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

Role
EVP, Chief Credit Officer
Signature
/s/ Melisa Nelson, as Attorney-in-fact
Issuer symbol
CCB
Transactions as of
28 Feb 2024
Net transactions value
+$5,410
Form type
4
Filing time
29 Feb 2024, 18:09:11 UTC
Previous filing
07 Feb 2024
Next filing
12 Nov 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 $1,300 +200 +1% $6.50 20,011 28 Feb 2024 Direct F1
transaction CCB Common Stock Options Exercise $1,440 +200 +1% $7.20 20,211 28 Feb 2024 Direct F1
transaction CCB Common Stock Options Exercise $1,420 +200 +0.99% $7.10 20,411 28 Feb 2024 Direct F1
transaction CCB Common Stock Options Exercise $1,250 +200 +0.98% $6.25 20,611 28 Feb 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% $0.000000 600 28 Feb 2024 Common Stock 200 $6.50 Direct F2
transaction CCB Stock Options Options Exercise $0 -200 -33% $0.000000 400 28 Feb 2024 Common Stock 200 $7.20 Direct F3
transaction CCB Stock Options Options Exercise $0 -200 -20% $0.000000 800 28 Feb 2024 Common Stock 200 $7.10 Direct F4
transaction CCB Stock Options Options Exercise $0 -200 -33% $0.000000 400 28 Feb 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.