JOHN J. DICKSON - 24 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: 24 Jan 2022
Net transactions value: +$12,532
Form type: 4
Filing time: 26 Jan 2022, 09:10:41 UTC
Previous filing: 14 Jan 2022
Next filing: 27 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	$2,840	+400	+1.3%	$7.10^*	30,376	24 Jan 2022	Direct	F1
transaction	CCB	Common Stock	Options Exercise	$9,692	+650	+2.1%	$14.91	31,026	24 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	-14%	$0.000000	2,400	24 Jan 2022	Common Stock	400	$7.10	Direct	F2
transaction	CCB	Stock Options	Options Exercise	$0	-650	-12%	$0.000000	4,550	24 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 January 22, 2019.
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.