Joel Edwards - Mar 14, 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
Mar 14, 2023
Transactions value $
$0
Form type
4
Date filed
3/14/2023, 03:25 PM
Previous filing
Jan 26, 2023
Next filing
Feb 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCB Common Stock Options Exercise $2.2K +400 +0.81% $5.50 49.9K Mar 14, 2023 Direct F1
transaction CCB Common Stock Options Exercise $8.64K +1.2K +2.4% $7.20 51.1K Mar 14, 2023 Direct F1
transaction CCB Common Stock Options Exercise $7.5K +1.2K +2.35% $6.25 52.3K Mar 14, 2023 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 -$2.2K -400 -33.33% $5.50 800 Mar 14, 2023 Common Stock 400 $5.50 Direct F2
transaction CCB Stock Options Options Exercise -$8.64K -1.2K -40% $7.20 1.8K Mar 14, 2023 Common Stock 1.2K $7.20 Direct F3
transaction CCB Stock Options Options Exercise -$7.5K -1.2K -40% $6.25 1.8K Mar 14, 2023 Common Stock 1.2K $6.25 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 13,359 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 3,137 RSUs vest in seven 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.
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 March 18, 2015.
F3 Stock options granted pursuant to the Coastal Financial Corp. 2006 Stock Option and Equity Compensation Plan vest in ten approximately equal installments commencing on July 1, 2016.
F4 Stock options granted pursuant to the Coastal Financial Corp. 2006 Stock Option and Equity Compensation Plan vest in ten approximately equal installments commencing on February 24, 2017.