Sprink Eric M 4

What Happened
Eric M. Sprink, CEO and director of Coastal Financial Corporation (CCB), sold a total of 12,402 shares in two open-market transactions. On 2026-01-21 he sold 8,402 shares at $114.27 each for $960,108, and on 2026-01-22 he sold 4,000 shares at $116.01 each for $464,035 — total proceeds ≈ $1,424,143. These were sales (not purchases) and were reported on Form 4.

Key Details

• Transactions: Open-market sales (code S).
• Dates & prices: 2026-01-21 — 8,402 sh @ $114.27; 2026-01-22 — 4,000 sh @ $116.01.
• Total proceeds: ≈ $1.42 million.
• Shares owned after transaction: Not specified in the excerpt provided. The filing discloses holdings that include 38,508 time‑based RSUs and 100,000 performance‑based RSUs (performance RSUs vest contingent on goals on Oct 4, 2027). Each RSU converts to one share on vesting.
• Footnotes: F1 — sales were effected pursuant to a Rule 10b5-1 trading plan; F2 — details of RSU holdings and vesting schedule.
• Timeliness: Transaction period 2026-01-21; Form filed 2026-01-23 (filed within the standard two-business‑day Form 4 reporting window).

Context
These were pre-scheduled sales under a 10b5-1 plan, which often indicates trades were arranged in advance and may not reflect the insider’s current view of the company. Sales reduce insider ownership but are common for liquidity or diversification; purchases generally provide stronger evidence of insider bullishness. The filing also shows substantial RSU and performance-RSU awards that may convert into shares if vesting or performance conditions are met.