0001437958-24-000025.txt : 20240207
0001437958-24-000025.hdr.sgml : 20240207
20240207160451
ACCESSION NUMBER: 0001437958-24-000025
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240205
FILED AS OF DATE: 20240207
DATE AS OF CHANGE: 20240207
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Stines Andrew G
CENTRAL INDEX KEY: 0002006373
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38589
FILM NUMBER: 24604258
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]
ORGANIZATION NAME: 02 Finance
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
wk-form4_1707339878.xml
FORM 4
X0508
4
2024-02-05
0
0001437958
COASTAL FINANCIAL CORP
CCB
0002006373
Stines Andrew G
5415 EVERGREEN WAY
EVERETT
WA
98203
0
1
0
0
EVP, Chief Risk Officer
0
Common Stock
2024-02-05
4
A
0
2784
0
A
15232
D
Common Stock
2024-02-05
4
S
0
790
38
D
14442
D
Represents award of time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. The RSUs vest in four approximately equal installments commencing on February 5, 2025. Each restricted stock unit represents the right to receive one share of common stock upon vesting.
Represents shares sold to cover tax liability for vesting RSUs.
Includes 7,250 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan, 2,784 of which vest in four approximately equal annual installments; 1,861 of which vest in three approximately equal annual installments; and 2,605 of which vest in two approximately equal annual installments. Each restricted stock unit represents the right to receive one share of common stock upon vesting. Also includes 2,000 shares of restricted awards that vest in four approximately equal remaining annual installments.
/s/ Melisa Nelson, as Attorney-in-fact
2024-02-07