Form 4: Coastal Financial Director Sells Over $630K in Shares

Steven D. Hovde, a Director and 10% Owner of Coastal Financial Corp, reported multiple sales of common stock totaling over $630,000 in early December 2025.

Summary

• Steven D. Hovde, a Director and 10% Owner of Coastal Financial Corp (CCB), reported multiple sales of common stock.
• Transactions occurred on December 5, 2025, and December 8, 2025.
• A total of 5,611 shares were sold across four separate transactions.
• The sales were executed at prices ranging from $112.00 to $114.50 per share, totaling approximately $634,932.
• Following these transactions, Hovde directly owns 1,715,960 shares and indirectly owns 16,000 shares of common stock.
• The filing also notes 1,090 shares of restricted stock granted under the 2018 Omnibus Incentive Plan will vest one day prior to the issuer's 2026 Annual Shareholder Meeting.

Sentiment

Score: 3

Explanation: The sale of over $630,000 worth of common stock by a Director and 10% owner is typically viewed as a negative indicator, suggesting a potential lack of confidence or a belief that the stock is fully valued.

Negatives

• A Director and 10% owner selling a significant number of shares (5,611 shares totaling over $630,000) could be interpreted negatively by the market, potentially signaling a lack of confidence or a belief that the stock is fully valued.
• The sales occurred over a short period (December 5th and 8th, 2025), indicating a concentrated selling effort.

Stakeholder Impact

• Shareholders: May interpret the insider selling as a negative signal, potentially leading to downward pressure on the stock price.

Next Steps

• Vesting of 1,090 shares of restricted common stock one day prior to the issuer's 2026 Annual Shareholder Meeting.

Key Dates

Recommendation

The significant insider selling by a Director and 10% owner, Steven D. Hovde, totaling over $630,000, typically signals a cautious outlook from a key stakeholder. While not an immediate "sell" trigger without further fundamental analysis, it warrants a "hold" recommendation as investors should monitor future insider activity and company performance closely. This action could indicate that the insider perceives the stock as fully valued or anticipates headwinds, prompting a re-evaluation of the investment thesis.

Keywords

Coastal Financial Corp, CCB, Insider Selling, Form 4, Stock Sale, Director Transaction, 10% Owner, Steven D. Hovde, Equity Sales, Beneficial Ownership