Jonathan E. Sand - Feb 5, 2025 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role: EVP, Chief Credit Officer
Signature: /s/ Melisa Nelson, as Attorney-in-fact
Stock symbol: CCB
Transactions as of: Feb 5, 2025
Transactions value $: $22,052
Form type: 4
Date filed: 2/7/2025, 05:45 PM
Previous filing: Nov 12, 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	+892	+4.55%	$0.00	20.5K	Feb 5, 2025	Direct	F1
transaction	CCB	Common Stock	Options Exercise	$17.9K	+1.2K	+5.85%	$14.91	21.7K	Feb 6, 2025	Direct
transaction	CCB	Common Stock	Options Exercise	$1.42K	+200	+0.92%	$7.10	21.9K	Feb 6, 2025	Direct
transaction	CCB	Common Stock	Options Exercise	$1.3K	+200	+0.91%	$6.50	22.1K	Feb 6, 2025	Direct
transaction	CCB	Common Stock	Options Exercise	$1.44K	+200	+0.9%	$7.20	22.3K	Feb 6, 2025	Direct	F2

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	-1.2K	-60%	$0.00	800	Feb 6, 2025	Common Stock	1.2K	$14.91	Direct	F3
transaction	CCB	Stock Options	Options Exercise	$0	-200	-25%	$0.00	600	Feb 6, 2025	Common Stock	200	$7.10	Direct	F4
transaction	CCB	Stock Options	Options Exercise	$0	-200	-33.33%	$0.00	400	Feb 6, 2025	Common Stock	200	$6.50	Direct	F5
transaction	CCB	Stock Options	Options Exercise	$0	-200	-50%	$0.00	200	Feb 6, 2025	Common Stock	200	$7.20	Direct	F6

* 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 6,059 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 518 RSUs vest in five approximately equal remaining annual installments; 892 RSUs vest in four approximately equal remaining annual installments;2,852 RSUs vest in approximately three equal remaining annual installments; and 1,797 shares vest in approximately two equal remaining installments . Each restricted stock unit represents the right to receive one share of common stock upon vesting.
F3	Stock options granted pursuant to the 2018 Coastal Financial Corporation Omnibus Incentive Plan vest in ten approximately equal installments commencing on July 1, 2016.
F4	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.
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 July 1, 2016.