Eric M. Sprink - Jan 25, 2022 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role: President & CEO, Director
Signature: /s/ Melisa Nelson, as Attorney-in-fact
Stock symbol: CCB
Transactions as of: Jan 25, 2022
Transactions value $: $0
Form type: 4
Date filed: 1/27/2022, 03:51 PM
Previous filing: Oct 6, 2021
Next filing: Nov 22, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CCB	Common Stock	Award	$0	+14.2K	+9.25%	$0.00	168K	Jan 25, 2022	Direct	F1, F2
holding	CCB	Common Stock						400	Jan 25, 2022	By custodian for child 1
holding	CCB	Common Stock						400	Jan 25, 2022	By custodian for child 2
holding	CCB	Common Stock						400	Jan 25, 2022	By custodian for child 3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents time-based restricted stock units issued pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. The RSUs vest in four approximately equal installments commencing on January 25, 2023. Each restricted stock unit represents the right to receive one share of common stock upon vesting.
F2	Includes 43,065 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 16,773 of the RSUs vest in nine approximately equal remaining installments; 12,064 of the RSUs vest in four approximately equal remaining installments; and 14,228 of the RSUs vest in approximately four equal installments. Also includes 100,000 shares of performance-based restricted stock units that vest on October 4, 2027, the quantity of which is dependent upon achievement of specified performance goals. Each restricted stock unit represents the right to receive one share of common stock upon vesting.

Content

Represents time-based restricted stock units issued pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. The RSUs vest in four approximately equal installments commencing on January 25, 2023. Each restricted stock unit represents the right to receive one share of common stock upon vesting.

Includes 43,065 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 16,773 of the RSUs vest in nine approximately equal remaining installments; 12,064 of the RSUs vest in four approximately equal remaining installments; and 14,228 of the RSUs vest in approximately four equal installments. Also includes 100,000 shares of performance-based restricted stock units that vest on October 4, 2027, the quantity of which is dependent upon achievement of specified performance goals. Each restricted stock unit represents the right to receive one share of common stock upon vesting.