Sarvela Elizabeth Ann 4

4 · COASTAL FINANCIAL CORP · Filed May 4, 2026

AI-generated summary of this filing

Updated May 4, 2026

Coastal Financial (CCB) CRO Elizabeth Sarvela Withholds 68 Shares for Taxes

What Happened

Elizabeth Ann Sarvela, Chief Risk Officer of Coastal Financial Corporation (CCB), had 68 shares withheld on May 4, 2026, at $75.80 per share to satisfy withholding taxes related to the partial vesting of restricted stock units (RSUs). The withheld shares equal a cash value of approximately $5,154. This was a tax-withholding disposition (code F), not an open-market sale.

Key Details

Transaction date and price: 2026-05-04 — 68 shares withheld at $75.80 each.
Total value of shares withheld: ~$5,154.
Transaction type/code: F — shares withheld to pay withholding taxes upon RSU vesting (not a typical sale or purchase).
Shares owned after transaction: Not specified in the provided filing.
Filing timeliness: Report filed on 2026-05-04 (no late filing indicated in the provided data).
Footnotes: F1 confirms shares were withheld to pay withholding taxes upon partial vesting of RSUs. F2 details 2,168 time-based RSUs outstanding under the 2018 Omnibus Incentive Plan with staggered vesting (191 in one remaining installment; 658 in ~two equal installments; 434 in ~three; 885 in ~four).

Context

Withholding shares to cover taxes is a routine administrative action upon RSU vesting and typically does not signal a change in insider sentiment. Each RSU represents the right to receive one share upon vesting; the withholding simply satisfies tax obligations rather than being an intentional market sale.

Form 4

Period: 2026-05-04

Chief Risk Officer

Transactions

Footnotes (2)

[F1]Represents shares withheld in payment of withholding taxes upon partial vesting of RSUs.
[F2]Includes 2,168 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 191 RSUs vest in one remaining annual installment; 658 RSUs vest in approximately two equal remaining annual installments; 434 RSUs vest in approximately three equal remaining annual installments and 885 RSUs vest in approximately four equal remaining installments. Each restricted stock unit represents the right to receive one share of common stock upon vesting.

Signature

/s/ Melisa Nelson, as Attorney-in-fact|2026-05-04

1 file