COASTAL FINANCIAL CORP

Code

S

Shares

146

Price

$72.37

Footnotes

3

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 plan adopted by the reporting person. Represents shares sold in payment of withholding taxes upon partial vesting of RSUs. Includes the following pursuant to the 2018 Coastal Financial Corporation Omnibus Incentive Plan: (1) 14,536 restricted stock units (RSUs) with remaining shares vesting monthly in an approximately equal amount through April 30, 2028 (2) Includes 7,387 performance-based RSUs which are eligible to vest on the first day of each month beginning October 1, 2024 until April 30, 2028, the quantity of which is subject to continuous employment and achievement of certain stock price conditions (3) 15,000 performance-based RSUs - eligible to vest on April 30, 2028, subject to continuous employment and achievement of return on equity that is at least 80% of company comparator peer group. (4) 502 RSUs that vest in three approximately equal remaining installments. Each RSU represents the right to receive one share of common stock upon vesting.