Andrew P. Skotdal - May 24, 2022 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role
Director
Signature
/s/ Melisa Nelson, as Attorney-in-fact
Stock symbol
CCB
Transactions as of
May 24, 2022
Transactions value $
$0
Form type
4
Date filed
5/26/2022, 05:18 PM
Previous filing
May 2, 2022
Next filing
Dec 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCB Common Stock Award $0 +939 +121.79% $0.00 1.71K May 24, 2022 Direct F1, F2
holding CCB Common Stock 125K May 24, 2022 By CS Trust F3
holding CCB Common Stock 121K May 24, 2022 By LS Trust F3
holding CCB Common Stock 37.9K May 24, 2022 By Business entity, Corporation F4
holding CCB Common Stock 24.7K May 24, 2022 By LLC
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan, which vest according to footnote (2) below.
F2 Includes restricted stock granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan which vest as follows: 939 shares of common stock vest one day prior to the issuer's 2023 Annual Shareholder Meeting.
F3 The reporting person disclaims beneficial ownership of the shares held by child's trust, and this report should not be deemed an admission that the reporting person is the beneficial owner of such trust's shares for purposes of Section 16 or for any other purpose.
F4 The reporting person is the Secretary/Treasurer with share ownership of 16.5%.