Form 4: Coastal Financial Corp CFO Joel G. Edwards Reports Stock Disposal for Tax Obligations

Joel G. Edwards, CFO of Coastal Financial Corp, disposed of 176 shares of common stock on February 3, 2025, to cover withholding taxes upon the vesting of restricted stock units.

Summary

• On February 3, 2025, Joel G. Edwards, the Chief Financial Officer of Coastal Financial Corp, disposed of 176 shares of common stock.
• The transaction was executed to cover withholding taxes related to the vesting of restricted stock units (RSUs) granted on February 3, 2020.
• The price per share for the transaction was $88.4.
• Following the transaction, Edwards directly owns 43,510 shares of Coastal Financial Corp.
• This total includes 10,605 time-based restricted stock units (RSUs) that are scheduled to vest in future installments.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of a routine transaction related to executive compensation and tax obligations. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives. This filing indicates a standard practice of covering tax obligations related to equity compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to executive compensation.

Key Dates

Keywords

Form 4, Coastal Financial Corp, CCB, Joel G. Edwards, CFO, Stock Disposal, Restricted Stock Units, RSUs, Beneficial Ownership, Tax Withholding