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