Form 4: Coastal Financial Corp CFO Joel G. Edwards Sells Shares
SEC Form 4
Coastal Financial Corp's CFO, Joel G. Edwards, recently sold shares of the company's common stock.
Summary
- On May 23, 2024, Joel G. Edwards, the Chief Financial Officer of Coastal Financial Corp, sold 1,034 shares of common stock at a price of $44.45 per share.
- On May 24, 2024, Edwards sold an additional 11,380 shares at $43.41 per share.
- Following these transactions, Edwards directly owns 44,989 shares of Coastal Financial Corp.
- This includes 14,116 time-based restricted stock units (RSUs) that are vesting in multiple installments.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock sales by an executive, which is neutral in sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel.
Stakeholder Impact
- The stock sale by the CFO could be perceived neutrally or slightly negatively by shareholders, depending on their interpretation of the reasons behind the sale.
Key Dates
| Date | Description |
|---|---|
| 05/23/2024 | Joel G. Edwards sold 1,034 shares of common stock at $44.45 per share. |
| 05/24/2024 | Joel G. Edwards sold 11,380 shares of common stock at $43.41 per share. |
| 05/24/2024 | Date of signature for the Form 4 filing. |
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