Form 4: Coastal Financial Corp Director Steven D Hovde Acquires Shares

Director Steven D Hovde acquired 1,604 shares of Coastal Financial Corp common stock on May 30, 2024.

Summary

• On May 30, 2024, Steven D Hovde, a director of Coastal Financial Corp, acquired 1,604 shares of common stock.
• The shares were acquired at a price of $0.
• Following the transaction, Hovde directly owns 1,714,870 shares of Coastal Financial Corp common stock.
• Hovde also indirectly owns 30,000 shares through a business.
• The 1,604 shares were granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan and vest one day prior to the issuer's 2025 Annual Shareholder Meeting.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it simply reports a transaction. The director's purchase could be seen as slightly positive, but it's a routine filing.

Positives

• The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future prospects.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in the financial industry. Investors often monitor these filings for signals about management's confidence in the company.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment.

Key Dates