COASTAL FINANCIAL CORP
For the period ended Jun 30, 2025. Filed Aug 8, 2025.
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Jun 30, 2025 · Filed Aug 8, 2025
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Item 5. Other Information
During the three months ended June 30, 2025, no director or officer of the Company adopted, modified orterminated 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, except as follows:
On June 5, 2025, Eric M. Sprink, the Company’s Chief Executive Officer, adopted a Rule 10b5-1 trading arrangement, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), for the potential sale of up to 102,686 shares of common stock, subject to certain conditions. The arrangement will terminate on the earlier of (a)June 5, 2026 and (b) the 2nd business day after Mr. Sprink, or the 1st business day after Broker, notifies the other in writing that it shall terminate.
On June 12, 2025, Joel G. Edwards, the Company’s Chief Financial Officer, adopted a Rule 10b5-1 trading arrangement, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), for the potential sale of up to 32,666 shares of common stock, subject to certain conditions. The arrangement will terminate on the earlier of (a)June 12, 2026 and (b) the 2nd business day after Mr. Edwards, or the 1st business day after Broker, notifies the other in writing that it shall terminate.
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