0001437749-21-023397.txt : 20211006 0001437749-21-023397.hdr.sgml : 20211006 20211006211919 ACCESSION NUMBER: 0001437749-21-023397 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20211004 FILED AS OF DATE: 20211006 DATE AS OF CHANGE: 20211006 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: 211310909 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 2021-10-04 0001437958 COASTAL FINANCIAL CORP CCB 0001299647 Sprink Eric M C/O 5415 EVERGREEN WAY EVERETT WA 98203 1 1 President & CEO Common Stock 2021-10-04 4 A 0 100000 0 A 153819 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 Represents 100,000 performance-based restricted stock units pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. A maximum of 100,000 shares vest on October 4, 2027 the quantity of which is dependent upon achievement of specified performance goals. Includes 33,715 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 18,636 of the RSUs vest in ten approximately equal installments commencing on February 3, 2021 and 15,079 of the RSUs vest in five approximately equal installments commencing on January 25, 2022. Also includes 100,000 shares of performance-based restricted stock units that vest on October 4, 2027, the quantity of which is dependent upon achievement of specified performance goals. Each restricted stock unit represents the right to receive one share of common stock upon vesting. /s/ Melisa Nelson, as Attorney-in-fact 2021-10-06