Filing Details

Accession Number:
0001437958-23-000028
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-02-28 20:17:31
Reporting Period:
2023-02-27
Accepted Time:
2023-02-28 20:17:31
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
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 2023-02-27 5,000 $45.24 280,519 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 400 Indirect By Custodian for Child 1
Common Stock 400 Indirect By Custodian for Child 3
Common Stock 400 Indirect By Custodian for Child 2
Footnotes
  1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
  2. Includes 49,496 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 13,046 of the RSUs vest in seven approximately equal remaining installments; 9,048 of the RSUs vest in three approximately equal remaining installments, 10,671 of the RSUs vest in approximately three equal installments; and 16,731 of the RSUs vest in approximately four equal installments. 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.