Adams Christopher D 4

What Happened
Christopher D. Adams, a director of Coastal Financial Corporation (CCB), was granted 1,754 restricted shares on May 26, 2026. The shares were issued at $0.00 per share (no cash paid); the grant value at issuance is recorded as $0. The award is a compensation grant (not a market purchase or sale).

Key Details

• Transaction date: 2026-05-26; Form 4 filed: 2026-05-28.
• Instrument: Restricted stock award under the Coastal Financial Corporation 2018 Omnibus Incentive Plan.
• Shares granted: 1,754; grant price: $0.00 (no cash consideration).
• Vesting: The restricted shares vest one day prior to the issuer’s 2027 Annual Shareholder Meeting (per filing footnote).
• Shares owned after transaction: Not specified in this filing.
• Timeliness: Form filed two days after the transaction date (within the typical two-business-day Form 4 reporting window).

Context
This was an equity compensation grant to a director (not an open-market purchase or sale). Restricted stock grants generally tie pay to continued service and future stock performance; they do not by themselves signal a buy or sell decision. The vesting schedule means the shares are subject to forfeiture until they vest in 2027.