Andrew P. Skotdal - Dec 17, 2021 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role
Director
Signature
/s/ Joel Edwards, as Attorney-in-fact
Stock symbol
CCB
Transactions as of
Dec 17, 2021
Transactions value $
$999,986
Form type
4
Date filed
12/20/2021, 06:36 PM
Previous filing
Aug 23, 2021
Next filing
May 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCB Common Stock Purchase $1M +24.7K $40.50 24.7K Dec 17, 2021 By LLC F1
transaction CCB Common Stock Gift -$107K -3.63K -82.5% $29.55 771 Aug 13, 2021 Direct F2
transaction CCB Common Stock Gift $155K +5.23K +4.35% $29.55 125K Aug 13, 2021 By CS Trust F3
transaction CCB Common Stock Gift -$47.3K -1.6K -100% $29.55 0 Aug 13, 2021 By Spouse
holding CCB Common Stock 120K Dec 17, 2021 By LS Trust F3
holding CCB Common Stock 37.9K Dec 17, 2021 By Business entity, Corporation F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were purchased from issuer in an underwritten public stock offering.
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.
F4 The reporting person is the Secretary/Treasurer with share ownership of 16.5%.