Form 4 for CCB COASTAL FINANCIAL CORP

Accepted 2024-02-07 00:00:00 ET · period of report 2024-02-05 · accession 0001437958-24-000035 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
M	2024-02-07	2024-02-05+	CCB	Herger Tarah M	EVP, Division Manager	S - Sale	$38.01	-246	14.9K	-2%	-$9,349
	2024-02-07	2024-02-05	CCB	Herger Tarah M	EVP, Division Manager	A - Grant	$0.00	+1,630	15.2K	+12%	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2024-02-06	S	D	17	$38.08	14,908	D	—	—	(F2) Represents shares sold to cover the tax liability on vesting RSUs. (F3) Includes 13,738 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 311 RSUs vest in six approximately equal remaining annual installments; 630 vest in two approximately equal remaining installments; 1,167 RSUs vest in approximately three equal remaining annual installments; 1,630 RSUs vest in four approximately equal remaining annual installments; 5,000 shares vest on July 26, 2027; 5,000 shares vest on January 26, 2030. Each restricted stock unit represents the right to receive one share of common stock upon vesting.
2	Common	Common Stock	2024-02-05	A	A	1,630	$0.00	15,154	D	—	—	(F1) 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.
3	Common	Common Stock	2024-02-05	S	D	229	$38.00	14,925	D	—	—	(F2) Represents shares sold to cover the tax liability on vesting RSUs.