Form 4: Coastal Financial CRO Reports RSU Tax Withholding

Chief Risk Officer Elizabeth Ann Sarvela reported the withholding of 68 shares of Coastal Financial Corp common stock to cover tax obligations related to RSU vesting.

Summary

• Elizabeth Ann Sarvela, Chief Risk Officer of Coastal Financial Corp, executed a transaction on May 4, 2026.
• 68 shares of common stock were withheld at a price of $75.80 per share.
• The transaction was conducted to satisfy tax withholding requirements associated with the vesting of restricted stock units (RSUs).
• Following this transaction, the reporting person maintains a beneficial ownership of 3,293 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it represents a routine administrative tax transaction by an insider.

Positives

• The transaction is a routine administrative action related to tax obligations rather than a discretionary sale of equity.
• The reporting person retains a significant stake of 3,293 shares, including 2,168 unvested RSUs, aligning interests with shareholders.

Negatives

• None identified; this is a standard regulatory disclosure for executive compensation tax compliance.

Risks

• The value of the remaining 2,168 unvested RSUs is subject to future market volatility of Coastal Financial Corp common stock.

Future Outlook

The filing indicates a structured vesting schedule for the remaining 2,168 RSUs, which will vest in annual installments over the next four years.

Industry Context

StockSavvy.ai notes that this filing is a standard regulatory requirement for bank executives and does not signal a change in corporate strategy or financial health.

Comparison to Industry Standards

• The use of 'sell-to-cover' transactions for tax withholding is a standard practice among publicly traded financial institutions to manage executive equity compensation.

Stakeholder Impact

• Minimal impact on shareholders as the transaction is a non-discretionary tax compliance measure.

Next Steps

• Future vesting of remaining 2,168 RSUs according to the established annual schedule.

Key Dates

Keywords

Coastal Financial Corp, CCB, Insider Trading, Form 4, Chief Risk Officer, Equity Compensation