Hamilton Brian T 4

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.