Coastal Financial (CCB) CEO Eric M. Sprink Buys 10,000 Shares

What Happened
Eric M. Sprink, CEO and director of Coastal Financial Corporation (CCB), bought 10,000 shares in an open-market purchase on August 6, 2026 at $44.45 per share, a total outlay of $444,500. This was an outright purchase (Form 4 code P), not an option exercise or grant.

Key Details

• Transaction date: August 6, 2026; Form 4 filed August 7, 2026 (appears timely).
• Trade details: 10,000 shares acquired at $44.45 each; total value $444,500.
• Transaction type: Open-market purchase (code P).
• Shares owned after transaction: Not specified in the provided filing.
• Footnote (F1): The filing reports Sprink beneficially holds 26,351 time-based restricted stock units (RSUs) with staggered remaining vesting installments and 100,000 performance-based RSUs that vest on October 4, 2027 subject to achievement of specified performance goals; each RSU converts to one share upon vesting.
• Filing timeliness: Filed one day after the transaction — within the usual Form 4 reporting window.

Context
Insider purchases are often viewed as a positive signal of confidence but do not by themselves prove future performance. The RSUs noted in the filing are not immediately tradable shares; they convert to common stock only upon vesting (the 100,000 performance RSUs vest only if targets are met by Oct 4, 2027).