Coastal Financial (CCB) Director Jeffrey Chapman Receives Award

What Happened
Jeffrey M. Chapman, a director of Coastal Financial Corp. (CCB), was granted 1,532 restricted shares on May 26, 2026. The shares are reported at $0 acquisition price on the Form 4 (transaction code A), reflecting a compensation award rather than an open-market purchase or sale. The reported dollar value of the grant on the filing is $0.

Key Details

• Transaction date and type: 2026-05-26 — Award/grant of restricted stock (code A).
• Price reported: $0.00 per share (award/compensation).
• Shares granted: 1,532 restricted shares.
• Vesting: Per footnote, the restricted stock vests one day prior to the issuer’s 2027 Annual Shareholder Meeting.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Filing timeliness: Reported on Form 4 filed 2026-05-28 for a 2026-05-26 transaction — appears timely (Form 4 due within two business days).

Context
Restricted stock grants are a form of compensation for directors and typically vest over time; they are not an immediate cash purchase and do not necessarily indicate the insider is buying shares as a bullish signal. For retail investors, purchases (code P) often carry more direct market sentiment information than compensation awards. This transaction reflects director compensation under Coastal Financial’s 2018 Omnibus Incentive Plan.