Michael Culp - Jan 27, 2025 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role: Chief Revenue Officer
Signature: /s/ Melisa Nelson, as Attorney-in-fact
Stock symbol: CCB
Transactions as of: Jan 27, 2025
Transactions value $: -$36,537
Form type: 4
Date filed: 1/29/2025, 02:13 PM
Previous filing: Feb 29, 2024
Next filing: Feb 4, 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	-$36.5K	-433	-2.15%	$84.38	19.7K	Jan 27, 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 14,865 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corp. 2018 Omnibus Incentive Plan. 467 of the RSUs vest in approximately six equal remaining installments; 2,404 of the RSUs vest in approximately four equal remaining installments; 1,245 vest in two approximately equal remaining installments; and 749 vest in one approximately equal remaining installments, 5,000 shares vest 7/26/27; and 5,000 shares vest on 1/26/30. 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 14,865 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corp. 2018 Omnibus Incentive Plan. 467 of the RSUs vest in approximately six equal remaining installments; 2,404 of the RSUs vest in approximately four equal remaining installments; 1,245 vest in two approximately equal remaining installments; and 749 vest in one approximately equal remaining installments, 5,000 shares vest 7/26/27; and 5,000 shares vest on 1/26/30. Each restricted stock unit represents the right to receive one share of common stock upon vesting.