[Form 4] COASTAL FINANCIAL CORP Insider Trading Activity

Rhea-AI Filing Summary

Coastal Financial Corp (CCB) director Stephan Klee reported a sale and ongoing holdings. On 09/15/2025 he disposed of 4,350 shares of common stock at $109.14 per share. Following that transaction he is reported to beneficially own 1,661 shares directly and 1,119 shares indirectly through SK Trail LLC, for a total of 2,780 shares. The filing also discloses that 1,661 restricted shares were granted under the 2018 Omnibus Incentive Plan and vest one day prior to the issuer's 2026 Annual Shareholder Meeting.

The form is signed by an attorney-in-fact on behalf of the reporting person and shows a single reporting person filing. All information is limited to the transactions and holdings disclosed on the form.

Positive

• Restricted stock grant disclosed under the 2018 Omnibus Incentive Plan that vests prior to the 2026 Annual Shareholder Meeting
• Clear post-transaction ownership breakdown showing direct (1,661 shares) and indirect (1,119 shares via SK Trail LLC) beneficial ownership

Negative

• Insider sale of 4,350 shares reported on 09/15/2025 at $109.14 per share

Insights

Corporate Governance Expert

TL;DR: Director sold a block of shares while retaining restricted equity that vests in 2026; transaction is routine insider activity.

The report shows a director-level reporting person disposed of 4,350 common shares at $109.14 on 09/15/2025 and continues to hold restricted shares that vest prior to the 2026 annual meeting. From a governance perspective, the mix of an outright sale and retained restricted awards aligns with typical director compensation and liquidity management practices. The filing is straightforward and contains required disclosures of direct and indirect holdings, including ownership via SK Trail LLC. No additional corporate actions, disclosures of material contracts, or changes in control are reported.

Securities Analyst

TL;DR: Insider sale reported; remaining direct and indirect holdings and vesting schedule are disclosed.

The Form 4 documents a sale of 4,350 shares at $109.14 and reports 1,661 shares held directly and 1,119 indirectly post-transaction. The filing notes 1,661 restricted shares granted under the 2018 Omnibus Incentive Plan that vest one day before the 2026 annual meeting. For investors tracking insider activity, this provides clear, dated record of the disposition and residual economic interest. The filing does not include derivative transactions, amendments, or other compensatory arrangements beyond the restricted stock vesting detail.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Klee Stephan

(Last) (First) (Middle)

C/O 5415 EVERGREEN WAY

(Street)

EVERETT WA 98203

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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

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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/15/2025		S		4,350	D	$109.14	1,661(1)	D
Common Stock								1,119	I	By SK Trail LLC

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes restricted stock granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan which vests as follows: 1,661 shares of common stock vest one day prior to the issuer's 2026 Annual Shareholder Meeting

Remarks:

	/s/ Melisa Nelson, as Attorney-in-fact	09/17/2025
	** 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 4 (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.

FAQ

What insider transaction did Coastal Financial Corp (CCB) report?

The Form 4 reports that director Stephan Klee sold 4,350 shares of common stock on 09/15/2025 at $109.14 per share.

How many Coastal Financial (CCB) shares does the reporting person own after the transaction?

After the reported transaction the filing shows 1,661 shares owned directly and 1,119 shares owned indirectly via SK Trail LLC, totaling 2,780 shares.

Are there any restricted shares disclosed for the reporting person?

Yes. The filing states 1,661 restricted shares were granted under the Coastal Financial Corporation 2018 Omnibus Incentive Plan and vest one day prior to the 2026 Annual Shareholder Meeting.

Who signed the Form 4 for the reporting person?

The Form 4 is signed by Melisa Nelson, as Attorney-in-fact, with a signature date of 09/17/2025.

Does the Form 4 report any derivative transactions for CCB?

No. Table II for derivative securities contains no reported transactions in this filing.