Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | CCB | Common Stock | Sale | -$222K | -3.71K | -1.33% | $60.01 | 276K | Oct 23, 2024 | Direct | F1, F2 |
transaction | CCB | Common Stock | Sale | -$26.9K | -446 | -0.16% | $60.35 | 275K | Oct 24, 2024 | Direct | F1, F2 |
transaction | CCB | Common Stock | Sale | -$9.58K | -159 | -0.06% | $60.25 | 275K | Oct 25, 2024 | Direct | F1, F2 |
holding | CCB | Common Stock | 400 | Oct 23, 2024 | By Custodian for Child 1 | ||||||
holding | CCB | Common Stock | 400 | Oct 23, 2024 | By Custodian for Child 2 | ||||||
holding | CCB | Common Stock | 400 | Oct 23, 2024 | By Custodian for Child 3 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
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. |