<SEC-DOCUMENT>0001437749-21-001433.txt : 20210127
<SEC-HEADER>0001437749-21-001433.hdr.sgml : 20210127
<ACCEPTANCE-DATETIME>20210127202650
ACCESSION NUMBER:		0001437749-21-001433
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20210125
FILED AS OF DATE:		20210127
DATE AS OF CHANGE:		20210127

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			EDWARDS JOEL G
		CENTRAL INDEX KEY:			0001260912

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38589
		FILM NUMBER:		21561634

	MAIL ADDRESS:	
		STREET 1:		P O BOX 11628
		CITY:			TACOMA
		STATE:			WA
		ZIP:			984116628

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:		2817 COLBY AVENUE
		CITY:			EVERETT
		STATE:			WA
		ZIP:			98201
		BUSINESS PHONE:		425-257-1652

	MAIL ADDRESS:	
		STREET 1:		2817 COLBY AVENUE
		CITY:			EVERETT
		STATE:			WA
		ZIP:			98201
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rdgdoc.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2021-01-25</periodOfReport>

    <issuer>
        <issuerCik>0001437958</issuerCik>
        <issuerName>COASTAL FINANCIAL CORP</issuerName>
        <issuerTradingSymbol>CCB</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001260912</rptOwnerCik>
            <rptOwnerName>EDWARDS JOEL G</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O 5415 EVERGREEN WAY</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>EVERETT</rptOwnerCity>
            <rptOwnerState>WA</rptOwnerState>
            <rptOwnerZipCode>98203</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isOfficer>1</isOfficer>
            <officerTitle>Chief Financial Officer</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2020-03-18</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>6177</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>32218</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Represents award of time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan.  The RSUs vest in five approximately equal installments commencing on January 25, 2022.  Each restricted stock unit represents the right to receive one share of common stock upon vesting.</footnote>
        <footnote id="F2">Includes 10,658 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan.  4,481 RSUs vest in ten approximately equal installments commencing on February 3, 2021, and 6,177 RSUs vest in five approximately equal installments commencing on January 25, 2022.  Each restricted stock unit represents the right to receive one share of common stock upon vesting.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Melisa Nelson, as Attorney-in-fact</signatureName>
        <signatureDate>2021-01-27</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
