Joel G. Edwards - 29 Aug 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
29 Aug 2022
Net transactions value
+$8,500
Form type
4
Filing time
30 Aug 2022, 20:38:31 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 Options Exercise $8,500 +2,000 +4.6% $4.25 45,420 29 Aug 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 -2,000 -100% $0.000000* 0 29 Aug 2022 Common Stock 2,000 $4.25 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 11,729 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 4,481 RSUs vest in ten approximately equal installments commencing on February 3, 2021, 3,585 remain unvested; 6,177 RSUs vest in five approximately equal installments commencing on January 25, 2022, 4,942 remain unvested; and 3,202 RSUs vest in four approximately equal installments commencing on January 25, 2023, 3,202 remain unvested. 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 Compensation Plan vest in ten approximately equal installments commencing on November 15, 2013.