Form 4: Coastal Financial Corp Executive Sells 1,000 Shares

Jonathan E. Sand, EVP and Chief Credit Officer of Coastal Financial Corp, sold 1,000 shares of common stock at $74.15 per share on November 11, 2024.

Summary

• Jonathan E. Sand, an executive at Coastal Financial Corp, sold 1,000 shares of the company's common stock on November 11, 2024.
• The sale price was $74.15 per share.
• Following the transaction, Mr. Sand directly owns 19,611 shares of Coastal Financial Corp.
• This includes 5,725 time-based restricted stock units (RSUs) that are vesting over the next few years.

Sentiment

Score: 5

Explanation: The document is a neutral disclosure of a stock sale by an executive, with no inherent positive or negative sentiment.

Industry Context

This is a routine disclosure of an insider transaction, which is common for publicly traded companies. It provides transparency into the trading activities of company executives.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The sale of 1,000 shares by an executive is not unusual and is within the normal range of insider trading activity.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on investor sentiment, but is generally considered a normal part of market activity.

Key Dates

Keywords

Coastal Financial Corp, stock sale, insider trading, executive, CCB, restricted stock units, RSU