Joel G. Edwards - 25 Jan 2022 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role: Chief Financial Officer
Signature: /s/ Melisa Nelson, as Attorney-in-fact
Issuer symbol: CCB
Transactions as of: 25 Jan 2022
Net transactions value: $0
Form type: 4
Filing time: 27 Jan 2022, 19:05:41 UTC
Previous filing: 14 Jan 2022
Next filing: 30 Aug 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	Award	$0	+3,202	+8%	$0.000000	43,420	25 Jan 2022	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Represents award of time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corp. 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 12,177 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 4,033 RSUs vest in nine approximately equal remaining installments; 4,942 RSUs vest in four approximately equal remaining installments; and 3,202 RSUs vest in approximately four equal installments. Each restricted stock unit represents the right to receive one share of common stock upon vesting.

Content

Represents award of time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corp. 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 12,177 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 4,033 RSUs vest in nine approximately equal remaining installments; 4,942 RSUs vest in four approximately equal remaining installments; and 3,202 RSUs vest in approximately four equal installments. Each restricted stock unit represents the right to receive one share of common stock upon vesting.