Filing Details

Accession Number:
0001437958-24-000025
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-02-07 16:04:51
Reporting Period:
2024-02-05
Accepted Time:
2024-02-07 16:04:51
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
2006373 G Andrew Stines 5415 Evergreen Way
Everett WA 98203
Evp, Chief Risk 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 Acquisiton 2024-02-05 2,784 $0.00 15,232 No 4 A Direct
Common Stock Disposition 2024-02-05 790 $38.00 14,442 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 S Direct
Footnotes
  1. 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, 2025. Each restricted stock unit represents the right to receive one share of common stock upon vesting.
  2. Represents shares sold to cover tax liability for vesting RSUs.
  3. Includes 7,250 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan, 2,784 of which vest in four approximately equal annual installments; 1,861 of which vest in three approximately equal annual installments; and 2,605 of which vest in two approximately equal annual installments. Each restricted stock unit represents the right to receive one share of common stock upon vesting. Also includes 2,000 shares of restricted awards that vest in four approximately equal remaining annual installments.