JOHN J. DICKSON - 18 Mar 2022 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role
Chief Operating Officer
Signature
/s/ Melisa Nelson, as Attorney-in-fact
Issuer symbol
CCB
Transactions as of
18 Mar 2022
Net transactions value
+$7,300
Form type
4
Filing time
21 Mar 2022, 20:11:52 UTC
Previous filing
27 Jan 2022
Next filing
09 Sep 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 $2,200 +400 +1.2% $5.50* 33,603 18 Mar 2022 Direct F1
transaction CCB Common Stock Options Exercise $2,500 +400 +1.2% $6.25* 34,003 18 Mar 2022 Direct F1
transaction CCB Common Stock Options Exercise $2,600 +400 +1.2% $6.50* 34,403 18 Mar 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 -33% $0.000000 800 18 Mar 2022 Common Stock 400 $5.50 Direct F2
transaction CCB Stock Options Options Exercise $0 -400 -20% $0.000000 1,600 18 Mar 2022 Common Stock 400 $6.25 Direct F3
transaction CCB Stock Options Options Exercise $0 -400 -17% $0.000000 2,000 18 Mar 2022 Common Stock 400 $6.50 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 8,399 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 2,975 RSUs vest in eight approximately equal remaining installments, 3,247 RSUs vest in four approximately equal remaining installments and 2,177 RSUs vest in four 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 March 18, 2015.
F3 Stock options granted pursuant to the Coastal Financial Corporation 2006 Stock Option and Equity Plan vest in ten approximately equal installments commencing on February 24, 2017.
F4 Stock options granted pursuant to the Coastal Financial Corporation 2006 Stock Option and Equity Plan vest in ten approximately equal installments commencing on January 26, 2018.