Russ A. Keithley - 25 Jan 2023 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: 25 Jan 2023
Net transactions value: $0
Form type: 4
Filing time: 26 Jan 2023, 19:22:47 UTC
Previous filing: 22 Aug 2022
Next filing: 07 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CCB	Common Stock	Award	$0	+2,591	+27%	$0.000000	12,296	25 Jan 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 9,435 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corp. 2018 Omnibus Incentive Plan. 2,776 of the RSUs vest in approximately eight equal remaining installments; 2,435 of the RSUs vest in approximately three equal installments; 1,633 vest in in three approximately equal installments; and 2,591 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 9,435 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corp. 2018 Omnibus Incentive Plan. 2,776 of the RSUs vest in approximately eight equal remaining installments; 2,435 of the RSUs vest in approximately three equal installments; 1,633 vest in in three approximately equal installments; and 2,591 vest in four approximately equal installments. Each restricted stock unit represents the right to receive one share of common stock upon vesting.