Form 4: CFO Edwards Sells CCB Shares for Tax Withholding

Coastal Financial Corp's CFO, Joel G. Edwards, disposed of 1,300 shares of common stock at $111.34 per share to cover tax withholding obligations related to RSU vesting.

Summary

• Joel G. Edwards, Chief Financial Officer of Coastal Financial Corp (CCB), reported a transaction on January 26, 2026.
• Edwards disposed of 1,300 shares of CCB common stock at a price of $111.34 per share.
• This disposition was to cover withholding taxes upon the partial vesting of Restricted Stock Unit (RSU) awards.
• Following this transaction, Edwards beneficially owns 11,462 shares of common stock directly.
• This total includes 5,656 time-based RSUs from the Coastal Financial Corporation 2018 Omnibus Incentive Plan.
• These RSUs are scheduled to vest as follows: 1,424 RSUs on February 5, 2026, and 4,232 RSUs on April 1, 2026, in accordance with his retirement and retention agreement.

Sentiment

Score: 5

Explanation: Neutral. The transaction is a routine, non-discretionary sale for tax purposes related to RSU vesting, which is a standard practice for executive compensation. It does not indicate a change in company fundamentals or management's view of the company's prospects.

Positives

• The transaction is a routine, non-discretionary sale for tax purposes, indicating a standard process for equity compensation.
• The vesting of Restricted Stock Units (RSUs) represents continued compensation for the Chief Financial Officer.

Negatives

• A reduction in the Chief Financial Officer's direct share ownership, although for a specific tax-related purpose rather than a discretionary sale.

Future Outlook

Joel G. Edwards has 5,656 Restricted Stock Units (RSUs) scheduled to vest in two tranches: 1,424 RSUs on February 5, 2026, and 4,232 RSUs on April 1, 2026, as part of his retirement and retention agreement.

Industry Context

This is a routine insider transaction for tax purposes, common for executives receiving equity compensation. It does not reflect broader industry trends or competitive positioning.

Related Party Transactions

• The transaction involves the Chief Financial Officer and the company's common stock, which is a standard compensation-related related party dealing.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine tax-related sale, not a discretionary sale indicating a lack of confidence. The underlying RSU vesting is part of executive compensation.
• Management: The transaction is a standard part of the Chief Financial Officer's equity compensation and tax obligations.

Next Steps

• Vesting of 1,424 Restricted Stock Units (RSUs) on February 5, 2026.
• Vesting of 4,232 Restricted Stock Units (RSUs) on April 1, 2026.

Key Dates

Keywords

Coastal Financial Corp, CCB, Joel G. Edwards, CFO, Form 4, Insider Transaction, Stock Sale, RSU Vesting, Tax Withholding, Equity Compensation