Hamilton Brian T. - 30 Sep 2024 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role
President of CCBX, Director
Signature
/s/ Melisa Nelson, as Attorney-in-fact
Issuer symbol
CCB
Transactions as of
30 Sep 2024
Net transactions value
$0
Form type
4
Filing time
03 Oct 2024, 19:39:10 UTC
Previous filing
31 May 2024
Next filing
07 Feb 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 Award $0 +25,000 +1229% $0.000000 27,034 30 Sep 2024 Direct F1, F2
transaction CCB Common Stock Award $0 +60,000 +222% $0.000000 87,034 30 Sep 2024 Direct F2, F3
transaction CCB Common Stock Award $0 +15,000 +17% $0.000000 102,034 30 Sep 2024 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 25,000 restricted stock units pursuant to the 2018 Coastal Financial Corporation Omnibus Incentive Plan which vest over a 43-month period, with 16.28% vesting on April 30, 2025 and 2.3256% vesting each month thereafter.
F2 Includes restricted stock granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan which vests as follows: 2,034 shares of common stock vest one day prior to the issuer's 2025 Annual Shareholder Meeting.
F3 Represents 60,000 performance-based restricted stock units pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. Up to 60,000 of the performance-based restricted stock units are eligible to vest on the first day of each month beginning October 1, 2024 until April 30, 2028, the quantity of which is subject to continuous employment and achievement of certain stock price conditions.
F4 Represents 15,000 performance-based restricted stock units pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 15,000 shares of performance-based restricted stock units are eligible to vest on April 30, 2028, subject to subject to continuous employment and achievement of return on equity that is at least 80% of company comparator peer group.