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

Role
Director
Signature
/s/ Melisa Nelson, as Attorney-in-fact
Issuer symbol
CCB
Transactions as of
24 May 2021
Net transactions value
$0
Form type
4
Filing time
25 May 2021, 19:54:12 UTC
Next filing
23 Aug 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 Award $0 +490 +14% $0.000000 4,017 24 May 2021 Direct F1, F2
holding CCB Common Stock 120,200 24 May 2021 By CS Trust F3
holding CCB Common Stock 120,200 24 May 2021 By LS Trust F3
holding CCB Common Stock 37,888 24 May 2021 By Business entity, Corporation
holding CCB Common Stock 1,600 24 May 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.