COASTAL FINANCIAL CORP
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
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Jun 30, 2024 · Filed Aug 8, 2024
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Item 5. Other Information
On June 12, 2024, Eric M. Sprink, the Company’s Chief Executive Officer, adopted a “Rule 10b5-1 trading arrangement” for the potential sale of up to 163,436 shares of common stock, subject to certain conditions. The arrangement will terminate on the earlier of (a) June 12, 2025 or (b) the 5th business day after Mr. Sprink or the broker notifies the other in writing that it shall terminate. No other director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.
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