0001437958-23-000034.txt : 20230314
0001437958-23-000034.hdr.sgml : 20230314
20230314143700
ACCESSION NUMBER: 0001437958-23-000034
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230314
FILED AS OF DATE: 20230314
DATE AS OF CHANGE: 20230314
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: 23730342
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_167881900977571.xml
FORM 4
X0306
4
2023-03-14
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
2023-03-14
4
M
0
39794
6.25
A
320313
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
Stock Options
6.25
2023-03-14
4
M
0
39794
6.25
D
2015-11-13
2024-11-13
Common Stock
39794.0
0
D
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 three approximately equal remaining 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.
Stock options granted pursuant to the Coastal Financial Corp. 2006 Stock Option and Equity Compensation Plan vest in five approximately equal installments commencing on November 13, 2015.
/s/ Melisa Nelson, as Attorney-in-fact
2023-03-14