Form 4: Coastal Financial Director Receives Stock Grant

Director Sadhana Akella-Mishra was granted 1,369 shares of Coastal Financial Corporation common stock.

Summary

• Director Sadhana Akella-Mishra acquired 1,369 shares of Coastal Financial Corporation (CCB) common stock.
• The shares were granted as restricted stock under the 2018 Omnibus Incentive Plan.
• The transaction occurred on May 26, 2026, at a price of $0 per share.
• Following this transaction, the director's total beneficial ownership is 8,096 shares.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which is neutral in terms of market impact.

Positives

• The grant aligns the director's interests with those of shareholders through equity ownership.

Negatives

• None identified.

Risks

• The restricted stock is subject to vesting requirements, specifically vesting one day prior to the 2027 Annual Shareholder Meeting.

Future Outlook

The restricted stock will vest one day prior to the issuer's 2027 Annual Shareholder Meeting.

Industry Context

StockSavvy.ai notes that equity-based compensation for directors is a standard corporate governance practice in the banking sector to ensure long-term alignment with shareholder value.

Comparison to Industry Standards

• The use of an Omnibus Incentive Plan for director compensation is consistent with standard practices for publicly traded financial institutions.

Stakeholder Impact

• Shareholders: Minimal impact, as this is a standard equity incentive grant.

Next Steps

• Vesting of the 1,369 restricted shares one day prior to the 2027 Annual Shareholder Meeting.

Key Dates

Keywords

Coastal Financial, CCB, Form 4, Insider Trading, Director Compensation, Equity Grant