# EDGAR Filing Document

**Accession Number:** 0001437958
**File Stem:** 0001437958-23-000034
**Filing Date:** 2023-3
**Character Count:** 6599
**Document Hash:** 5c02e379ca91b480cfde1a8df2413352
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437958-23-000034.hdr.sgml**: 20230314

**ACCESSION NUMBER**: 0001437958-23-000034

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230314

**FILED AS OF DATE**: 20230314

**DATE AS OF CHANGE**: 20230314

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Sprink Eric M
- **CENTRAL INDEX KEY:** 0001299647

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38589
- **FILM NUMBER:** 23730342

**MAIL ADDRESS:**
- **STREET 1:** 5415 EVERGREEN WAY
- **CITY:** EVERETT
- **STATE:** WA
- **ZIP:** 98203
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COASTAL FINANCIAL CORP
- **CENTRAL INDEX KEY:** 0001437958
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** WA

**BUSINESS ADDRESS:**
- **STREET 1:** 5415 EVERGREEN WAY
- **CITY:** EVERETT
- **STATE:** WA
- **ZIP:** 98203
- **BUSINESS PHONE:** 425-257-1652

**MAIL ADDRESS:**
- **STREET 1:** 5415 EVERGREEN WAY
- **CITY:** EVERETT
- **STATE:** WA
- **ZIP:** 98203

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

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Sprink Eric M<br><sub>(Last) (First) (Middle)</sub><br>C/O 5415 EVERGREEN WAY<br><sub>(Street)</sub><br>EVERETT, WA 98203<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-03-14 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_CEO_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>COASTAL FINANCIAL CORP [ CCB ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-03-14 |  | M |  | 39794 | A | $6.25 | 320313<sup>(1)</sup> | D |  |
| Common Stock |  |  |  |  |  |  |  | 400 | I | By Custodian for Child 1 |
| Common Stock |  |  |  |  |  |  |  | 400 | I | By Custodian for Child 3 |
| Common Stock |  |  |  |  |  |  |  | 400 | I | By Custodian for Child 2 |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Stock Options | $6.25 | 2023-03-14 |  | M |  |  | 39794 | 2015-11-13<sup>(2)</sup> | 2024-11-13 | Common Stock | 39794.0 | $6.25 | 0 | D |  |

---

### Footnotes:

(1) Includes 49,496 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. 13,046 of the RSUs vest in seven approximately equal remaining installments; 9,048 of the RSUs vest in three approximately equal remaining installments; 10,671 of the RSUs vest in three approximately equal remaining installments: and 16,731 of the RSUs vest in approximately four equal installments. Also includes 100,000 shares of performance-based restricted stock units that vest on October 4, 2027, the quantity of which is dependent upon achievement of specified performance goals. Each restricted stock unit represents the right to receive one share of common stock upon vesting.

(2) Stock options granted pursuant to the Coastal Financial Corp. 2006 Stock Option and Equity Compensation Plan vest in five approximately equal installments commencing on November 13, 2015.

**Signature:** /s/ Melisa Nelson, as Attorney-in-fact  
**Date:** 2023-03-14

### Remarks:

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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**