0001437749-22-001795.txt : 20220127
0001437749-22-001795.hdr.sgml : 20220127
20220127165156
ACCESSION NUMBER: 0001437749-22-001795
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220125
FILED AS OF DATE: 20220127
DATE AS OF CHANGE: 20220127
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: 22563831
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
2022-01-25
0001437958
COASTAL FINANCIAL CORP
CCB
0001299647
Sprink Eric M
C/O 5415 EVERGREEN WAY
EVERETT
WA
98203
1
1
President & CEO
Common Stock
2022-01-25
4
A
0
14228
0
A
168047
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 time-based restricted stock units issued pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. The RSUs vest in four approximately equal installments commencing on January 25, 2023. Each restricted stock unit represents the right to receive one share of common stock upon vesting.
Includes 43,065 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 16,773 of the RSUs vest in nine approximately equal remaining installments; 12,064 of the RSUs vest in four approximately equal remaining installments; and 14,228 of the RSUs vest in approximately four equal installments. 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
2022-01-27