Form 4: Coastal Financial Director Sadhana Akella-Mishra Granted 1,119 Restricted Shares

Sadhana Akella-Mishra, a Director at Coastal Financial Corp (CCB), was granted 1,119 shares of common stock as restricted stock, aligning her interests with shareholders.

Summary

• Sadhana Akella-Mishra, a Director of Coastal Financial Corp (CCB), acquired 1,119 shares of common stock on May 28, 2025.
• The acquisition was a grant of restricted stock, with a reported price of $0 per share, indicating it was part of an incentive plan.
• These 1,119 shares are part of the Coastal Financial Corporation 2018 Omnibus Incentive Plan.
• The restricted shares are scheduled to vest one day prior to the issuer's 2026 Annual Shareholder Meeting.
• Following this transaction, Ms. Akella-Mishra beneficially owns a total of 6,727 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is positive as it represents a routine equity grant to a director, aligning their interests with shareholders and indicating a stable compensation structure. There are no negative implications from this specific filing.

Positives

• The grant of restricted stock to a director aligns management's interests with those of the shareholders, incentivizing long-term performance.
• The transaction is part of an established incentive plan (2018 Omnibus Incentive Plan), indicating a structured approach to executive and director compensation.

Future Outlook

The 1,119 restricted shares granted to Director Sadhana Akella-Mishra are set to vest one day prior to Coastal Financial Corporation's 2026 Annual Shareholder Meeting, indicating a future milestone for this equity compensation.

Industry Context

This Form 4 filing reflects a routine insider transaction, specifically an equity grant, which is a common practice in corporate governance to compensate directors and align their interests with long-term company performance. Such grants are standard across various industries, particularly in financial services, to retain talent and foster shareholder value creation.

Related Party Transactions

• The acquisition of shares by a director (Sadhana Akella-Mishra) from the issuer (Coastal Financial Corp) constitutes a related party transaction, specifically an equity grant under the company's incentive plan.

Stakeholder Impact

• Shareholders: The grant of restricted stock to a director helps align the director's financial interests with those of the shareholders, potentially leading to decisions that enhance long-term shareholder value.
• Employees/Management: This transaction is part of the company's incentive plan, which generally aims to attract, retain, and motivate key personnel, including directors.

Next Steps

• The 1,119 restricted shares will vest one day prior to Coastal Financial Corporation's 2026 Annual Shareholder Meeting.

Key Dates

Recommendation

Keywords

Coastal Financial Corp, CCB, Sadhana Akella-Mishra, Director, Restricted Stock, Stock Grant, Insider Transaction, Form 4, Beneficial Ownership, Equity Compensation