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