Jonathan E. Sand - Feb 28, 2024 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role: EVP, Chief Credit Officer
Signature: /s/ Melisa Nelson, as Attorney-in-fact
Stock symbol: CCB
Transactions as of: Feb 28, 2024
Transactions value $: $5,410
Form type: 4
Date filed: 2/29/2024, 06:09 PM
Previous 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	$1.3K	+200	+1.01%	$6.50	20K	Feb 28, 2024	Direct	F1
transaction	CCB	Common Stock	Options Exercise	$1.44K	+200	+1%	$7.20	20.2K	Feb 28, 2024	Direct	F1
transaction	CCB	Common Stock	Options Exercise	$1.42K	+200	+0.99%	$7.10	20.4K	Feb 28, 2024	Direct	F1
transaction	CCB	Common Stock	Options Exercise	$1.25K	+200	+0.98%	$6.25	20.6K	Feb 28, 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
transaction	CCB	Stock Options	Options Exercise	$0	-200	-25%	$0.00	600	Feb 28, 2024	Common Stock	200	$6.50	Direct	F2
transaction	CCB	Stock Options	Options Exercise	$0	-200	-33.33%	$0.00	400	Feb 28, 2024	Common Stock	200	$7.20	Direct	F3
transaction	CCB	Stock Options	Options Exercise	$0	-200	-20%	$0.00	800	Feb 28, 2024	Common Stock	200	$7.10	Direct	F4
transaction	CCB	Stock Options	Options Exercise	$0	-200	-33.33%	$0.00	400	Feb 28, 2024	Common Stock	200	$6.25	Direct	F5

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

Explanation of Responses:

Id	Content
F1	Includes 5,725 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 622 RSUs vest in six approximately equal remaining annual installments; 1,487 RSUs vest in three approximately equal remaining annual installments; 1,819 RSUs vest in approximately four equal remaining annual installments; 1,797 RSUs vest in two approximately equal remaining annual 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 January 26, 2018.
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 January 22, 2019.
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 February 24, 2017.