Russ A. Keithley - 05 Mar 2024 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role: Chief Banking Officer
Signature: /s/ Melisa Nelson, as Attorney-in-fact
Issuer symbol: CCB
Transactions as of: 05 Mar 2024
Net transactions value: +$14,300
Form type: 4
Filing time: 06 Mar 2024, 09:16:47 UTC
Previous filing: 07 Feb 2024
Next filing: 29 Jan 2025
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	$14,300	+2,600	+17%	$5.50	17,510	05 Mar 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	-2,600	-100%	$0.000000^*	0	05 Mar 2024	Common Stock	2,600	$5.50	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Includes 9,353 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 2,082 RSUs vest in six approximately equal remaining installments; 1,944 RSUs vest in three approximately equal remaining installments; 2,614 RSUs vest in approximately four equal installments; and 2,713 shares vest in two approximately equal 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 March 18, 2015.

Content

Includes 9,353 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 2,082 RSUs vest in six approximately equal remaining installments; 1,944 RSUs vest in three approximately equal remaining installments; 2,614 RSUs vest in approximately four equal installments; and 2,713 shares vest in two approximately equal installments. Each restricted stock unit represents the right to receive one share of common stock upon vesting.

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.