Eric M. Sprink - 09 Jan 2023 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role: CEO, Director
Signature: /s/ Melisa Nelson, as Attorney-in-fact
Issuer symbol: CCB
Transactions as of: 09 Jan 2023
Transactions value $: -$359,910
Form type: 4
Filing time: 10 Jan 2023, 17:49:38 UTC
Previous filing: 06 Jan 2023
Next filing: 12 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CCB	Common Stock	Sale	-$134K	-3K	-1.08%	$44.62	274K	09 Jan 2023	Direct	F1, F2
transaction	CCB	Common Stock	Sale	-$226K	-5K	-1.82%	$45.21	269K	10 Jan 2023	Direct	F1, F2
holding	CCB	Common Stock						400	09 Jan 2023	By Custodian for Child 1
holding	CCB	Common Stock						400	09 Jan 2023	By Custodian for Child 3
holding	CCB	Common Stock						400	09 Jan 2023	By Custodian for Child 2

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

Explanation of Responses:

Id	Content
F1	The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F2	Includes 41,201 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 14,909 of the RSUs vest in eight approximately equal remaining installments; 12,064 of the RSUs vest in four approximately equal remaining installments; and 14,228 of the RSUs vest in approximately four equal 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.

Content

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.

Includes 41,201 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 14,909 of the RSUs vest in eight approximately equal remaining installments; 12,064 of the RSUs vest in four approximately equal remaining installments; and 14,228 of the RSUs vest in approximately four equal 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.