JOHN J. DICKSON - 14 Jan 2022 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role
Chief Operations Officer
Signature
/s/ Melisa Nelson, as Attorney-in-fact
Issuer symbol
CCB
Transactions as of
14 Jan 2022
Net transactions value
-$49,852
Form type
4
Filing time
14 Jan 2022, 15:11:42 UTC
Previous filing
08 Dec 2021
Next filing
26 Jan 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 Options Exercise $2,880 +400 +1.3% $7.20* 30,526 14 Jan 2022 Direct F1
transaction CCB Common Stock Options Exercise $9,692 +650 +2.1% $14.91 31,176 14 Jan 2022 Direct F1
transaction CCB Common Stock Gift $62,424 -1,200 -3.8% $52.02 29,976 14 Jan 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CCB Stock Options Options Exercise $0 -400 -20% $0.000000 1,600 14 Jan 2022 Common Stock 400 $7.20 Direct F2
transaction CCB Stock Options Options Exercise $0 -650 -11% $0.000000 5,200 22 Jan 2022 Common Stock 650 $14.91 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 7,405 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 3,347 RSUs vest in nine approximately equal installments, and 4,058 RSUs vest in five approximately equal installments. Each restricted stock unit represents the right to receive one share of common stock upon vesting.
F2 Stock options granted pursuant to the Coastal Financial Corp 2006 Stock Option and Equity Plan vest in ten approximately equal installments commencing on July 1, 2016.
F3 Stock options granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan vest in ten approximately equal installments commencing on January 22, 2020.