0001437749-21-000654.txt : 20210113
0001437749-21-000654.hdr.sgml : 20210113
20210113162650
ACCESSION NUMBER: 0001437749-21-000654
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20201228
FILED AS OF DATE: 20210113
DATE AS OF CHANGE: 20210113
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Sprink Eric M
CENTRAL INDEX KEY: 0001299647
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38589
FILM NUMBER: 21526374
MAIL ADDRESS:
STREET 1: 9506 N NEWPORT HWY
CITY: SPOKANE
STATE: WA
ZIP: 99218
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: COASTAL FINANCIAL CORP
CENTRAL INDEX KEY: 0001437958
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
IRS NUMBER: 000000000
STATE OF INCORPORATION: WA
BUSINESS ADDRESS:
STREET 1: 2817 COLBY AVENUE
CITY: EVERETT
STATE: WA
ZIP: 98201
BUSINESS PHONE: 425-257-1652
MAIL ADDRESS:
STREET 1: 2817 COLBY AVENUE
CITY: EVERETT
STATE: WA
ZIP: 98201
4
1
rdgdoc.xml
FORM 4
X0306
4
2020-12-28
0001437958
COASTAL FINANCIAL CORP
CCB
0001299647
Sprink Eric M
C/O 5415 EVERGREEN WAY
EVERETT
WA
98203
1
1
President & CEO
Common Stock
2020-12-28
4
S
0
4691
21.61
D
0
I
By 401(k)
Common Stock
32762
D
Common Stock
400
I
By custodian for child 1
Common Stock
400
I
By custodian for child 2
Common Stock
400
I
By custodian for child 3
Relates to an inadvertent sale of common stock by the Administrator of the Coastal Community Bank 401(k) Plan, resulting from an administrative oversight.
This Form reflects increases/decreases in beneficial ownership resulting from unit accounting procedures currently in use by the Administrator of the Coastal Community Bank 401(k) Plan. The Coastal Community Bank Employee 401(k) Plan uses unit accounting and the number of shares that a participant is deemed to hold varies with the price of Coastal Financial Corporation.
Includes 18,636 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. The RSUs vest in ten approximately equal installments commencing on February 3, 2021. Each restricted stock unit represents the right to receive one share of common stock upon vesting.
/s/ Melisa Nelson, as Attorney-in-fact
2021-01-13