0001437958-23-000002.txt : 20230104 0001437958-23-000002.hdr.sgml : 20230104 20230104171154 ACCESSION NUMBER: 0001437958-23-000002 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230103 FILED AS OF DATE: 20230104 DATE AS OF CHANGE: 20230104 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: 23507823 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_167287027195584.xml FORM 4 X0306 4 2023-01-03 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 2023-01-03 4 S 0 1000 46.49 D 286217 D Common Stock 2023-01-04 4 S 0 1000 45.64 D 285217 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 41,201 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 14,909 of the RSUs vest in eight approximately equal remaining installments; 12,064 of the RSUs vest in four approximately equal remaining installments; and 14,228 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 2023-01-04