Filing Details

Accession Number:
0001437749-21-000654
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-01-13 16:26:50
Reporting Period:
2020-12-28
Accepted Time:
2021-01-13 16:26:50
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1437958 Coastal Financial Corp CCB () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1299647 M Eric Sprink C/O 5415 Evergreen Way
Everett WA 98203
President & Ceo Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2020-12-28 4,691 $21.61 0 No 4 S Indirect By 401(k)
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect By 401(k)
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 32,762 Direct
Common Stock 400 Indirect By custodian for child 1
Common Stock 400 Indirect By custodian for child 2
Common Stock 400 Indirect By custodian for child 3
Footnotes
  1. Relates to an inadvertent sale of common stock by the Administrator of the Coastal Community Bank 401(k) Plan, resulting from an administrative oversight.
  2. This Form reflects increases/decreases in beneficial ownership resulting from unit accounting procedures currently in use by the Administrator of the Coastal Community Bank 401(k) Plan. The Coastal Community Bank Employee 401(k) Plan uses unit accounting and the number of shares that a participant is deemed to hold varies with the price of Coastal Financial Corporation.
  3. Includes 18,636 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. The RSUs vest in ten approximately equal installments commencing on February 3, 2021. Each restricted stock unit represents the right to receive one share of common stock upon vesting.