Hamilton Brian T 4
4 · COASTAL FINANCIAL CORP · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Coastal Financial (CCB) President Brian T. Hamilton Sells 228 Shares
What Happened
Brian T. Hamilton, President of CCBX and a director of Coastal Financial Corporation (CCB), had 228 shares disposed on 2026-04-01 at $76.69 per share, generating proceeds of $17,484. The sale was a tax-withholding disposition tied to the partial vesting of performance-based restricted stock units (PSUs) and was executed under a Rule 10b5-1 plan — a routine administrative transaction rather than an open-market investment sale.
Key Details
- Transaction date and price: 2026-04-01, 228 shares at $76.69 each (total $17,484).
- Transaction code: F — sale to cover tax withholding (not a voluntary market sell for investment).
- 10b5-1 plan: Footnote indicates the sale was effected pursuant to a pre-established Rule 10b5-1 plan.
- Vesting note: Footnote states these shares were sold to satisfy withholding taxes upon partial vesting of PSUs.
- Holdings disclosed in footnote: the filing lists outstanding equity awards including 13,954 RSUs (vesting monthly through Apr 30, 2028), 2,714 RSUs (vesting over ~4 years), 15,000 performance-based RSUs eligible to vest Apr 30, 2028 (subject to ROE performance), and 502 RSUs (vest in remaining installments) — a total of 32,170 RSU/PSU awards referenced.
- Filing timeliness: Transaction reported on Form 4 filed 2026-04-02 for a 2026-04-01 transaction (within the usual Form 4 reporting window).
Context
A tax-withholding sale (code F) is a common administrative step when equity awards vest; it does not necessarily signal the insider is reducing their long-term exposure. The presence of a 10b5-1 plan confirms the sale was executed under pre-set parameters. Retail investors should treat this as routine withholding, and review total insider holdings and longer-term vesting schedules (noted above) for context on the insider’s overall stake.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2][F3]2026-04-01$76.69/sh−228$17,484→ 77,880 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) 13,954 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.