Eric M. Sprink - Feb 5, 2025 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role
CEO, Director
Signature
/s/ Melisa Nelson, as Attorney-in-fact
Stock symbol
CCB
Transactions as of
Feb 5, 2025
Transactions value $
-$396,242
Form type
4
Date filed
2/7/2025, 05:29 PM
Previous filing
Feb 4, 2025
Next filing
May 29, 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 Options Exercise $22K +3.38K +1.46% $6.50 235K Feb 5, 2025 Direct
transaction CCB Common Stock Options Exercise $20.3K +2.86K +1.22% $7.10 238K Feb 5, 2025 Direct
transaction CCB Common Stock Options Exercise $39.9K +2.67K +1.13% $14.91 240K Feb 5, 2025 Direct
transaction CCB Common Stock Tax liability -$117K -1.32K -0.55% $88.90 239K Feb 5, 2025 Direct F1
transaction CCB Common Stock Tax liability -$361K -4.07K -1.7% $88.90 235K Feb 5, 2025 Direct F2
transaction CCB Common Stock Award $0 +4.22K +1.8% $0.00 239K Feb 5, 2025 Direct F3, F4
holding CCB Common Stock 400 Feb 5, 2025 By Custodian for Child 1
holding CCB Common Stock 400 Feb 5, 2025 By Custodian for Child 2
holding CCB Common Stock 400 Feb 5, 2025 By Custodian for Child 3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CCB Stock Options Options Exercise $0 -3.38K -33.34% $0.00 6.77K Feb 5, 2025 Common Stock 3.38K $6.50 Direct F5
transaction CCB Stock Options Options Exercise $0 -2.86K -25% $0.00 8.56K Feb 5, 2025 Common Stock 2.86K $7.10 Direct F6
transaction CCB Stock Options Options Exercise $0 -2.67K -20% $0.00 10.7K Feb 5, 2025 Common Stock 2.67K $14.91 Direct F7
* 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 02/05/2024.
F2 Represents shares withheld in payment of withholding taxes upon exercise of NQSO included in this filing.
F3 Represents award of time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. The RSUs vest in four approximately equal installments commencing on February 5, 2026. Each restricted stock unit represents the right to receive one share of common stock upon vesting.
F4 Includes 38,508 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 9,318 of the RSUs vest in five approximately equal remaining installments; 4,219 of the RSUs vest in four approximately equal remaining installments; 10,032 of the RSUs vest in three approximately equal remaining installments; 8,366 of the RSUs vest in approximately two remaining equal installments; 6,573 of the RSUs vest in approximately one remaining equal installment. 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.
F5 Stock options granted pursuant to the Coastal Financial Corp. 2006 Stock Option and Equity Compensation Plan vest in ten approximately equal installments commencing on January 26, 2018.
F6 Stock options granted pursuant to the Coastal Financial Corp. 2006 Stock Option and Equity Compensation Plan vest in ten approximately equal installments commencing on January 22, 2019.
F7 Stock options granted pursuant to the Coastal Financial Corp. 2018 Omnibus Incentive Plan vest in ten approximately equal installments commencing on January 22, 2020.