Tarah M. Herger - Feb 5, 2024 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role
EVP, Division Manager
Signature
/s/ Melisa Nelson, as Attorney-in-fact
Stock symbol
CCB
Transactions as of
Feb 5, 2024
Transactions value $
-$9,349
Form type
4
Date filed
2/7/2024, 04:13 PM
Previous filing
Jan 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCB Common Stock Award $0 +1.63K +12.05% $0.00 15.2K Feb 5, 2024 Direct F1
transaction CCB Common Stock Sale -$8.7K -229 -1.51% $38.00 14.9K Feb 5, 2024 Direct F2
transaction CCB Common Stock Sale -$647 -17 -0.11% $38.08 14.9K Feb 6, 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 the tax liability on vesting RSUs.
F3 Includes 13,738 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 311 RSUs vest in six approximately equal remaining annual installments; 630 vest in two approximately equal remaining installments; 1,167 RSUs vest in approximately three equal remaining annual installments; 1,630 RSUs vest in four approximately equal remaining annual installments; 5,000 shares vest on July 26, 2027; 5,000 shares vest on January 26, 2030. Each restricted stock unit represents the right to receive one share of common stock upon vesting.