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

Role: Chief Financial Officer
Signature: /s/ Joel Edwards
Stock symbol: CCB
Transactions as of: May 23, 2024
Transactions value $: -$539,967
Form type: 4
Date filed: 5/24/2024, 05:24 PM
Previous filing: Mar 12, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CCB	Common Stock	Sale	-$46K	-1.03K	-1.8%	$44.45	56.4K	May 23, 2024	Direct
transaction	CCB	Common Stock	Sale	-$494K	-11.4K	-20.19%	$43.41	45K	May 24, 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.