<SEC-DOCUMENT>0001437749-21-028062.txt : 20211208
<SEC-HEADER>0001437749-21-028062.hdr.sgml : 20211208
<ACCEPTANCE-DATETIME>20211208141143
ACCESSION NUMBER:		0001437749-21-028062
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20211207
FILED AS OF DATE:		20211208
DATE AS OF CHANGE:		20211208

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			DICKSON JOHN J
		CENTRAL INDEX KEY:			0001221615

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38589
		FILM NUMBER:		211478372

	MAIL ADDRESS:	
		STREET 1:		C/O COASTAL FINANCIAL CORP
		STREET 2:		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:		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>2021-12-07</periodOfReport>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001221615</rptOwnerCik>
            <rptOwnerName>DICKSON JOHN J</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 Operations Officer</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2021-12-07</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>G</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1300</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>44.57</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>30126</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Includes 7,405 time-based restricted stock units (RSUs) pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan.  3,347 RSUs vest in nine approximately equal installments, and 4,058 RSUs vest in five approximately equal installments.  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>2021-12-08</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
