Michael Culp - Feb 5, 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
Feb 5, 2025
Transactions value $
-$15,113
Form type
4
Date filed
2/7/2025, 05:33 PM
Previous 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 Award $0 +935 +4.76% $0.00 20.6K Feb 5, 2025 Direct F1
transaction CCB Common Stock Tax liability -$15.1K -170 -0.83% $88.90 20.4K Feb 5, 2025 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Represents shares withheld in payment of withholding taxes upon partial vesting of RSUs granted 02/05/2024.
F3 Includes 15,121 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corp. 2018 Omnibus Incentive Plan. 389 of the RSUs vest in approximately five equal remaining installments; 935 of the RSUs vest in approximately four equal remaining installments; 1,803 of the RSUs vest in approximately three 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.