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Form 4: MACLEOD JAMES S reports acquisition/exercise transactions in COSO

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

MACLEOD JAMES S reported acquisition or exercise transactions in a Form 4 filing for COSO. The filing lists transactions totaling 1,189 shares. Following the reported transactions, holdings were 1,189 shares.

Positive

  • None.

Negative

  • None.
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*
MACLEOD JAMES S

(Last) (First) (Middle)
400 GALLERIA PARKWAY
SUITE 1900

(Street)
ATLANTA GA 30339

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CoastalSouth Bancshares, Inc. [ COSO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
02/11/2026
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
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
Restricted Stock Units (1) 02/11/2026 A 1,189 12/31/2026(2) 12/31/2026(2) Common Stock 1,189 (1) 1,189 D
Explanation of Responses:
1. Restricted stock units ("RSU") convert into shares of the issuer's common stock on a one-for-one basis.
2. RSU 100% vests on 12/31/2026.
/s/ Lauren Hemby, Chief Accouting Officer 02/13/2026
** 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.

FAQ

What insider transaction did CoastalSouth Bancshares (COSO) report for James S. Macleod?

CoastalSouth Bancshares reported that director James S. Macleod received an award of 1,189 restricted stock units on February 11, 2026. These RSUs represent a form of equity compensation rather than an open-market purchase or sale of the company’s common stock.

How many restricted stock units did the COSO director receive in this Form 4 filing?

The director received 1,189 restricted stock units. This entire amount was reported as acquired in a single transaction and matches the total number of derivative securities beneficially owned following the transaction, indicating this filing reflects the full grant.

When do the CoastalSouth Bancshares (COSO) RSUs granted to James S. Macleod vest?

The RSUs granted to James S. Macleod vest 100% on December 31, 2026. Vesting means the units fully become his, and after vesting they can convert into an equal number of CoastalSouth Bancshares common shares on a one-for-one basis.

What does one-for-one conversion of COSO restricted stock units mean in this filing?

One-for-one conversion means each restricted stock unit turns into one share of CoastalSouth Bancshares common stock. For this grant, 1,189 RSUs can ultimately become 1,189 common shares once they are vested and settled according to the award’s terms.

Was the insider COSO transaction a purchase or a grant of equity?

The transaction was a grant or award of equity, not a market purchase. The Form 4 uses transaction code “A” for acquisition and describes the RSUs as a grant, with a reported price per unit of 0.0000, indicating a compensation-related award.

How is ownership reported for the RSUs in the COSO Form 4?

Ownership for these RSUs is reported as direct. After the February 11, 2026 grant of 1,189 restricted stock units, the Form 4 shows James S. Macleod directly and beneficially owning 1,189 derivative securities tied to CoastalSouth Bancshares common stock.
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