Russ A. Keithley - 03 Aug 2022 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role: Chief Banking Officer
Signature: /s/ Melisa Nelson, as Attorney-in-fact
Issuer symbol: CCB
Transactions as of: 03 Aug 2022
Net transactions value: -$149,053
Form type: 4
Filing time: 22 Aug 2022, 14:34:08 UTC
Previous filing: 27 Jan 2022
Next filing: 26 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CCB	Common Stock	Sale	$149,053	-3,647	-100%	$40.87	0	03 Aug 2022	by 401(k)	F1
holding	CCB	Common Stock						9,705	03 Aug 2022	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Coastal Financial Corporation ("Coastal") previously eliminated the unitized stock fund related to shares of Coastal common stock as an investment alternative available under Coastal's 401(k) plan. Effective August 3, 2022, the 3,647 shares of Coastal common stock the reporting person previously reported as beneficially owned under the plan were liquidated.
F2	Includes 8,200 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 2,776 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.

Content

Coastal Financial Corporation ("Coastal") previously eliminated the unitized stock fund related to shares of Coastal common stock as an investment alternative available under Coastal's 401(k) plan. Effective August 3, 2022, the 3,647 shares of Coastal common stock the reporting person previously reported as beneficially owned under the plan were liquidated.

Includes 8,200 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 2,776 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.