Curt Queyrouze - Feb 5, 2025 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role
President - Community Bank Div
Signature
/s/ Melisa Nelson, as Attorney-in-fact
Stock symbol
CCB
Transactions as of
Feb 5, 2025
Transactions value $
-$43,383
Form type
4
Date filed
2/7/2025, 05:37 PM
Previous filing
Jan 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 Award $0 +2.48K +3.44% $0.00 74.5K Feb 5, 2025 Direct F1
transaction CCB Common Stock Tax liability -$43.4K -488 -0.65% $88.90 74.1K 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 12,831 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan 2,476 of which vest in four approximately equal remaining annual installments; 5,301 of which vest in three 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.