Joel G. Edwards - 18 Jun 2025 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Reporting relationship: Chief Financial Officer
Issuer ticker: CCB
Reported as of: 18 Jun 2025
Net transaction value: +$12,960
SEC form: 4
Accepted by SEC: 23 Jun 2025, 15:01:05 UTC
Prior SEC filing: 20 May 2025
Next SEC filing: 12 Sep 2025
Source filing: View source filing
Reporting owner signature: /s/ Joel Edwards

Key filing fact

Joel G. Edwards filed Form 4 for COASTAL FINANCIAL CORP (CCB) on 23 Jun 2025.

Key facts

This page summarizes Joel G. Edwards's Form 4 filing for COASTAL FINANCIAL CORP (CCB).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 23 Jun 2025, 15:01.

Change

Previous filing in this sequence was filed on 20 May 2025.
Current net transaction value: +$12,960.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001260912 Primary reporting owner

EDWARDS JOEL G

Relationship: Chief Financial Officer
Address: C/O 5415 EVERGREEN WAY, EVERETT
Signature: /s/ Joel Edwards
Signature date: 23 Jun 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CCB transaction

Common Stock

Options Exercise

Transaction value: $12,960
Shares: +1,800
Change %: +4.3%
Price: $7.20
Shares after: 43,187
Date: 18 Jun 2025
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CCB transaction Derivative

Stock Options

Options Exercise

Transaction value: $0
Shares: -1,800
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 18 Jun 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,800
Exercise price: $7.20
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

Includes 10,962 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. In accordance with Mr. Edward's retirement and retention agreement the RSUs vest as follows: 2,241 RSUs vest on June 30, 2025; 3,065 RSUs vest on January 25, 2026; 1,424 RSUs vest on February 5, 2026; and 4,232 RSUs vest on April 1, 2026. Each restricted stock unit represents the right to receive one share of common stock upon vesting.

Footnote F2

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.