Andrew P. Skotdal - May 24, 2021 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role
Director
Signature
/s/ Melisa Nelson, as Attorney-in-fact
Stock symbol
CCB
Transactions as of
May 24, 2021
Transactions value $
$0
Form type
4
Date filed
5/25/2021, 07:54 PM
Next filing
Aug 23, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCB Common Stock Award $0 +490 +13.89% $0.00 4.02K May 24, 2021 Direct F1, F2
holding CCB Common Stock 120K May 24, 2021 By CS Trust F3
holding CCB Common Stock 120K May 24, 2021 By LS Trust F3
holding CCB Common Stock 37.9K May 24, 2021 By Business entity, Corporation
holding CCB Common Stock 1.6K May 24, 2021 By Spouse IRA
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan, which vest according to footnote (2) below.
F2 Includes restricted stock granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan which vest as follows: 490 shares of common stock vest one day prior to the issuer's 2022 Annual Shareholder Meeting, and 281 shares of common stock vest February 4, 2022.
F3 The reporting person disclaims beneficial ownership of the shares held by child's trust, and this report should not be deemed an admission that the reporting person is the beneficial owner of such trust's shares for purposes of Section 16 or for any other purpose.