Sprink Eric M 4

What Happened

• Eric M. Sprink, CEO and Director of Coastal Financial Corporation (CCB), had 1,730 shares withheld to satisfy tax withholding upon partial vesting of restricted stock units (RSUs). The withheld shares are reported as a disposition at $84.97 per share for a total value of $146,998.

Key Details

• Transaction date: 2026-02-05; Report filed: 2026-02-09 (filed within the standard two business-day window).
• Price: $84.97 per share; Total value of withheld shares: $146,998.
• Transaction code: F (payment of exercise price or tax liability — here used to denote tax withholding).
• Shares owned after the transaction: not specified in the provided filing details.
• Footnote F1: The 1,730 shares represent shares withheld to pay withholding taxes on a partial vesting of RSUs.
• Footnote F2: Sprink’s RSU holdings include 21,491 time-based RSUs with staggered remaining vesting installments (7,455; 3,165; 6,688; 4,183) and 100,000 performance-based RSUs that vest on Oct 4, 2027 subject to performance goals. Each RSU converts to one share upon vesting.

Context

• This was a tax-withholding disposition tied to RSU vesting, not an open-market sale — a routine administrative action that does not necessarily signal insider sentiment. The filing appears timely relative to the transaction date. The larger position includes significant time-based and performance-based RSUs that remain subject to future vesting conditions.