Coastal Financial (CCB) bank subsidiary president to step down Sept. 12

Rhea-AI Filing Summary

Coastal Financial Corporation reported that Curt T. Queyrouze resigned as President of its subsidiary, Coastal Community Bank, effective September 12, 2025, to pursue other professional opportunities. The company stated that his resignation is not due to any disagreement with Coastal or its Board of Directors, which signals an orderly leadership transition rather than a conflict-driven departure.

In connection with his resignation, Mr. Queyrouze will forfeit all outstanding equity awards and receive a lump sum cash payment of $155,000. The filing does not name a successor in this excerpt, but confirms that normal reporting obligations are being followed through this current report.

8-K Event Classification

2 items: 5.02, 9.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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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):  September 9, 2025

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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Departure of President of Coastal Community Bank

On September 9, 2025, Curt T. Queyrouze resigned as President of Coastal Community Bank (the “Bank”), a subsidiary of Coastal Financial Corporation (the “Company”), effective September 12, 2025, in order to pursue other professional opportunities. Mr. Queyrouze’s resignation is not the result of any disagreement with Coastal or its Board of Directors. In connection with his resignation, Mr. Queyrouze will forfeit his outstanding equity awards and will receive a lump sum payment of $155,000.

Item 9.01 Financial Statements and Exhibits

Exhibits

Number						Description
104						Cover Page Interactive Data File (Embedded within the Inline XBRL document)

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: September 10, 2025			By:			/s/ Joel G. Edwards
						Joel G. Edwards
						Executive Vice President and Chief Financial Officer

FAQ

Why did Coastal Financial Corporation (CCB) report an executive departure?

Coastal Financial Corporation reported that Curt T. Queyrouze resigned as President of its subsidiary, Coastal Community Bank, effective September 12, 2025, to pursue other professional opportunities.

Did Curt T. Queyrouze have any disagreements with Coastal Financial Corporation (CCB)?

The company stated that Mr. Queyrouze’s resignation is not the result of any disagreement with Coastal Financial Corporation or its Board of Directors.

What severance or payments will the departing bank president receive from Coastal Financial (CCB)?

In connection with his resignation, Mr. Queyrouze will receive a lump sum payment of $155,000 and will forfeit his outstanding equity awards.

Which role is affected by this leadership change at Coastal Financial Corporation (CCB)?

The change affects the President of Coastal Community Bank, which is the banking subsidiary of Coastal Financial Corporation.

When is the resignation of Coastal Community Bank’s president effective?

The resignation of Curt T. Queyrouze as President of Coastal Community Bank is effective on September 12, 2025.

Does the 8-K for Coastal Financial Corporation (CCB) include financial statements?

The filing lists an exhibit for a Cover Page Interactive Data File but does not include additional financial statements in the provided excerpt.