Curt Queyrouze - 27 Jan 2025 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role: President - Community Bank Div
Signature: /s/ Melisa Nelson, as Attorney-in-fact
Issuer symbol: CCB
Transactions as of: 27 Jan 2025
Transactions value $: -$36,958
Form type: 4
Filing time: 29 Jan 2025, 14:09:44 UTC
Previous filing: 07 Feb 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	Tax liability	-$37K	-438	-0.6%	$84.38	72.1K	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 1/25/2023.
F2	Includes 12,122 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan, 7,068 of which vest in four approximately equal remaining annual installments; 2,720 of which vest in two approximately equal installments; 2,334 of which vest in one approximately even remaining installment. Also includes 53,000 shares of performance-based restricted stock units that vest on June 1, 2028, 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

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

Includes 12,122 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan, 7,068 of which vest in four approximately equal remaining annual installments; 2,720 of which vest in two approximately equal installments; 2,334 of which vest in one approximately even remaining installment. Also includes 53,000 shares of performance-based restricted stock units that vest on June 1, 2028, 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.