Coastal Financial (CCB) 2026 meeting: directors elected, pay and auditor backed

Rhea-AI Filing Summary

Coastal Financial Corporation reported voting results from its 2026 annual shareholder meeting. Shareholders representing 13,853,559 shares, about 91% of the company’s voting power as of March 27, 2026, were present, providing a strong quorum.

All nominated directors were elected, with Rilla R. Delorier, Steven D. Hovde, Michael R. Patterson and Gregory A. Tisdel each winning terms running to the 2029 annual meeting, and Jeffrey M. Chapman elected to a term running to the 2028 meeting. Shareholders also ratified Baker Tilly US, LLP as independent registered public accounting firm for the 2026 fiscal year and approved, on an advisory basis, the executive compensation program.

8-K Event Classification

Item 5.07 — Submission of Matters to a Vote of Security Holders

1 item

Item 5.07 Submission of Matters to a Vote of Security Holders Governance

Results of a shareholder vote on proposals at an annual or special meeting.

Key Figures

Shares represented at meeting: 13,853,559 shares Auditor ratification votes for: 13,810,457 votes Auditor ratification votes against: 41,938 votes +4 more

7 metrics

Shares represented at meeting 13,853,559 shares Approximately 91% of voting power as of March 27, 2026 record date

Auditor ratification votes for 13,810,457 votes Ratification of Baker Tilly US, LLP for fiscal year ending December 31, 2026

Auditor ratification votes against 41,938 votes Opposed ratifying Baker Tilly US, LLP for 2026 fiscal year

Say-on-pay votes for 12,261,568 votes Advisory approval of executive compensation for named executive officers

Say-on-pay votes against 344,062 votes Opposed advisory executive compensation proposal

Say-on-pay abstentions 140,608 votes Abstained on advisory executive compensation proposal

Broker non-votes on pay 1,107,321 votes Broker non-votes on advisory vote on executive compensation

Key Terms

broker non-votes, independent registered public accounting firm, advisory non-binding vote on executive compensation, annual meeting of shareholders

4 terms

broker non-votes financial

"There were 1,107,321 broker non-votes on the proposal."

Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.

independent registered public accounting firm financial

"the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026"

An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.

advisory non-binding vote on executive compensation financial

"The advisory non-binding vote on executive compensation paid to our named executive officers"

annual meeting of shareholders financial

"held its 2026 annual meeting of shareholders (the "Annual Meeting") on May 27, 2026."

A yearly gathering where a company’s owners (shareholders) vote on key items like electing the board, approving executive pay, and ratifying auditors, and receive updates on performance and strategy. Think of it as an annual town hall for owners: it matters to investors because outcomes and disclosures can affect leadership, corporate direction, dividend and governance policies, and therefore the company’s risk and potential return.

Understanding 8-K Material Events →

0001437958FALSE00014379582026-05-272026-05-27

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  May 27, 2026

COASTAL FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

Washington

001-38589

56-2392007

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

5415 Evergreen Way, Everett, Washington 98203

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code:  (425) 257-9000

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common stock, no par value per share			CCB			The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company    ⃞

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ⃞

Item 5.07 Submission of Matters to a Vote of Security Holders.

Coastal Financial Corporation (the "Company") held its 2026 annual meeting of shareholders (the "Annual Meeting") on May 27, 2026. Present at the Annual Meeting in person or by proxy were holders of 13,853,559 shares of Company common stock representing approximately 91% of the voting power of the shares of common stock of the Company as of the close of business on March 27, 2026, the record date for the Annual Meeting, and constituting a quorum for the transaction of business. The final results for each of the matters submitted to a vote of the shareholders at the Annual Meeting are as follows:

1.The following individuals were elected as directors of the Company. Rilla R. Delorier, Steven D. Hovde, Michael R. Patterson and Gregory A. Tisdel to the class of Directors to serve for a three year term until the 2029 annual meeting of shareholders and Jeffrey M. Chapman to the class of Directors to serve for a two year term until the 2028 annual meeting of shareholders, or until their successors are elected and qualified, by the following vote:

Director nominees			For			Withheld			Broker Non-Votes
Rilla R. Delorier			11,904,655			841,585			1,107,319
Steven D. Hovde			6,374,067			6,372,171			1,107,321
Michael R. Patterson			11,913,486			832,753			1,107,320
Gregory A. Tisdel			11,098,242			1,647,996			1,107,321

2.The selection of Baker Tilly US, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026 was ratified by the shareholders by the following vote:

FOR			AGAINST			ABSTAIN
13,810,457			41,938			1,162

There were 2 broker non-votes on the proposal.

3.The advisory non-binding vote on executive compensation paid to our named executive officers was approved by the shareholders by the following vote:

FOR			AGAINST			ABSTAIN
12,261,568			344,062			140,608

There were 1,107,321 broker non-votes on the proposal.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			COASTAL FINANCIAL CORPORATION
Date: May 29, 2026			By:			/s/ Brandon J. Soto
						Brandon J. Soto
						Executive Vice President and Chief Financial Officer

FAQ

What was Coastal Financial (CCB) voting turnout at the 2026 annual meeting?

Shareholders representing 13,853,559 shares were present, equaling about 91% of the company’s voting power. This high participation level provided a solid quorum and indicates broad shareholder engagement in director elections, auditor ratification, and the advisory vote on executive compensation.

Which directors were elected at Coastal Financial (CCB) 2026 shareholder meeting?

Shareholders elected Rilla R. Delorier, Steven D. Hovde, Michael R. Patterson and Gregory A. Tisdel to terms ending at the 2029 annual meeting. They also elected Jeffrey M. Chapman to a term ending at the 2028 annual meeting, or until successors are elected and qualified.

Did Coastal Financial (CCB) shareholders approve executive compensation in 2026?

Yes. The advisory, non-binding vote on executive compensation received 12,261,568 votes for, 344,062 against, and 140,608 abstentions. There were 1,107,321 broker non-votes. This result shows shareholders generally supported the compensation paid to the company’s named executive officers.

Which audit firm did Coastal Financial (CCB) shareholders ratify for 2026?

Shareholders ratified Baker Tilly US, LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026. The vote was 13,810,457 for, 41,938 against, and 1,162 abstentions, with 2 broker non-votes recorded on this proposal.

What were the broker non-votes at Coastal Financial (CCB) 2026 meeting?

Broker non-votes occurred when brokers held shares but lacked instructions on certain items. There were 1,107,321 broker non-votes on the advisory executive compensation proposal and 2 broker non-votes on the auditor ratification proposal, while director elections also recorded broker non-votes by nominee.

When was the record date for Coastal Financial (CCB) 2026 annual meeting?

The record date for determining shareholders entitled to vote at the 2026 annual meeting was March 27, 2026. Voting power at the meeting, based on this date, represented approximately 91% of eligible shares, indicating strong representation of the ownership base in key governance decisions.

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 21.1 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.2 KB