Filing Details

Accession Number:
0001437958-24-000035
Form Type:
4
Zero Holdings:
No
Publication Time:
2024-02-07 16:13:00
Reporting Period:
2024-02-05
Accepted Time:
2024-02-07 16:13:00
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
2005906 M Tarah Herger 5415 Evergreen Way
Everett WA 98203
Evp, Division Manager 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 1,630 $0.00 15,154 No 4 A Direct
Common Stock Disposition 2024-02-05 229 $38.00 14,925 No 4 S Direct
Common Stock Disposition 2024-02-06 17 $38.08 14,908 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 S 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 the tax liability on vesting RSUs.
  3. Includes 13,738 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 311 RSUs vest in six approximately equal remaining annual installments; 630 vest in two approximately equal remaining installments; 1,167 RSUs vest in approximately three equal remaining annual installments; 1,630 RSUs vest in four approximately equal remaining annual installments; 5,000 shares vest on July 26, 2027; 5,000 shares vest on January 26, 2030. Each restricted stock unit represents the right to receive one share of common stock upon vesting.