Andrew G. Stines - Feb 5, 2024 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role
EVP, Chief Risk Officer
Signature
/s/ Melisa Nelson, as Attorney-in-fact
Stock symbol
CCB
Transactions as of
Feb 5, 2024
Transactions value $
-$30,020
Form type
4
Date filed
2/7/2024, 04:04 PM
Previous filing
Jan 5, 2024
Next filing
May 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCB Common Stock Award $0 +2.78K +22.37% $0.00 15.2K Feb 5, 2024 Direct F1
transaction CCB Common Stock Sale -$30K -790 -5.19% $38.00 14.4K Feb 5, 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents award of time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. The RSUs vest in four approximately equal installments commencing on February 5, 2025. Each restricted stock unit represents the right to receive one share of common stock upon vesting.
F2 Represents shares sold to cover tax liability for vesting RSUs.
F3 Includes 7,250 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan, 2,784 of which vest in four approximately equal annual installments; 1,861 of which vest in three approximately equal annual installments; and 2,605 of which vest in two approximately equal annual installments. Each restricted stock unit represents the right to receive one share of common stock upon vesting. Also includes 2,000 shares of restricted awards that vest in four approximately equal remaining annual installments.