EDWARDS JOEL G 4

What Happened
Joel G. Edwards, Chief Financial Officer of Coastal Financial Corporation (CCB), sold 1,300 shares in an open-market transaction on January 26, 2026, at $111.34 per share for a total of $144,742. The filing indicates the disposition was reported on January 28, 2026.

Key Details

• Transaction date & price: 2026-01-26 — 1,300 shares sold at $111.34 each (total $144,742).
• Filing date: 2026-01-28 (appears timely relative to the transaction date).
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnote F1: The disposition "represents shares withheld in payment of withholding taxes upon partial vesting of RSU awards."
• Footnote F2: Mr. Edwards has 5,656 time-based restricted stock units (RSUs) under the 2018 Omnibus Incentive Plan that vest 1,424 RSUs on Feb 5, 2026 and 4,232 RSUs on Apr 1, 2026; each RSU converts to one share upon vesting.

Context
This was a sale rather than a purchase; sales by insiders can be routine (e.g., tax withholding on vested awards). The filing’s footnotes indicate the disposition is tied to tax withholding for partial RSU vesting, which is a common administrative reason for such sales and not necessarily a directional signal about the insider’s view of the company.