COASTAL FINANCIAL CORP 8-K

What Happened Coastal Financial Corporation (CCB) announced on March 11, 2026 that it appointed Jeffrey M. Chapman to its Board of Directors, effective that same date. Mr. Chapman is a financial technology executive with more than 25 years of experience in banking technology, digital transformation, payments, and data-driven platform development. With his addition, the Board now has twelve directors.

Key Details

• Appointment effective date: March 11, 2026; 8‑K filed March 12, 2026.
• Board size after appointment: 12 directors.
• Committee assignments: expected to serve on the Technology Committee and the CCBX Oversight Committee.
• Compensation: eligible for cash and restricted stock under the Company’s non‑employee director compensation program as described in its 2025 Proxy Statement and 2025 Form 10‑K.
• No related arrangements or transactions requiring disclosure under Item 404(a) of Regulation S‑K.

Why It Matters This is a board-level appointment focused on technology and fintech expertise, signaling the company’s emphasis on digital capabilities and oversight of its CCBX business. For investors, the addition may affect governance and strategic oversight in technology, but the filing contains no changes to executive management, no related-party transactions, and no immediate financial impacts beyond standard director compensation.