Joel G. Edwards - 14 Mar 2023 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role: Chief Financial Officer
Signature: /s/ Melisa Nelson, as Attorney-in-fact
Issuer symbol: CCB
Transactions as of: 14 Mar 2023
Net transactions value: $0
Form type: 4
Filing time: 14 Mar 2023, 15:25:52 UTC
Previous filing: 26 Jan 2023
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	Options Exercise	$2,200	+400	+0.81%	$5.50	49,933	14 Mar 2023	Direct	F1
transaction	CCB	Common Stock	Options Exercise	$8,640	+1,200	+2.4%	$7.20	51,133	14 Mar 2023	Direct	F1
transaction	CCB	Common Stock	Options Exercise	$7,500	+1,200	+2.3%	$6.25	52,333	14 Mar 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	$2,200	-400	-33%	$5.50	800	14 Mar 2023	Common Stock	400	$5.50	Direct	F2
transaction	CCB	Stock Options	Options Exercise	$8,640	-1,200	-40%	$7.20	1,800	14 Mar 2023	Common Stock	1,200	$7.20	Direct	F3
transaction	CCB	Stock Options	Options Exercise	$7,500	-1,200	-40%	$6.25	1,800	14 Mar 2023	Common Stock	1,200	$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.