Culp Michael 4
4 · COASTAL FINANCIAL CORP · Filed Feb 7, 2025
Insider Transaction Report
Form 4
Culp Michael
Chief Revenue Officer
Transactions
- Award
Common Stock
2025-02-05+935→ 20,578 total - Tax Payment
Common Stock
2025-02-05$88.90/sh−170$15,113→ 20,408 total
Footnotes (3)
- [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, 2026. Each restricted stock unit represents the right to receive one share of common stock upon vesting.
- [F2]Represents shares withheld in payment of withholding taxes upon partial vesting of RSUs granted 02/05/2024.
- [F3]Includes 15,121 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corp. 2018 Omnibus Incentive Plan. 389 of the RSUs vest in approximately five equal remaining installments; 935 of the RSUs vest in approximately four equal remaining installments; 1,803 of the RSUs vest in approximately three equal remaining installments; 1,245 vest in two approximately equal remaining installments; and 749 vest in one approximately 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.