Filing Details

Accession Number:
0001437958-22-000042
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-11-22 20:17:49
Reporting Period:
2022-11-21
Accepted Time:
2022-11-22 20:17:49
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 Acquisiton 2022-11-21 65,555 $5.50 233,602 No 4 M Direct
Common Stock Disposition 2022-11-21 4,516 $47.75 229,086 No 4 S Direct
Common Stock Disposition 2022-11-21 3,194 $47.93 225,892 No 4 S Direct
Common Stock Acquisiton 2022-11-22 27,951 $5.50 253,843 No 4 M Direct
Common Stock Disposition 2022-11-22 3,143 $48.94 250,700 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 S Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Options Disposition 2022-11-21 65,555 $5.50 65,555 $5.50
Common Stock Stock Options Disposition 2022-11-22 27,951 $5.50 27,951 $5.50
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
124,446 2014-04-09 2023-04-09 No 4 M Direct
96,495 2014-04-09 2023-04-09 No 4 M 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. Includes 41,201 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 14,909 of the RSUs vest in eight approximately equal remaining installments; 12,064 of the RSUs vest in four approximately equal remaining installments; and 14,228 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.
  2. Stock options granted pursuant to the Coastal Financial Corp. 2006 Stock Option and Equity Compensation Plan vest in nine approximately equal installments commencing on April 9, 2014.