Akella-Mishra Sadhana 4

What Happened Sadhana Akella-Mishra, a director of Coastal Financial Corporation (ticker: CCB), was granted 1,369 restricted shares on May 26, 2026. The award was issued at $0.00 per share (total reported value $0) as an equity grant rather than a purchase or sale. The shares were granted under the Coastal Financial Corporation 2018 Omnibus Incentive Plan and will vest one day prior to the issuer’s 2027 Annual Shareholder Meeting.

Key Details

• Transaction type: Award/Grant (code A) of restricted stock
• Transaction date: 2026-05-26; Form 4 filed: 2026-05-28 (appears timely; Form 4s must generally be filed within two business days)
• Price: $0.00 per share; total reported value $0 at grant
• Shares granted: 1,369 restricted shares
• Shares owned after transaction: Not specified in the filing provided
• Footnote: Grant vests one day prior to Coastal Financial’s 2027 Annual Shareholder Meeting (per footnote F1)
• No 10b5-1 plan, cashless exercise, or tax-withholding sale was reported in this filing

Context Restricted stock awards are a common form of executive/director compensation that vest over time and typically cannot be sold until vesting; they are not the same as an open-market purchase (which may signal personal bullishness) or a sale. This filing reports a compensation grant rather than buying or selling activity, so it should be viewed as a routine equity award rather than a direct market sentiment indicator.