COASTAL FINANCIAL CORP — Director's Dealing 2021

Mar 19, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COASTAL FINANCIAL CORP (CCB)
CIK: 0001437958
Period of Report: 2021-03-18

Reporting Person: EDWARDS JOEL G (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-18	Common Stock	M	400	$5.50	Acquired	32618	Direct
2021-03-18	Common Stock	M	3000	$7.20	Acquired	35618	Direct
2021-03-18	Common Stock	M	600	$6.25	Acquired	36218	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-18	Stock Options	$6.25	M	600	Disposed	2026-02-24	Common Stock (600)	Direct
2021-03-18	Stock Options	$5.50	M	400	Disposed	2024-03-18	Common Stock (400)	Direct
2021-03-18	Stock Options	$7.20	M	3000	Disposed	2025-07-01	Common Stock (3000)	Direct

Footnotes

F1: Includes 10,210 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 4,481 RSUs vest in ten approximately equal installments commencing on February 3, 2021, 4,033 remain unvested; and 6,177 RSUs vest in five approximately equal installments commencing on January 25, 2022, 6,177 remain unvested. Each restricted stock unit represents the right to receive one share of common stock upon vesting.

F2: Stock options granted pursuant to the Coastal Financial Corp. 2006 Stock Option and Equity Compensation Plan vest in ten approximately equal installments commencing on February 24, 2017.

F3: Stock options granted pursuant to the Coastal Financial Corp. 2006 Stock Option and Equity Compensation Plan vest in ten approximately equal installments commencing on March 18, 2015.

F4: Stock options granted pursuant to the Coastal Financial Corp. 2006 Stock Option and Equity Compensation Plan vest in ten approximately equal installments commencing on July 1, 2016.