JOHN J. DICKSON - 24 May 2021 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role
Chief Operations Officer
Signature
/s/ Melisa Nelson, as Attorney-in-fact
Issuer symbol
CCB
Transactions as of
24 May 2021
Net transactions value
+$19,832
Form type
4
Filing time
25 May 2021, 19:45:14 UTC
Next filing
01 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCB Common Stock Options Exercise $2,200 +400 +1.2% $5.50* 32,976 24 May 2021 Direct F1
transaction CCB Common Stock Options Exercise $2,500 +400 +1.2% $6.25* 33,376 24 May 2021 Direct F1
transaction CCB Common Stock Options Exercise $2,600 +400 +1.2% $6.50* 33,776 24 May 2021 Direct F1
transaction CCB Common Stock Options Exercise $2,840 +400 +1.2% $7.10* 34,176 24 May 2021 Direct F1
transaction CCB Common Stock Options Exercise $9,692 +650 +1.9% $14.91 34,826 24 May 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CCB Stock Options Options Exercise $0 -400 -25% $0.000000 1,200 24 May 2021 Common Stock 400 $5.50 Direct F2
transaction CCB Stock Options Options Exercise $0 -400 -17% $0.000000 2,000 24 May 2021 Common Stock 400 $6.25 Direct F3
transaction CCB Stock Options Options Exercise $0 -400 -14% $0.000000 2,400 24 May 2021 Common Stock 400 $6.50 Direct F4
transaction CCB Stock Options Options Exercise $0 -400 -12% $0.000000 2,800 24 May 2021 Common Stock 400 $7.10 Direct F5
transaction CCB Stock Options Options Exercise $0 -650 -10% $0.000000 5,850 24 May 2021 Common Stock 650 $14.91 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 7,405 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 3,347 RSUs vest in nine approximately equal installments, and 4,058 RSUs vest in five approximately equal installments. Each restricted stock unit represents the right to receive one share of common stock upon vesting.
F2 Stock options granted pursuant to the Coastal Financial Corp 2006 Stock Option and Equity Plan vest in ten approximately equal installments commencing on March 18, 2015.
F3 Stock options granted pursuant to the Coastal Financial Corp 2006 Stock Options and Equity Plan vest in ten approximately equal installments commencing on February 24, 2017.
F4 Stock options granted pursuant to the Coastal Financial Corp 2006 Stock Options and Equity Plan vest in ten approximately equal installments commencing on January 26, 2018.
F5 Stock options granted pursuant to the Coastal Financial Corp 2006 Stock Options and Equity Plan vest in ten approximately equal installments commencing on January 22, 2019.
F6 Stock options granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan vest in ten approximately equal installments commencing on January 22, 2020.