Michael Culp - Jan 1, 2024 Form 3 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role: Chief Revenue Officer
Signature: /s/ Melisa Nelson, as Attorney-in-fact
Stock symbol: CCB
Transactions as of: Jan 1, 2024
Transactions value $: $0
Form type: 3
Date filed: 1/5/2024, 04:01 PM
Next filing: Feb 7, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CCB	Common Stock						16.7K	Jan 1, 2024	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
holding	CCB	Stock Options							Jan 1, 2024	Common Stock	1K	$5.50	Direct	F2
holding	CCB	Stock Options							Jan 1, 2024	Common Stock	1K	$7.20	Direct	F3
holding	CCB	Stock Options							Jan 1, 2024	Common Stock	1K	$6.25	Direct	F4
holding	CCB	Stock Options							Jan 1, 2024	Common Stock	1K	$6.50	Direct	F5
holding	CCB	Stock Options							Jan 1, 2024	Common Stock	1K	$7.10	Direct	F6
holding	CCB	Stock Options							Jan 1, 2024	Common Stock	1K	$14.91	Direct	F7

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

Explanation of Responses:

Id	Content
F1	Includes 15,277 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 544 RSUs vest in seven approximately equal remaining annual installments; 2,243 RSUs vest in three approximately equal remaining annual installments; 2,490 RSUs vest in approximately four equal annual installments; 5,000 shares vest 7/26/27; and 5,000 shares vest on 1/26/30. 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.
F5	Stock options granted pursuant to the Coastal Financial Corp. 2006 Stock Option and Equity Compensation Plan vest in ten approximately equal installments commencing on January 26, 2018.
F6	Stock options granted pursuant to the Coastal Financial Corp. 2006 Stock Option and Equity Compensation Plan vest in ten approximately equal installments commencing on January 22, 2019.
F7	Stock options granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan vest in ten approximately equal installments commencing on January 22, 2020.