Culp Michael 4
4 · COASTAL FINANCIAL CORP · Filed Feb 7, 2024
Insider Transaction Report
Form 4
Culp Michael
Chief Revenue Officer
Transactions
- Award
Common Stock
2024-02-05+2,404→ 19,100 total
Footnotes (2)
- [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.
- [F2]Includes 16,235 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 467 RSUs vest in six approximately equal remaining annual installments; 1,868 RSUs vest in three approximately equal remaining annual installments; 2,404 RSUs vest in approximately four equal annual installments; 1,496 vest in two approximately equal remaining annual installments; 5,000 shares vest 7/26/27; and 5,000 shares vest on 1/26/30. Each restricted stock unit represents the right to receive one share of common stock upon vesting.