Filing Details

Accession Number:
0001437749-22-021110
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-08-22 14:34:08
Reporting Period:
2022-08-03
Accepted Time:
2022-08-22 14:34:08
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1437958 Coastal Financial Corp CCB State Commercial Banks (6022) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1743785 A Russ Keithley C/O 5415 Evergreen Way
Everett WA 98203
Chief Banking Officer No 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 2022-08-03 3,647 $40.87 0 No 5 S Indirect by 401(k)
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 5 S Indirect by 401(k)
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 9,705 Direct
Footnotes
  1. Coastal Financial Corporation ("Coastal") previously eliminated the unitized stock fund related to shares of Coastal common stock as an investment alternative available under Coastal's 401(k) plan. Effective August 3, 2022, the 3,647 shares of Coastal common stock the reporting person previously reported as beneficially owned under the plan were liquidated.
  2. Includes 8,200 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 2,776 RSUs vest in eight approximately equal remaining installments; 3,247 RSUs vest in four approximately equal remaining installments; and 2,177 RSUs vest in four approximately equal installments. Each restricted stock unit represents the right to receive one share of common stock upon vesting.