Coastal Financial (CCB) Form 4 COASTAL FINANCIAL / JOHN J DICKSON ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

DICKSON JOHN J

(Last) (First) (Middle)

C/O 5415 EVERGREEN WAY

(Street)

EVERETT WA 98203

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
COASTAL FINANCIAL CORP [ CCB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2023

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/02/2023		M		400	A	$7.2	31,299(1)	D
Common Stock	03/02/2023		M		400	A	$6.25	31,699(1)	D
Common Stock	03/02/2023		M		400	A	$6.5	32,099(1)	D
Common Stock	03/02/2023		M		400	A	$7.1	32,499(1)	D
Common Stock	03/02/2023		M		650	A	$14.91	33,149(1)	D
Common Stock	03/02/2023		G		1,500	D	$45.3	31,649(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options	$7.2	03/02/2023		M			400	07/01/2016(2)	07/01/2025	Common Stock	400	$0	1,200	D
Stock Options	$6.25	03/02/2023		M			400	02/24/2017(3)	02/25/2026	Common Stock	400	$0	1,200	D
Stock Options	$6.5	03/02/2023		M			400	01/26/2018(4)	01/26/2027	Common Stock	400	$0	1,600	D
Stock Options	$7.1	03/02/2023		M			400	01/22/2019(5)	01/22/2028	Common Stock	400	$0	2,000	D
Stock Options	$14.91	03/02/2023		M			650	01/22/2020(6)	01/22/2029	Common Stock	650	$0	3,900	D

Explanation of Responses:

1. Includes 6,671 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan: 2,603 RSUs vest in seven approximately equal remaining installments; 2,435 RSUs vest in three approximately equal remaining installments; and 1,633 RSUs vest in three approximately equal installments. Each RSU represents the right to receive one share of common stock upon vesting.

2. Stock options granted pursuant to the Coastal Financial Corp 2006 Stock Options and Equity Plan vest in ten approximately equal installments commencing on July 1, 2016.

3. Stock options granted pursuant to the Coastal Financial Corp 2006 Stock Options and Equity Plan vest in ten approximately equal installments commencing on February 24, 2017.

4. Stock options granted pursuant to the Coastal Financial Corporation 2006 Stock Option and Equity Plan vest in ten approximately equal installments commencing on January 26, 2018.

5. Stock options granted pursuant to the Coastal Financial Corp 2006 Stock Options and Equity Plan vest in ten approximately equal installments commencing on January 22, 2019.

6. Stock options granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan vest in ten approximately equal installments commencing on January 22, 2020.

Remarks:

	/s/ Melisa Nelson, as Attorney-in-fact	03/02/2023
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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