SCHEDULE: Vanguard Group Reports 0% Stake in Coastal Financial

The Vanguard Group has filed an amended Schedule 13G, reporting 0% beneficial ownership in Coastal Financial Corp/WA common stock due to an internal realignment.

Summary

• The Vanguard Group filed an Amendment No. 1 to Schedule 13G for Coastal Financial Corp/WA, indicating a change in beneficial ownership.
• The filing reports that The Vanguard Group now holds 0 shares, representing 0% of the Common Stock class of Coastal Financial Corp/WA.
• This change is attributed to an internal realignment within The Vanguard Group, Inc. on January 12, 2026.
• Following the realignment, certain subsidiaries or business divisions of The Vanguard Group, Inc. will report beneficial ownership separately (on a disaggregated basis).
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over the securities now reported by these subsidiaries and/or business divisions.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing for Coastal Financial Corp/WA, as it primarily concerns a reporting change by The Vanguard Group rather than a performance-driven investment decision or a change in investment strategy for the underlying assets.

Future Outlook

No forward-looking statements or guidance regarding Coastal Financial Corp/WA's performance or strategic direction were provided in this filing. The filing pertains to The Vanguard Group's internal reporting structure.

Management Comments

• On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment.
• In accordance with SEC Release No. 34-39538 (January 12, 1998), certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc. will now report beneficial ownership separately (on a disaggregated basis).
• These subsidiaries and/or business divisions pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment.
• The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by such subsidiaries and/or business divisions.

Industry Context

StockSavvy.ai notes that this filing reflects a procedural change in The Vanguard Group's reporting structure rather than a strategic divestment based on Coastal Financial's performance. Such internal realignments are common among large asset managers to optimize compliance and operational efficiency, and do not necessarily indicate a change in investment thesis for the underlying securities by Vanguard's broader family of funds.

Stakeholder Impact

• Shareholders of Coastal Financial Corp/WA: The change in beneficial ownership reported by The Vanguard Group is a procedural reporting adjustment and does not reflect a change in investment strategy or a negative outlook on the issuer's performance by Vanguard's underlying funds, which will now report separately.

Next Steps

• Certain subsidiaries or business divisions of The Vanguard Group, Inc. will now report beneficial ownership of Coastal Financial Corp/WA securities separately on a disaggregated basis.

Key Dates

Keywords

Vanguard Group, Coastal Financial Corp, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Investment Adviser, Internal Realignment, Disaggregated Reporting