average price of $114.2714 per share, and on January 22, 2026, he sold 4,000 shares at an average price of $116.0088 per share, both reported as directly owned.
After these transactions, Sprink beneficially owned 159,126 shares of Coastal Financial common stock directly, which includes 38,508 time-based restricted stock units that vest in remaining installments and 100,000 performance-based restricted stock units scheduled to vest on October 4, 2027, subject to performance goals. He also reported indirect holdings of common stock through his spouse and custodial accounts for three children.
Coastal Financial Corp CEO and director Eric M. Sprink reported planned stock sales under a Rule 10b5-1 trading plan. On January 15, 2026, he sold 4,356 shares of Coastal Financial common stock at $114.5077 per share, and on January 16, 2026 he sold 3,000 shares at $114.1514 per share.
After these transactions, he directly held 171,528 shares of common stock, plus indirect holdings of 885 shares through his spouse and 400 shares for each of three children via custodial accounts. Footnotes state that his holdings also include 38,508 time-based RSUs with staggered vesting schedules and 100,000 performance-based RSUs that may vest on October 4, 2027 based on specified performance goals, each RSU representing one share upon vesting.
Coastal Financial Corp CEO Eric M. Sprink, who is also a director, reported selling company common stock under a Rule 10b5-1 trading plan. On January 9, 2026, he sold 2,000 shares at $119.25 per share and another 2,000 shares at $118.5014 per share. After these sales, he directly beneficially owned 178,884 shares of common stock.
He also reported indirect holdings of 885 shares held by his spouse and 400 shares for each of three children through custodial accounts. His reported ownership includes 38,508 time-based restricted stock units granted under the Coastal Financial Corporation 2018 Omnibus Incentive Plan, vesting in remaining installments over multiple schedules, and 100,000 performance-based restricted stock units scheduled to vest on October 4, 2027 based on specified performance goals. Each restricted stock unit represents the right to receive one share of common stock upon vesting.
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.
Coastal Financial Corp director and 10% owner filed a Form 4 reporting sales of company common stock. On December 10, 2025, the insider reported two open-market sales of 1,500 shares of common stock each, at prices of $116 and $118.5 per share, coded as disposition transactions.
After these trades, the filing shows beneficial ownership of 1,715,960 shares of common stock, held directly, along with additional indirectly held shares through a business entity, including reported post-transaction balances of 13,000 and 11,500 shares for those indirect accounts. Beneficial ownership also includes 1,090 shares of restricted stock granted under the 2018 Omnibus Incentive Plan that are scheduled to vest one day before the company’s 2026 annual shareholder meeting.
Coastal Financial Corp insider activity shows that a reporting person who is both a director and a 10% owner reported multiple sales of common stock. On December 5, 2025, the insider sold 1,611 shares at $112 per share and additional blocks of 1,000 shares at $112.5 through an indirect business ownership. On December 8, 2025, further indirect sales of 1,500 shares occurred at $113.5 per share and 1,500 shares at $114.5 per share.
Following these transactions, the insider reported 1,715,960 shares of Coastal Financial Corp common stock beneficially owned directly, with smaller amounts held indirectly through a business entity. A footnote explains that this total includes restricted stock granted under the company’s 2018 Omnibus Incentive Plan, including 1,090 shares scheduled to vest one day prior to the issuer’s 2026 annual shareholder meeting.
Coastal Financial Corporation filed its quarterly report covering the period ended September 30, 2025. The filing provides an overview of the company’s structure, its Nasdaq Global Select Market listing for common stock under the symbol CCB, and standard disclosures about its reporting status and filer classification as an accelerated filer.
The report emphasizes extensive forward-looking statements and risk disclosures, highlighting factors such as economic conditions, real estate markets, credit quality, liquidity, regulation, and the company’s strategy for its Community Bank and CCBX segments and Banking-as-a-Service activities. It also notes that there were 15,121,263 shares of common stock outstanding as of November 3, 2025.