Sprink Eric M 4

What Happened

• Eric M. Sprink, CEO and Director of Coastal Financial Corp. (CCB), exercised stock options on Jan 26, 2026, resulting in the acquisition of 10,791 shares at various exercise prices for a total exercise cost of $93,863. To cover withholding taxes and exercise costs, 9,076 shares were withheld (disposed) with reported values of $522,611 and $480,098 (total ≈ $1,002,709). After withholding, Sprink received a net of about 1,715 newly issued shares.

Key Details

• Transaction date: January 26, 2026; Form 4 filed January 28, 2026 (timely within the standard two-business-day window).
• Option exercises (acquired):
  • 1,882 shares @ $6.25 = $11,763
  • 2,854 shares @ $7.10 = $20,263
  • 3,382 shares @ $6.50 = $21,983
  • 2,673 shares @ $14.91 = $39,854
  • Total exercised: 10,791 shares; total exercise cost reported: $93,863.
• Shares withheld (disposed) to cover taxes/exercise cost:
  • 4,764 shares @ $109.70 = $522,611
  • 4,312 shares @ $111.34 = $480,098
  • Total withheld: 9,076 shares; total value ≈ $1,002,709.
• Net new shares retained by insider: ~1,715 shares (10,791 exercised − 9,076 withheld).
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Relevant footnotes:
  • F2: confirms shares were withheld to pay withholding taxes and exercise cost for NQSOs.
  • F1/F3–F7: describe outstanding RSUs, performance RSUs, and vesting schedules for awards/options noted in the filing.

Context

• This was an option exercise (transaction code M) combined with share withholding to cover taxes/costs (transaction code F). Withholding is a form of cashless exercise and is routine for tax payment; it is not an open-market sale indicating a discretionary cash sale by the insider.
• The filing appears timely. No 10b5-1 plan, gifts, or other special circumstances are noted in the provided excerpt.