COASTAL FINANCIAL CORP — Director's Dealing 2021

Feb 12, 2021

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: COASTAL FINANCIAL CORP (CCB)
CIK: 0001437958
Period of Report: 2020-12-31

Reporting Person: Skotdal Andrew P (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-08	Common Stock	J	200000	—	Acquired	204727	Direct
2020-12-08	Common Stock	G	201200	—	Disposed	3527	Direct
2020-12-08	Common Stock	G	100600	—	Acquired	120200	Indirect
2020-12-08	Common Stock	G	100600	—	Acquired	120200	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	37888	Indirect
Common Stock	1600	Indirect

Footnotes

F1: Transfer from Business Entity, LLC to Individual Business Owners. In prior reports, the reporting person reported indirect beneficial ownership of 400,000 shares of CCB common stock held by Business entity, LLC.

F2: Includes restricted stock granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan, which vest as follows: 674 shares of common stock vest one day prior to the issuers 2021 Annual Shareholders' Meeting, 281 shares vest on February 3, 2022.

F3: This transaction involved a gift of securities by the reporting person to his child's trust, who shares reporting person's household. The reporting person disclaims beneficial ownership of the shares held by child's trust, and this report should not be deemed an admission that the reporting person is the beneficial owner of such trust's shares for purposes of Section 16 or for any other purpose.