Sprink Eric M 4

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.