Hamilton Brian T 4
4 · COASTAL FINANCIAL CORP · Filed Mar 31, 2026
Research Summary
AI-generated summary of this filing
Coastal Financial (CCB) President Brian Hamilton Sells 1,792 Shares
What Happened Brian T. Hamilton, President of CCBX and a director of Coastal Financial Corp (CCB), had 1,792 shares disposed on 2026-03-30 at $73.73 per share for a total of $132,116. This disposition was a tax-withholding sale tied to partial vesting of performance stock units (PSUs), not a market-driven cash purchase—so it is a routine sale to satisfy tax obligations.
Key Details
- Transaction date: 2026-03-30; Price: $73.73; Shares disposed: 1,792; Gross value: $132,116.
- Transaction code: F (payment of exercise price or tax liability); sale effected pursuant to a Rule 10b5-1 plan (Footnote F1).
- Reason: Shares sold to pay withholding taxes on partial vesting of PSUs (Footnote F2).
- Shares owned after transaction: filing does not list total common shares beneficially owned after this sale. Filing does disclose unvested equity awards (see below).
- Filing date: 2026-03-31 for a 2026-03-30 transaction — appears timely (not late).
Context The filing shows unvested equity awards under the 2018 Omnibus Incentive Plan totaling 32,752 units: 14,536 RSUs vesting monthly through ~April 30, 2028; 2,714 RSUs vesting over ~4 years; 15,000 performance-based RSUs eligible to vest on April 30, 2028 contingent on ROE vs. peers; and 502 RSUs vesting in three remaining annual installments (each RSU converts to one share at vesting). The reported sale was a routine tax-withholding disposition tied to PSU vesting and executed under a pre-established 10b5-1 plan, so it generally does not indicate a new change in insider sentiment.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2][F3]2026-03-30$73.73/sh−1,792$132,116→ 78,108 total
Footnotes (3)
- [F1]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 plan adopted by the reporting person.
- [F2]Represents shares sold in payment of withholding taxes upon partial vesting of PSUs.
- [F3]Includes the following pursuant to the 2018 Coastal Financial Corporation Omnibus Incentive Plan: (1) 14,536 restricted stock units (RSUs) with remaining shares vesting monthly in an approximately equal amount through April 30, 2028 (2) 2,714 RSUs that vest in approximately equal installments over 4 years (3) 15,000 performance-based RSUs - eligible to vest on April 30, 2028, subject to continuous employment and achievement of return on equity that is at least 80% of company comparator peer group. (4) 502 RSUs that vest in three approximately equal annual remaining installments. Each RSU represents the right to receive one share of common stock upon vesting.