Eric M. Sprink - Mar 14, 2023 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role: CEO, Director
Signature: /s/ Melisa Nelson, as Attorney-in-fact
Stock symbol: CCB
Transactions as of: Mar 14, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/14/2023, 02:37 PM
Previous filing: Feb 28, 2023
Next filing: Aug 15, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CCB	Common Stock	Options Exercise	$249K	+39.8K	+14.19%	$6.25	320K	Mar 14, 2023	Direct	F1
holding	CCB	Common Stock						400	Mar 14, 2023	By Custodian for Child 1
holding	CCB	Common Stock						400	Mar 14, 2023	By Custodian for Child 3
holding	CCB	Common Stock						400	Mar 14, 2023	By Custodian for Child 2

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	-$249K	-39.8K	-100%	$6.25	0	Mar 14, 2023	Common Stock	39.8K	$6.25	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Includes 49,496 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 13,046 of the RSUs vest in seven approximately equal remaining installments; 9,048 of the RSUs vest in three approximately equal remaining installments; 10,671 of the RSUs vest in three approximately equal remaining installments: and 16,731 of the RSUs vest in approximately four equal installments. Also includes 100,000 shares of performance-based restricted stock units that vest on October 4, 2027, the quantity of which is dependent upon achievement of specified performance goals. 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 five approximately equal installments commencing on November 13, 2015.

Content

Includes 49,496 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 13,046 of the RSUs vest in seven approximately equal remaining installments; 9,048 of the RSUs vest in three approximately equal remaining installments; 10,671 of the RSUs vest in three approximately equal remaining installments: and 16,731 of the RSUs vest in approximately four equal installments. Also includes 100,000 shares of performance-based restricted stock units that vest on October 4, 2027, the quantity of which is dependent upon achievement of specified performance goals. Each restricted stock unit represents the right to receive one share of common stock upon vesting.

Stock options granted pursuant to the Coastal Financial Corp. 2006 Stock Option and Equity Compensation Plan vest in five approximately equal installments commencing on November 13, 2015.