Coastal Financial (CCB) 10% Owner Steven Hovde Buys 15,000 Shares

What Happened
Steven D. Hovde, a reported 10% owner of Coastal Financial Corporation (CCB), made two open-market purchases: 5,000 shares on 2026-08-05 at $44.00 ($220,000) and 10,000 shares on 2026-08-06 at $43.83 ($438,250). Total acquired = 15,000 shares for approximately $658,250. These were purchases (typically viewed as a more informative/bullish action than routine sales), not sales or option exercises.

Key Details

• Transaction dates and prices:
  • 2026-08-05: Purchase 5,000 shares @ $44.00 = $220,000
  • 2026-08-06: Purchase 10,000 shares @ $43.83 = $438,250
• Total shares acquired: 15,000; total value ≈ $658,250.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: Filing notes restricted stock granted under the 2018 Omnibus Incentive Plan; 1,333 shares vest one day prior to the issuer’s 2027 Annual Shareholder Meeting.
• Filing date: 2026-08-07. The filing appears timely relative to the reported trade dates.

Context

• As a 10% owner, Hovde is a significant shareholder; purchases by large shareholders can be of interest to retail investors but do not reveal the owner’s motives.
• These were open-market purchases (transaction code P), not option exercises or awards. The restricted-stock footnote relates to a separate grant/vesting schedule and does not change that these were market purchases.