Coastal Financial (CCB) President Brian Hamilton Sells 226 Shares

What Happened

• Brian T. Hamilton (President of CCBX; Director of Coastal Financial Corp.) disposed of 226 shares on 2026-08-03 to satisfy withholding taxes upon partial vesting of restricted stock units (RSUs). The shares were sold at $41.80 per share for proceeds of approximately $9,447. This was a tax-withholding sale (routine administrative action), not a market purchase.

Key Details

• Transaction date: 2026-08-03; Form filed: 2026-08-04 (timely).
• Price: $41.80 per share; Shares sold/disposed: 226; Gross proceeds: ~$9,447.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes of note:
  • F1: Sale was to cover withholding taxes upon partial RSU vesting.
  • F2: Sale effected pursuant to a Rule 10b5-1 trading plan (preplanned sale).
  • F3: Reporting person holds multiple RSU awards under the 2018 Omnibus Incentive Plan (totaling 29,845 RSUs across various vesting schedules, including 15,000 performance‑based RSUs eligible to vest on 4/30/2028 subject to performance).
• Transaction code: F = payment of tax liability via share disposition.

Context

• This was a cashless/tax-withholding sale tied to RSU vesting (common practice when awards vest). Because it was executed under a 10b5-1 plan and is a withholding sale, it is generally considered routine and not a direct signal of insider confidence or concern. Purchases are typically more informative about an insider’s bullish view.