Eric M. Sprink - Oct 4, 2021 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role
President & CEO, Director
Signature
/s/ Melisa Nelson, as Attorney-in-fact
Stock symbol
CCB
Transactions as of
Oct 4, 2021
Transactions value $
$0
Form type
4
Date filed
10/6/2021, 09:19 PM
Next filing
Jan 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCB Common Stock Award $0 +100K +185.81% $0.00 154K Oct 4, 2021 Direct F1, F2
holding CCB Common Stock 400 Oct 4, 2021 By custodian for child 1
holding CCB Common Stock 400 Oct 4, 2021 By custodian for child 2
holding CCB Common Stock 400 Oct 4, 2021 By custodian for child 3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 100,000 performance-based restricted stock units pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. A maximum of 100,000 shares vest on October 4, 2027 the quantity of which is dependent upon achievement of specified performance goals.
F2 Includes 33,715 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 18,636 of the RSUs vest in ten approximately equal installments commencing on February 3, 2021 and 15,079 of the RSUs vest in five approximately equal installments commencing on January 25, 2022. Also includes 100,000 shares of performance-based restricted stock units that vest on October 4, 2027, the quantity of which is dependent upon achievement of specified performance goals. Each restricted stock unit represents the right to receive one share of common stock upon vesting.