Culp Michael 4
4 · COASTAL FINANCIAL CORP · Filed Feb 29, 2024
Insider Transaction Report
Form 4
Culp Michael
Chief Revenue Officer
Transactions
- Exercise/Conversion
Stock Options
2024-02-27$5.50/sh−1,000$5,500→ 0 totalExercise: $5.50From: 2015-03-18Exp: 2024-03-18→ Common Stock (1,000 underlying) - Exercise/Conversion
Common Stock
2024-02-27$5.50/sh+1,000$5,500→ 20,100 total
Footnotes (2)
- [F1]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 shares vest in approximately two equal remaining 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.
- [F2]Stock options granted pursuant to the Coastal Financial Corp. 2006 Stock Option and Equity Compensation Plan vest in ten approximately equal installments commencing on March 18, 2015.