0001437958-24-000035.txt : 20240207 0001437958-24-000035.hdr.sgml : 20240207 20240207161300 ACCESSION NUMBER: 0001437958-24-000035 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: Herger Tarah M CENTRAL INDEX KEY: 0002005906 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38589 FILM NUMBER: 24604421 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_1707340361.xml FORM 4 X0508 4 2024-02-05 0 0001437958 COASTAL FINANCIAL CORP CCB 0002005906 Herger Tarah M 5415 EVERGREEN WAY EVERETT WA 98203 0 1 0 0 EVP, Division Manager 0 Common Stock 2024-02-05 4 A 0 1630 0 A 15154 D Common Stock 2024-02-05 4 S 0 229 38 D 14925 D Common Stock 2024-02-06 4 S 0 17 38.08 D 14908 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 the tax liability on vesting RSUs. 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. /s/ Melisa Nelson, as Attorney-in-fact 2024-02-07