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CoastalSouth officer plans $27.9K stock sale

CoastalSouth Bancshares, Inc. (COSO) received a Rule 144 notice indicating that officer Ernst W. Bruderer, through Raymond James & Associates, intends to sell 1,000 shares of common stock on the NYSE.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

CoastalSouth Bancshares, Inc. (COSO) received a Rule 144 notice indicating that officer Ernst W. Bruderer, through Raymond James & Associates, intends to sell 1,000 shares of common stock on the NYSE. The shares were acquired via an IPO purchase on July 2, 2025 for cash.

The filing lists an aggregate market value for the planned sale of $27,888.00 and reports that 11,954,446 shares of common stock were outstanding as of August 18, 2026. It also discloses a prior sale of 1,000 shares on August 10, 2026 for $27,563.00.

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Shares to be sold 1,000 shares of common stock Proposed sale under Rule 144 through Raymond James & Associates
Aggregate market value of securities to be sold $27,888.00 Listed for the 1,000 shares of common stock to be sold
Shares outstanding 11,954,446 shares Common stock outstanding as of August 18, 2026
Prior sale amount 1,000 shares Common shares sold on August 10, 2026
Proceeds from prior sale $27,563.00 Aggregate amount for 1,000 shares sold on August 10, 2026
Acquisition date of shares July 2, 2025 Date the 1,000 shares were acquired via IPO purchase for cash
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
IPO purchase financial
"Common | 07/02/2025 | IPO purchase | Issuer"
attorney-in-fact regulatory
"as attorney-in-fact for Ernst W Bruderer"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

What does the Form 144 filing disclose for CoastalSouth Bancshares, Inc. (COSO)?

The filing discloses that officer Ernst W. Bruderer, through Raymond James & Associates, intends to sell 1,000 shares of CoastalSouth Bancshares, Inc. common stock under Rule 144 on the NYSE, with an aggregate market value listed as $27,888.00.

How many COSO shares are proposed to be sold under this Form 144?

The notice covers a proposed sale of 1,000 shares of CoastalSouth Bancshares, Inc. common stock. These shares were acquired via an IPO purchase on July 2, 2025 for cash and are to be sold through Raymond James & Associates.

What prior COSO share sales by Ernst W. Bruderer are reported in the Form 144?

The filing reports that on August 10, 2026, 1,000 shares of CoastalSouth Bancshares, Inc. common stock were sold for $27,563.00. This disclosure covers securities sold during the past three months, as required in the Form 144 notice.

How many CoastalSouth Bancshares, Inc. (COSO) shares were outstanding as of the referenced date?

The Form 144 lists 11,954,446 shares of CoastalSouth Bancshares, Inc. common stock outstanding as of August 18, 2026. This figure provides context for the relative size of the proposed 1,000-share sale under Rule 144.

Who is executing the planned COSO share sale and in what capacity?

The planned sale is to be executed through Raymond James & Associates, Inc.. The Form 144 is signed by Rashida Mitchell as duly authorized representative of Raymond James & Associates, acting as attorney-in-fact for Ernst W. Bruderer.

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

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Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature