Form 4 for CCB COASTAL FINANCIAL CORP
Accepted 2024-09-23 00:00:00 ET · period of report 2024-09-19 · accession 0001437958-24-000123 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-09-23 | 2024-09-19 | CCB | Sprink Eric M | CEO, Dir | S - Sale+OE | $52.58 | -38.3K | 275.4K | -12% | -$2.01M |
| DM | 2024-09-23 | 2024-09-23 | CCB | Sprink Eric M | CEO, Dir | M - OptEx | $6.92 | +38.3K | 313.7K | +14% | +$264.7K |
| DM | 2024-09-23 | 2024-09-23 | CCB | Sprink Eric M | CEO, Dir | M - OptEx | $0.00 | -38.3K | 26.1K | -59% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-09-19 | S | D | 38,279 | $52.58 | 275,410 | D | — | — | (F2) The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person. (F1) Includes 50,253 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 11,182 of the RSUs vest in six approximately equal remaining installments; 13,376 of the RSUs vest in four approximately equal remaining installments; 12,549 of the RSUs vest in approximately three equal remaining installments; and 13,146 of the RSUs vest in approximately two equal remaining 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. |
| 2 | Common | Common Stock | 2024-09-23 | M | A | 20,483 | $6.50 | 295,893 | D | — | — | (F1) Includes 50,253 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 11,182 of the RSUs vest in six approximately equal remaining installments; 13,376 of the RSUs vest in four approximately equal remaining installments; 12,549 of the RSUs vest in approximately three equal remaining installments; and 13,146 of the RSUs vest in approximately two equal remaining 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. |
| 3 | Common | Common Stock | 2024-09-23 | M | A | 669 | $14.91 | 296,562 | D | — | — | (F1) Includes 50,253 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 11,182 of the RSUs vest in six approximately equal remaining installments; 13,376 of the RSUs vest in four approximately equal remaining installments; 12,549 of the RSUs vest in approximately three equal remaining installments; and 13,146 of the RSUs vest in approximately two equal remaining 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. |
| 4 | Common | Common Stock | 2024-09-23 | M | A | 17,127 | $7.10 | 313,689 | D | — | — | (F1) Includes 50,253 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 11,182 of the RSUs vest in six approximately equal remaining installments; 13,376 of the RSUs vest in four approximately equal remaining installments; 12,549 of the RSUs vest in approximately three equal remaining installments; and 13,146 of the RSUs vest in approximately two equal remaining 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. |
| 5 | Derivative | Stock Options | 2024-09-23 | M | D | 20,483 | $0.00 | 10,148 | D | $6.50 · 2018-01-26 to 2027-01-26 | 20,483 Common Stock | (F3) Stock options granted pursuant to the Coastal Financial Corp. 2006 Stock Option and Equity Compensation Plan vest in ten approximately equal installments commencing on January 26, 2018. |
| 6 | Derivative | Stock Options | 2024-09-23 | M | D | 17,127 | $0.00 | 11,419 | D | $7.10 · 2019-01-22 to 2028-01-22 | 17,127 Common Stock | (F4) Stock options granted pursuant to the Coastal Financial Corp. 2006 Stock Option and Equity Compensation Plan vest in ten approximately equal installments commencing on January 22, 2019. |
| 7 | Derivative | Stock Options | 2024-09-23 | M | D | 669 | $0.00 | 26,068 | D | $14.91 · 2020-01-22 to 2029-01-22 | 669 Common Stock | (F5) Stock options granted pursuant to the Coastal Financial Corp. 2018 Omnibus Incentive Plan vest in ten approximately equal installments commencing on January 22, 2020. |