Joel G. Edwards - 12 Mar 2024 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role: Chief Financial Officer
Signature: /s/ Joel Edwards
Issuer symbol: CCB
Transactions as of: 12 Mar 2024
Net transactions value: +$4,400
Form type: 4
Filing time: 12 Mar 2024, 20:25:26 UTC
Previous filing: 07 Feb 2024
Next filing: 24 May 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	$4,400	+800	+1.4%	$5.50^*	57,403	12 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	-800	-100%	$0.000000^*	0	12 Mar 2024	Common Stock	800	$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 14,116 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan, 4,072 of which vest in two approximately equal annual installments; 3,085 of which vest in three approximately equal annual installments; 4,270 of which vest in four approximately equal installments; and 2,689 that vest in six 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 14,116 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan, 4,072 of which vest in two approximately equal annual installments; 3,085 of which vest in three approximately equal annual installments; 4,270 of which vest in four approximately equal installments; and 2,689 that vest in six 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.