Russ A. Keithley - Dec 31, 2021 Form 5 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role
Chief Banking Officer
Signature
/s/ Melisa Nelson, as Attorney-in-fact
Stock symbol
CCB
Transactions as of
Dec 31, 2021
Transactions value $
$0
Form type
5
Date filed
1/27/2022, 07:02 PM
Next filing
Jan 27, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CCB Common Stock 3.65K Dec 31, 2021 by 401(k) F1
holding CCB Common Stock 7.53K Dec 31, 2021 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form reflects increases/decreases in beneficial ownership resulting from unit accounting procedures currently in use by the Administrator of the Coastal Community Bank 401(k) Plan. The Coastal Community Bank Employee 401(k) Plan uses unit accounting and the number of shares that a participant is deemed to hold varies with the price of Coastal Financial Corporation.
F2 Includes 7,181 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corp. 2018 Omnibus Incentive Plan. 3,123 of the RSUs vest in approximately nine equal remaining installments; and 4,058 of the RSUs vest in approximately five equal installments. Each restricted stock unit represents the right to receive one share of common stock upon vesting.