Sarvela Elizabeth Ann 4

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.