Joel G. Edwards - 27 Jan 2025 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role: Chief Financial Officer
Signature: /s/ Melisa Nelson, as Attorney-in-fact
Issuer symbol: CCB
Transactions as of: 27 Jan 2025
Net transactions value: -$109,947
Form type: 4
Filing time: 29 Jan 2025, 14:17:13 UTC
Previous filing: 24 May 2024
Next filing: 04 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	Tax liability	$109,947	-1,303	-2.9%	$84.38	43,686	27 Jan 2025	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares withheld in payment of withholding taxes upon partial vesting of RSUs granted 1/25/2021, 1/25/2022 and 1/25/2023.
F2	Includes 11,053 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; 2,057 RSUs vest in approximately two equal remaining installments; and 2,037 shares vest in one approximately equal installments. Each restricted stock unit represents the right to receive one share of common stock upon vesting.

Content

Represents shares withheld in payment of withholding taxes upon partial vesting of RSUs granted 1/25/2021, 1/25/2022 and 1/25/2023.

Includes 11,053 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; 2,057 RSUs vest in approximately two equal remaining installments; and 2,037 shares vest in one approximately equal installments. Each restricted stock unit represents the right to receive one share of common stock upon vesting.