Thomas D. Lane - 17 Dec 2021 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role
Director
Signature
/s/ Joel Edwards, as Attorney-in-fact
Issuer symbol
CCB
Transactions as of
17 Dec 2021
Net transactions value
+$299,984
Form type
4
Filing time
20 Dec 2021, 18:38:25 UTC
Previous filing
25 May 2021
Next filing
04 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCB Common Stock Gift $2,140,500 -50,000 -42% $42.81 68,403 15 Dec 2021 Direct F1
transaction CCB Common Stock Purchase $299,984 +7,407 +11% $40.50 75,810 17 Dec 2021 Direct F1, F2
transaction CCB Common Stock Gift $2,140,500 +50,000 $42.81 50,000 15 Dec 2021 Blind trust accounts
* 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 vest as follows: 490 shares of common stock vest one day prior to the issuer's 2022 Annual Shareholders' Meeting, and 281 shares of common stock vest on February 3, 2022.
F2 These shares were purchased from the issuer in an underwritten public stock offering.