Eric M. Sprink - Sep 11, 2024 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role
CEO, Director
Signature
/s/ Melisa Nelson, as Attorney-in-fact
Stock symbol
CCB
Transactions as of
Sep 11, 2024
Transactions value $
-$570,720
Form type
4
Date filed
9/13/2024, 04:22 PM
Previous filing
Feb 7, 2024
Next filing
Sep 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCB Common Stock Sale -$559K -11.4K -3.63% $49.04 302K Sep 11, 2024 Direct F1, F2
transaction CCB Common Stock Sale -$110K -2.23K -0.74% $49.20 300K Sep 12, 2024 Direct F1, F2
transaction CCB Common Stock Options Exercise $98.2K +13.6K +4.54% $7.20 314K Sep 13, 2024 Direct F1
holding CCB Common Stock 400 Sep 11, 2024 By Custodian for Child 1
holding CCB Common Stock 400 Sep 11, 2024 By Custodian for Child 2
holding CCB Common Stock 400 Sep 11, 2024 By Custodian for Child 3

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 -13.6K -72.53% $0.00 5.16K Sep 13, 2024 Common Stock 13.6K $7.20 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 50,253 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 11,182 of the RSUs vest in six approximately equal remaining installments; 13,376 of the RSUs vest in four approximately equal remaining installments; 12,549 of the RSUs vest in approximately three equal remaining installments; and 13,146 of the RSUs vest in approximately two equal remaining installments. Also includes 100,000 shares of performance-based restricted stock units that vest on October 4, 2027, the quantity of which is dependent upon achievement of specified performance goals. Each restricted stock unit represents the right to receive one share of common stock upon vesting.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F3 Stock options granted pursuant to the Coastal Financial Corp. 2006 Stock Option and Equity Compensation Plan vest in ten approximately equal installments commencing on July 1, 2016.