Andrew G. Stines - 06 May 2024 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Signature
/s/ Melisa Nelson, as Attorney-in-fact
Issuer symbol
CCB
Transactions as of
06 May 2024
Net transactions value
-$7,423
Form type
4
Filing time
07 May 2024, 18:30:26 UTC
Previous filing
07 Feb 2024
Next filing
07 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCB Common Stock Sale $7,423 -179 -1.6% $41.47 11,203 06 May 2024 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were sold to cover tax liability on vesting RSA.
F2 Includes 7,250 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan, 1,861 of which vest in three approximately equal annual installments; 2,605 of which vest in two approximately equal annual installments; and 2,784 of which vest in four approximately equal annual installments. Each restricted stock unit represents the right to receive one share of common stock upon vesting. Also includes 2,000 shares of restricted awards that vest in four approximately equal remaining annual installments.
F3 Includes a correction to total shares outstanding - calculated and reported incorrectly on previous filing.