Form 4: Coastal Financial Corp. Director Sells Shares, Details RSU Holdings

Coastal Financial Corp. Director and President of CCBX, Brian T. Hamilton, reported the sale of 229 shares of common stock and detailed his significant restricted stock unit holdings.

Summary

• Brian T. Hamilton, a Director and President of CCBX at Coastal Financial Corp. (CCB), reported a transaction involving the company's common stock.
• On December 31, 2025, Hamilton disposed of 229 shares of common stock at a price of $114.59 per share.
• Following this transaction, Hamilton beneficially owns 77,551 shares of common stock directly.
• Beneficial ownership includes 16,279 restricted stock units (RSUs) vesting monthly in approximately equal amounts through April 30, 2028.
• It also includes 7,387 performance-based RSUs eligible to vest monthly from October 1, 2024, until April 30, 2028, subject to continuous employment and achievement of certain stock price conditions.
• Additionally, 15,000 performance-based RSUs are eligible to vest on April 30, 2028, contingent on continuous employment and achievement of return on equity that is at least 80% of the company's comparator peer group.
• Another 669 RSUs vest in four approximately equal remaining installments, with each RSU representing the right to receive one share of common stock upon vesting.

Sentiment

Score: 5

Explanation: This Form 4 filing reports a routine insider transaction and details existing equity compensation. The reported sale is a relatively small portion of the insider's total beneficial ownership, suggesting a neutral impact on sentiment regarding the company's fundamentals or management's confidence.

Future Outlook

The future outlook for Brian T. Hamilton's equity holdings includes the continued vesting of various restricted stock units (RSUs) through April 30, 2028. These vestings are subject to continuous employment and, for performance-based RSUs, the achievement of specific stock price conditions or return on equity targets relative to a peer group.

Industry Context

This filing is a routine insider transaction report (Form 4) and does not provide broader industry context or trends. It reflects an individual executive's equity activity within Coastal Financial Corp., a financial institution.

Stakeholder Impact

• Shareholders: The sale of a small number of shares by an insider is a routine event and is unlikely to have a significant impact on shareholder perception or the company's stock price. The detailed RSU holdings provide transparency into executive compensation structure.
• Employees: The RSU vesting schedules highlight ongoing incentive programs for key personnel, which can influence employee retention and motivation.

Next Steps

• Continued vesting of 16,279 restricted stock units monthly through April 30, 2028.
• Continued vesting of 7,387 performance-based restricted stock units monthly from October 1, 2024, until April 30, 2028, subject to stock price conditions.
• Vesting of 15,000 performance-based restricted stock units on April 30, 2028, subject to return on equity conditions.
• Continued vesting of 669 restricted stock units in four approximately equal remaining installments.

Key Dates

Keywords

Coastal Financial Corp, CCB, Form 4, Insider Transaction, Stock Sale, Restricted Stock Units, RSUs, Brian T Hamilton, Corporate Governance