Joel G. Edwards - 23 May 2024 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role: Chief Financial Officer
Signature: /s/ Joel Edwards
Issuer symbol: CCB
Transactions as of: 23 May 2024
Net transactions value: -$539,967
Form type: 4
Filing time: 24 May 2024, 17:24:10 UTC
Previous filing: 12 Mar 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	Sale	$45,961	-1,034	-1.8%	$44.45	56,369	23 May 2024	Direct
transaction	CCB	Common Stock	Sale	$494,006	-11,380	-20%	$43.41	44,989	24 May 2024	Direct	F1

* 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. 2,689 RSUs vest in six approximately equal remaining installments; 4,270 RSUs vest in four approximately equal remaining installments; 3,085 RSUs vest in approximately three equal installments; and 4,072 shares vest in two approximately equal installments. Each restricted stock unit represents the right to receive one share of common stock upon vesting.

Content

Includes 14,116 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 2,689 RSUs vest in six approximately equal remaining installments; 4,270 RSUs vest in four approximately equal remaining installments; 3,085 RSUs vest in approximately three equal installments; and 4,072 shares vest in two approximately equal installments. Each restricted stock unit represents the right to receive one share of common stock upon vesting.