Lane Thomas D 4

What Happened Lane Thomas D, a director of Coastal Financial Corporation (CCB), was granted 1,474 restricted shares on 2026-05-26. The grant was made at $0.00 per share (total grant value reported $0) and is recorded as an award/acquisition (transaction code A), not a purchase or sale.

Key Details

• Transaction date: 2026-05-26; Form 4 filed: 2026-05-28 (filed within the normal two-business-day window).
• Transaction type: Award/Grant (Code A).
• Shares granted: 1,474; Price per share: $0.00; Total reported value at grant: $0.
• Vesting: Restricted stock vests one day prior to the issuer's 2027 Annual Shareholder Meeting (per footnote).
• Plan: Granted under the Coastal Financial Corporation 2018 Omnibus Incentive Plan.
• Shares owned after transaction: Not specified in the provided filing summary.
• Filing timeliness: Filing appears timely (not marked late in provided data).

Context Restricted stock awards are a common form of executive/director compensation and typically reflect compensation or retention incentives rather than an immediate market view. Because the shares vest in the future and were granted at $0, there was no cash purchase and the shares are subject to vesting restrictions until shortly before the 2027 annual meeting. For many investors, cash purchases by insiders are more indicative of personal conviction than routine grants, but awards do align insiders’ interests with shareholders over the vesting period.