Brian T. Hamilton - Feb 6, 2025 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role: President of CCBX, Director
Signature: /s/ Melisa Nelson, as Attorney-in-fact
Stock symbol: CCB
Transactions as of: Feb 6, 2025
Transactions value $: $0
Form type: 4
Date filed: 2/7/2025, 05:44 PM
Previous filing: Oct 3, 2024
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	+669	+0.66%	$0.00	103K	Feb 6, 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 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	Includes the following pursuant to the 2018 Coastal Financial Corporation Omnibus Incentive Plan: (1) 25,000 restricted stock units (RSUs) which vest over a 43-month period, with 16.28% vesting on April 30, 2025 and 2.3256% vesting each month thereafter (2) Includes 2,034 shares of RSUs which vests one day prior to the issuer's 2025 Annual Shareholder Meeting (3) Includes 60,000 performance-based RSUs which are eligible to vest on the first day of each month beginning October 1, 2024 until April 30, 2028, the quantity of which is subject to continuous employment and achievement of certain stock price conditions.(4) 15,000 performance-based RSUs - eligible to vest on April 30, 2028, subject to subject to continuous employment and achievement of return on equity that is at least 80% of company comparator peer group. (5) 669 RSUs that vest in four approximately even remaining installments. Each RSU represents the right to receive one share of common stock upon vesting.

Content

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.

Includes the following pursuant to the 2018 Coastal Financial Corporation Omnibus Incentive Plan: (1) 25,000 restricted stock units (RSUs) which vest over a 43-month period, with 16.28% vesting on April 30, 2025 and 2.3256% vesting each month thereafter (2) Includes 2,034 shares of RSUs which vests one day prior to the issuer's 2025 Annual Shareholder Meeting (3) Includes 60,000 performance-based RSUs which are eligible to vest on the first day of each month beginning October 1, 2024 until April 30, 2028, the quantity of which is subject to continuous employment and achievement of certain stock price conditions.(4) 15,000 performance-based RSUs - eligible to vest on April 30, 2028, subject to subject to continuous employment and achievement of return on equity that is at least 80% of company comparator peer group. (5) 669 RSUs that vest in four approximately even remaining installments. Each RSU represents the right to receive one share of common stock upon vesting.