Sprink Eric M 4

What Happened Eric M. Sprink, CEO and a director of Coastal Financial Corporation (CCB), was awarded 4,860 time‑based restricted stock units (RSUs) on March 11, 2026. The grant is reported as an award (transaction code A) with an acquisition price of $0 on the Form 4. Each RSU represents the right to receive one share of common stock upon vesting.

Key Details

• Transaction date: 2026-03-11; Form 4 filed 2026-03-13 (timely filing).
• Award: 4,860 time‑based RSUs; reported acquisition price $0.
• Vesting: These RSUs vest in approximately equal installments over four years (per footnote).
• Holdings reported after the grant: includes 26,351 time‑based RSUs (broken down by remaining vesting schedules) and 100,000 performance‑based RSUs that vest on Oct 4, 2027 subject to performance goals (per footnote).
• No 10b5-1 plan, tax withholding, or sale noted in this filing.

Context RSU grants are a form of compensation that convert into shares only after vesting; this award does not represent an immediate purchase or sale of shares. The performance RSUs listed separately depend on achieving specified targets and are not yet vested. This filing is informational about insider compensation rather than an immediate market transaction.