Joel Edwards - Jan 25, 2023 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role: Chief Financial Officer
Signature: /s/ Melisa Nelson, as Attorney-in-fact
Stock symbol: CCB
Transactions as of: Jan 25, 2023
Transactions value $: $0
Form type: 4
Date filed: 1/26/2023, 07:19 PM
Previous filing: Aug 30, 2022
Next filing: Mar 14, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CCB	Common Stock	Award	$0	+4.11K	+9.06%	$0.00	49.5K	Jan 25, 2023	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 Corporation 2018 Omnibus Incentive Plan. The RSUs vest in four approximately equal installments commencing on January 25, 2024. Each restricted stock unit represents the right to receive one share of common stock upon vesting.
F2	Includes 13,807 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 3,585 RSUs vest in eight approximately equal remaining installments; 3,707 RSUs vest in three approximately equal remaining installments; 2,402 RSUs vest in approximately three equal installments; and 4,113 shares vest in four approximately 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 Corporation 2018 Omnibus Incentive Plan. The RSUs vest in four approximately equal installments commencing on January 25, 2024. Each restricted stock unit represents the right to receive one share of common stock upon vesting.

Includes 13,807 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 3,585 RSUs vest in eight approximately equal remaining installments; 3,707 RSUs vest in three approximately equal remaining installments; 2,402 RSUs vest in approximately three equal installments; and 4,113 shares vest in four approximately equal installments. Each restricted stock unit represents the right to receive one share of common stock upon vesting.