Andrew P. Skotdal - Mar 13, 2023 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
Mar 13, 2023
Transactions value $
$32,000
Form type
4
Date filed
3/13/2023, 08:04 PM
Previous filing
Dec 13, 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 Purchase $32K +1K +58.48% $32.00 2.71K Mar 13, 2023 Direct F1
holding CCB Common Stock 125K Mar 13, 2023 By CS Trust F2
holding CCB Common Stock 121K Mar 13, 2023 By LS Trust F2
holding CCB Common Stock 34.1K Mar 13, 2023 By Business entity, Corporation F3
holding CCB Common Stock 24.7K Mar 13, 2023 By LLC
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes restricted stock granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan which vests as follows: 939 shares of common stock vest one day prior to the issuer's 2023 Annual Shareholder Meeting.
F2 The reporting person disclaims beneficial ownership of the shares held by the 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.
F3 The reporting person is the Secretary/Treasurer with share ownership of 16.5%.