Coastal Financial Corporation, listed on the NASDAQ as CCB, is a financial institution that provides a range of banking services. The company operates in a competitive market, with other financial entities vying for market share. Recently, a significant transaction involving the company's CEO, Eric M. Sprink, has drawn attention.
On January 16, 2026, Eric M. Sprink, the director and CEO of CCB, sold 3,000 shares of the company's common stock. The shares were sold at an average price of $117.60 each, totaling $352,800. This transaction was officially documented and filed with the SEC, as highlighted by the official filing.
Following the sale, Sprink retains ownership of 182,884 shares, valued at approximately $21.5 million. This sale represents a 1.61% decrease in his holdings. Despite this reduction, Sprink's remaining shares still signify a substantial investment in the company.
The insider selling coincided with a 1.7% decrease in Coastal Financial's stock price, which opened at $116.94. The stock's current price is $113.04, reflecting a decrease of 0.57% or $0.65. The stock has traded between $112.13 and $114.86 today, with a market capitalization of approximately $1.71 billion.
Coastal Financial's stock has experienced fluctuations over the past year, with a high of $120.05 and a low of $76.11. The company has a price-to-earnings ratio of 37.01 and a beta of 0.89, indicating moderate volatility compared to the market.
