12,402 shares were sold in the open market for a transaction value of approximately $1.4 million, with a sale price of $114.83 per share on Jan. 21 and Jan. 22, 2026.
This sale represented 7.23% of Eric Sprink’s total holdings, reducing direct ownership to 159,126 shares post-transaction.
The disposition involved only direct shares; no indirect holdings or derivative securities were involved in this filing.
The transaction size is above Sprink’s historical median sale size, reflecting a larger-than-typical share disposition, but aligns with capacity constraints as direct holdings have declined sharply since early 2023.
Eric M Sprink, CEO of Coastal Financial Corporation (NASDAQ:CCB), directly sold 12,402 shares in multiple open-market transactions on Jan. 21, 2026, and Jan. 22, 2026, representing approximately $1.4 million in value according to the SEC Form 4 filing.
| Metric | Value |
|---|---|
| Shares sold (direct) | 12,402 |
| Transaction value | ~$1.4 million |
| Post-transaction shares (direct) | 159,126 |
| Post-transaction shares (indirect) | 2,085 |
| Post-transaction value (direct ownership) | ~$18.4 million |
Transaction value based on SEC Form 4 weighted average purchase price ($114.83); post-transaction value based on Jan. 22, 2026, market close ($114.83).
| Metric | Value |
|---|---|
| Price (as of market close 1/22/26) | $114.83 |
| Market capitalization | $1.61 billion |
| Revenue (TTM) | $527.87 million |
| Net income (TTM) | $47.72 million |
* 1-year performance metrics are calculated using Jan. 22, 2026, as the reference date.
Coastal Financial Corporation is a regional bank holding company focused on delivering tailored financial solutions to businesses and individuals in Washington state. The company leverages a diversified product portfolio and an innovative banking-as-a-service platform to drive growth and differentiate itself within the competitive regional banking landscape. Its scalable business model and strong local market presence support ongoing expansion and client acquisition.
Coastal Financial stock has been a strong performer over the years. In the past 12 months, the stock has returned 24% and over the past five- and 10-year periods it has produced stellar average annualized returns of 38.7% and 27.8%, respectively.
On Jan. 9, the company acquired the GreenFi brand of climate-friendly consumer financial services products from Mission Financial Partners. The GreenFi platform includes an app that consumers can use to find sustainable investing options and deploy carbon offsets to mitigate environmental impacts. Further, deposits won’t be used to invest in fossil fuel companies. It also offers a platform for institutional investors to facilitate ESG investing and compliance.
It is not clear from the SEC filing why the CEO sold shares of company stock. The filing says: “The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.” That means it was part of a predetermined plan.
Coastal Financial stock is down about 8% year-to-date, and it has gotten a bit expensive, trading at 33 times earnings. The sale of shares shouldn’t raise any red flags, mainly because it is predetermined and not a significant amount. Plus, it makes sense to systematically lock in gains given the stock’s sustained high performance over the years.
When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor’s total average return is 950%* — a market-crushing outperformance compared to 197% for the S&P 500.
They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor.
*Stock Advisor returns as of January 28, 2026.
Dave Kovaleski has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
—
Blog powered by G6
Disclaimer! A guest author has made this post. G6 has not checked the post. its content and attachments and under no circumstances will G6 be held responsible or liable in any way for any claims, damages, losses, expenses, costs or liabilities whatsoever (including, without limitation, any direct or indirect damages for loss of profits, business interruption or loss of information) resulting or arising directly or indirectly from your use of or inability to use this website or any websites linked to it, or from your reliance on the information and material on this website, even if the G6 has been advised of the possibility of such damages in advance.
For any inquiries, please contact [email protected]
