Sprink Eric M 4
4 · COASTAL FINANCIAL CORP · Filed Feb 5, 2026
Research Summary
AI-generated summary of this filing
Coastal Financial (CCB) CEO Eric M. Sprink Withholds 733 Shares for Taxes
What Happened
- Eric M. Sprink, CEO and Director of Coastal Financial Corporation (CCB), had 733 shares withheld to satisfy tax withholding on partially vested restricted stock units (RSUs). The shares were valued at $89.50 each, for a total value of approximately $65,604. This transaction is a tax-withholding disposition (code F), not an open-market sale or purchase.
Key Details
- Transaction date: February 3, 2026; Form 4 filed February 5, 2026 (no indication this filing was late).
- Shares withheld: 733 at $89.50 each; total value ≈ $65,604.
- Transaction code: F — shares withheld to pay withholding taxes on vested RSUs.
- Shares owned after transaction: not specified in the provided filing details.
- Footnote highlights: F1 confirms these shares were withheld for taxes upon partial vesting. F2 notes Sprink has RSUs including 25,889 time-based RSUs (staggered remaining vesting) and 100,000 performance-based RSUs that vest Oct 4, 2027 subject to performance goals.
Context
- This is a routine tax-withholding event tied to RSU vesting (a form of compensation). It is not a purchase (which some investors view as bullish) nor an open-market sale indicating a cash-out decision. The filing indicates net share settlement of RSUs to cover tax obligations.
Insider Transaction Report
Form 4
Sprink Eric M
DirectorCEO
Transactions
- Tax Payment
Common Stock
[F1][F2]2026-02-03$89.50/sh−733$65,604→ 160,108 total
Holdings
- 885(indirect: By Spouse)
Common Stock
- 400(indirect: By Children)
Common Stock
- 400(indirect: By Children)
Common Stock
- 400(indirect: By Children)
Common Stock
Footnotes (2)
- [F1]Represents shares withheld in payment of withholding taxes upon partial vesting of RSUs.
- [F2]Includes 25,889 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 11,674 of the RSUs vest in four approximately equal remaining installments; 10,032 of the RSUs vest in three approximately equal remaining installments; 4,183 of the RSUs vest in approximately one remaining equal installment. Also includes 100,000 shares of performance-based restricted stock units that vest on October 4, 2027, the quantity of which is dependent upon achievement of specified performance goals. Each restricted stock unit represents the right to receive one share of common stock upon vesting.
Signature
/s/ Melisa Nelson, as Attorney-in-fact|2026-02-05