0001437958-23-000028.txt : 20230228
0001437958-23-000028.hdr.sgml : 20230228
20230228201731
ACCESSION NUMBER: 0001437958-23-000028
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230227
FILED AS OF DATE: 20230228
DATE AS OF CHANGE: 20230228
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: 23689007
MAIL ADDRESS:
STREET 1: 5415 EVERGREEN WAY
CITY: EVERETT
STATE: WA
ZIP: 98203
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: 5415 EVERGREEN WAY
CITY: EVERETT
STATE: WA
ZIP: 98203
BUSINESS PHONE: 425-257-1652
MAIL ADDRESS:
STREET 1: 5415 EVERGREEN WAY
CITY: EVERETT
STATE: WA
ZIP: 98203
4
1
wf-form4_167763342257286.xml
FORM 4
X0306
4
2023-02-27
0
0001437958
COASTAL FINANCIAL CORP
CCB
0001299647
Sprink Eric M
C/O 5415 EVERGREEN WAY
EVERETT
WA
98203
1
1
0
0
CEO
Common Stock
2023-02-27
4
S
0
5000
45.24
D
280519
D
Common Stock
400
I
By Custodian for Child 1
Common Stock
400
I
By Custodian for Child 3
Common Stock
400
I
By Custodian for Child 2
The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
Includes 49,496 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 13,046 of the RSUs vest in seven approximately equal remaining installments; 9,048 of the RSUs vest in three approximately equal remaining installments, 10,671 of the RSUs vest in approximately three equal installments; and 16,731 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
2023-02-28