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.
COASTAL FINANCIAL CORP director Christopher D. Adams received a grant of 1,754 shares of restricted common stock. The award was made at no cash cost to him and is classified as a grant or award acquisition. Following this transaction, his direct holdings total 30,117 common shares.
The restricted stock was granted under the Coastal Financial Corporation 2018 Omnibus Incentive Plan and will vest one day prior to the issuer's 2027 Annual Shareholder Meeting, tying the award to future continued service through that date.
Akella-Mishra Sadhana reported acquisition or exercise transactions in this Form 4 filing.
COASTAL FINANCIAL CORP director Sadhana Akella-Mishra received a grant of 1,369 shares of restricted common stock at a price of $0.0000 per share. The award was made under the Coastal Financial Corporation 2018 Omnibus Incentive Plan and will vest one day prior to the issuer's 2027 Annual Shareholder Meeting. Following this compensation-related grant, Akella-Mishra directly holds a total of 8,096 common shares.
Chapman Jeffrey M reported acquisition or exercise transactions in this Form 4 filing.
COASTAL FINANCIAL CORP director Jeffrey M. Chapman received a grant of 1,532 shares of Common Stock as restricted stock. The award was made at no cash cost per share and represents his entire reported direct holding after the transaction. According to the grant terms, these restricted shares were issued under the Coastal Financial Corporation 2018 Omnibus Incentive Plan and will vest one day prior to the issuer's 2027 Annual Shareholder Meeting.
Delorier Rilla S reported acquisition or exercise transactions in this Form 4 filing.
COASTAL FINANCIAL CORP director Rilla S. Delorier received a grant of 1,193 shares of restricted common stock. The award was granted at no cash cost per share pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan and will vest one day prior to the issuer’s 2027 Annual Shareholder Meeting. Following this equity grant, Delorier directly holds 6,584 shares of common stock, reflecting a routine, compensation-related increase in ownership rather than an open-market purchase.
HOVDE STEVEN D reported acquisition or exercise transactions in this Form 4 filing.
Coastal Financial Corp director and 10% owner Steven D. Hovde received a grant of 1,333 shares of restricted common stock at no cost under the company’s 2018 Omnibus Incentive Plan. These shares vest one day before the issuer’s 2027 Annual Shareholder Meeting, bringing his direct holdings to 1,717,293 shares and indirect business-related holdings to 11,500 shares.
Klee Stephan reported acquisition or exercise transactions in this Form 4 filing.
COASTAL FINANCIAL CORP director Stephan Klee reported an equity award and updated holdings. An entity associated with him, SK Trail LLC, received a grant of 1,369 shares of Coastal Financial common stock at a stated price of $0.00 per share as a compensation award. These shares are restricted stock granted under the Coastal Financial Corporation 2018 Omnibus Incentive Plan and are scheduled to vest one day prior to the company’s 2027 Annual Shareholder Meeting. Following this grant, SK Trail LLC holds 2,488 shares indirectly, while Klee also reports 1,661 shares held directly.
Lane Thomas D reported acquisition or exercise transactions in this Form 4 filing.
COASTAL FINANCIAL CORP director Lane Thomas D received a grant of 1,474 shares of Common Stock as restricted stock. The award was granted at no cash price under the Coastal Financial Corporation 2018 Omnibus Incentive Plan and is compensation-related rather than an open-market purchase.
These restricted shares are scheduled to vest one day prior to the issuer's 2027 Annual Shareholder Meeting. Following the grant, Lane Thomas D directly holds 85,306 shares of Common Stock, with additional indirect holdings reported through blind trust accounts and for a child.
Patterson Michael Robert reported acquisition or exercise transactions in this Form 4 filing.
COASTAL FINANCIAL CORP director Michael Robert Patterson was granted 1,404 shares of restricted common stock. The award carried a stated price of $0.00 per share and increased his direct holdings to 8,294 shares.
The restricted stock was issued under the Coastal Financial Corporation 2018 Omnibus Incentive Plan and is scheduled to vest one day prior to the company’s 2027 Annual Shareholder Meeting, tying the award to longer-term board service.
Tisdel Gregory A reported acquisition or exercise transactions in this Form 4 filing.
COASTAL FINANCIAL CORP director Gregory A. Tisdel received a grant of 1,193 shares of restricted common stock. The award was granted at no cash cost per share and increased his direct holdings to 16,174 shares of Coastal Financial common stock.
The restricted stock was granted under the Coastal Financial Corporation 2018 Omnibus Incentive Plan and will vest one day prior to the issuer's 2027 Annual Shareholder Meeting. This is a compensation-related equity award rather than an open-market purchase.