Form 4: Coastal Financial Exec Sells Shares for Tax

Coastal Financial Corp. Director and President of CCBX, Brian T. Hamilton, disposed of 228 common shares to cover tax withholding obligations.

Summary

• Brian T. Hamilton, a Director and President of CCBX at Coastal Financial Corp. (CCB), reported a disposition of common stock.
• The transaction occurred on September 30, 2025, and involved 228 shares of common stock.
• The shares were disposed of at a price of $108.17 per share, totaling $24,662.76.
• This disposition was made to satisfy tax withholding obligations, indicated by transaction code 'F'.
• Following this transaction, Hamilton beneficially owns 84,473 shares of common stock.
• Beneficial ownership includes 18,024 restricted stock units (RSUs) vesting monthly through April 30, 2028.
• It also includes 23,226 performance-based RSUs eligible to vest monthly from October 1, 2024, until April 30, 2028, subject to continuous employment and stock price conditions.
• An additional 15,000 performance-based RSUs are eligible to vest on April 30, 2028, contingent on continuous employment and achievement of return on equity targets relative to a peer group.
• Furthermore, 669 RSUs vest in four approximately equal remaining installments.

Sentiment

Score: 5

Explanation: Neutral, as the transaction is a routine disposition for tax withholding purposes, not an open market sale indicating a change in sentiment regarding the company's prospects.

Future Outlook

Brian T. Hamilton's future compensation includes significant RSU grants, with 18,024 RSUs vesting monthly through April 30, 2028, and 23,226 performance-based RSUs vesting monthly from October 1, 2024, to April 30, 2028, subject to stock price conditions. An additional 15,000 performance-based RSUs are set to vest on April 30, 2028, based on return on equity targets.

Industry Context

This insider transaction is a routine event for executives receiving equity compensation and does not reflect broader industry trends or competitive positioning. It is a standard mechanism for covering tax liabilities associated with equity awards.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a small, routine disposition for tax purposes, not a discretionary sale.

Next Steps

• Continued vesting of 18,024 restricted stock units (RSUs) monthly through April 30, 2028.
• Continued vesting of 23,226 performance-based RSUs monthly from October 1, 2024, until April 30, 2028, contingent on continuous employment and achievement of stock price conditions.
• Vesting of 15,000 performance-based RSUs on April 30, 2028, subject to continuous employment and return on equity targets.
• Continued vesting of 669 RSUs in four approximately equal remaining installments.

Key Dates

Keywords

Coastal Financial Corp, CCB, Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Brian T. Hamilton, Restricted Stock Units, RSUs, Corporate Governance