Coastal Financial (CCB) CCO reports 12,050-share equity stake

Rhea-AI Filing Summary

Coastal Financial Corp Chief Credit Officer Freddy I. Rivas reported beneficial ownership of 12,050 shares of common stock. This position includes 3,689 time-based restricted stock units granted under the Coastal Financial Corporation 2018 Omnibus Incentive Plan, vesting in four remaining installments.

The holding also includes 8,250 performance-based restricted stock units that are eligible to vest between July 31, 2026 and July 31, 2029, depending on the achievement of specified performance goals. Each restricted stock unit represents the right to receive one share of common stock upon vesting.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Rivas Freddy I

Role Chief Credit Officer

Type	Security	Shares	Price	Value
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 12,050 shares (Direct)

Footnotes (1)

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Key Figures

Total common stock beneficially owned: 12,050 shares Time-based RSUs: 3,689 units Performance-based RSUs: 8,250 units +2 more

5 metrics

Total common stock beneficially owned 12,050 shares Reported holding for Freddy I. Rivas

Time-based RSUs 3,689 units Granted under 2018 Omnibus Incentive Plan; vest in four remaining installments

Performance-based RSUs 8,250 units Eligible to vest from July 31, 2026 to July 31, 2029 based on performance goals

Vesting start date for performance RSUs July 31, 2026 Beginning of eligibility period for performance-based vesting

Vesting end date for performance RSUs July 31, 2029 End of eligibility period for performance-based vesting

Key Terms

time-based restricted stock units, performance-based restricted stock units, 2018 Omnibus Incentive Plan, restricted stock unit

4 terms

time-based restricted stock units financial

"Includes 3,689 time-based restricted stock units (RSUs) granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan."

Time-based restricted stock units are a form of employee compensation where individuals are granted company shares that are earned over a set period, often as a reward for staying with the company. These shares typically become fully owned and transferable only after passing specific time milestones, encouraging long-term commitment. For investors, they highlight a company's focus on employee retention and can influence future stock supply and company stability.

performance-based restricted stock units financial

"Also includes 8,250 performance-based restricted stock units, which are eligible to vest during the period beginning July 31, 2026 and ending July 31, 2029,"

Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.

2018 Omnibus Incentive Plan financial

"RSUs) granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan."

restricted stock unit financial

"Each restricted stock unit represents the right to receive one share of common stock upon vesting."

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Rivas Freddy I

(Last) (First) (Middle)

5415 EVERGREEN WAY

(Street)

EVERETT WASHINGTON 98203

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
04/02/2026

3. Issuer Name and Ticker or Trading Symbol
COASTAL FINANCIAL CORP [ CCB ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Credit Officer

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	12,050(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes 3,689 time-based restricted stock units (RSUs) granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. These 3,689 RSUs vest in four approximately equal remaining installments. Also includes 8,250 performance-based restricted stock units, which are eligible to vest during the period beginning July 31, 2026 and ending July 31, 2029, with the number of units that vest dependent on the achievement of specified performance goals. Each restricted stock unit represents the right to receive one share of common stock upon vesting.

Remarks:

	/s/ Melisa Nelson, as Attorney-in-fact	04/07/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What insider position did CCB’s Chief Credit Officer report?

Freddy I. Rivas reported beneficial ownership of 12,050 shares of Coastal Financial Corp common stock. This total includes both time-based and performance-based restricted stock units that may convert into common shares as they vest over time.

How many time-based RSUs does CCB’s Chief Credit Officer hold?

Freddy I. Rivas holds 3,689 time-based restricted stock units (RSUs). These RSUs were granted under the 2018 Omnibus Incentive Plan and vest in four approximately equal remaining installments, gradually converting into common shares if service-based conditions are met.

What performance-based RSUs are reported by CCB’s Chief Credit Officer?

The filing shows 8,250 performance-based restricted stock units for Freddy I. Rivas. These units are eligible to vest from July 31, 2026 through July 31, 2029, with actual vesting based on achievement of specified performance goals set by the company.

What plan governs the RSUs held by CCB’s Chief Credit Officer?

Both time-based and performance-based RSUs for Freddy I. Rivas were granted under the Coastal Financial Corporation 2018 Omnibus Incentive Plan. This plan provides equity-based awards that can convert into common stock as vesting and performance conditions are satisfied.

How do the RSUs for CCB’s Chief Credit Officer convert into shares?

Each restricted stock unit reported for Freddy I. Rivas represents the right to receive one share of common stock upon vesting. Time-based units vest in installments, while performance-based units vest based on meeting specified performance goals within the stated period.