Eric M. Sprink - 27 May 2025 Form 4 Insider Report for COASTAL FINANCIAL CORP (CCB)

Role
CEO, Director
Signature
/s/ Joel Edwards, as Attorney-in-fact
Issuer symbol
CCB
Transactions as of
27 May 2025
Transactions value $
-$118,920
Form type
4
Filing time
29 May 2025, 13:18:31 UTC
Previous filing
07 Feb 2025
Next filing
17 Sep 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Sprink Eric M CEO, Director C/O 5415 EVERGREEN WAY, EVERETT /s/ Joel Edwards, as Attorney-in-fact 28 May 2025 0001299647

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CCB Common Stock Will/Inheritance $0 +885 $0.00 885 27 May 2025 By spouse
transaction CCB Common Stock Options Exercise $11.8K +1.88K +0.79% $6.25 241K 28 May 2025 Direct
transaction CCB Common Stock Options Exercise $13.5K +1.88K +0.78% $7.20 243K 28 May 2025 Direct
transaction CCB Common Stock Tax liability -$144K -1.65K -0.68% $87.19 241K 28 May 2025 Direct F1, F2
holding CCB Common Stock 400 27 May 2025 By Custodian for Child 1
holding CCB Common Stock 400 27 May 2025 By Custodian for Child 2
holding CCB Common Stock 400 27 May 2025 By Custodian for Child 3

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 -1.88K -49.99% $0.00 1.88K 28 May 2025 Common Stock 1.88K $6.25 Direct F3
transaction CCB Stock Options Options Exercise $0 -1.88K -100% $0.00 0 28 May 2025 Common Stock 1.88K $7.20 Direct F4
* 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 and exercise cost for NQSO included in this filing.
F2 Includes 38,508 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 9,318 of the RSUs vest in five approximately equal remaining installments; 4,219 of the RSUs vest in four approximately equal remaining installments; 10,032 of the RSUs vest in three approximately equal remaining installments; 8,366 of the RSUs vest in approximately two remaining equal installments; 6,573 of the RSUs vest in approximately one remaining equal installment. Also includes 100,000 shares of performance-based restricted stock units that vest on October 4, 2027, 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.
F3 Stock options granted pursuant to the Coastal Financial Corp. 2006 Stock Option and Equity Compensation Plan vest in ten approximately equal installments commencing on February 24, 2017.
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 July 1, 2016.