John J. Dickson - Jan 24, 2022 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role
Chief Operations Officer
Signature
/s/ Melisa Nelson, as Attorney-in-fact
Stock symbol
CCB
Transactions as of
Jan 24, 2022
Transactions value $
$12,532
Form type
4
Date filed
1/26/2022, 09:10 AM
Previous filing
Jan 14, 2022
Next filing
Jan 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCB Common Stock Options Exercise $2.84K +400 +1.33% $7.10* 30.4K Jan 24, 2022 Direct F1
transaction CCB Common Stock Options Exercise $9.69K +650 +2.14% $14.91 31K Jan 24, 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 -14.29% $0.00 2.4K Jan 24, 2022 Common Stock 400 $7.10 Direct F2
transaction CCB Stock Options Options Exercise $0 -650 -12.5% $0.00 4.55K Jan 24, 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.