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

Role
EVP, Division Manager
Signature
/s/ Melisa Nelson, as Attorney-in-fact
Stock symbol
CCB
Transactions as of
Feb 5, 2025
Transactions value $
-$10,668
Form type
4
Date filed
2/7/2025, 05:35 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 Tax liability -$10.7K -120 -0.82% $88.90 14.6K Feb 6, 2025 Direct F1
transaction CCB Common Stock Award $0 +892 +6.12% $0.00 15.5K 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 shares withheld in payment of withholding taxes upon partial vesting of RSUs granted 02/05/2024.
F2 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.
F3 Includes 13,468 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan.259 RSUs vest in five approximately equal remaining annual installments; 1,223 RSUs vest in three approximately equal remaining annual installments; 892 RSUs vest in approximately four equal remaining annual installments; 778 RSUs vest in approximately two equal remaining annual installments;316 RSUs vest in approximately one equal remaining annual installments; 5,000 shares vest on July 26, 2027; 5,000 shares vest on January 26, 2030. Each restricted stock unit represents the right to receive one share of common stock upon vesting.