Form 8-K
8-K — COASTAL FINANCIAL CORP
Accession: 0001437958-26-000035
Filed: 2026-04-29
Period: 2026-04-29
CIK: 0001437958
SIC: 6022 (STATE COMMERCIAL BANKS)
Item: Regulation FD Disclosure
Documents
8-K — ck1437958-20260429.htm (Primary)
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8-K
8-K (Primary)
Filename: ck1437958-20260429.htm · Sequence: 1
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0001437958FALSE00014379582026-04-292026-04-29
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): April 29, 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 7.01 Regulation FD Disclosure
Coastal Community Bank, a Washington state-chartered commercial bank (the “Bank”) and a wholly owned subsidiary of Coastal Financial Corporation, a Washington corporation, entered into a non-binding term sheet with Evolve Bank & Trust (“Evolve”) setting forth non-binding terms related to a diverse set of banking-as-a-service programs presently overseen and operated by Evolve (each an “Evolve Program”) that the Bank may acquire the assets and deposits of. The Bank intends to promptly initiate due diligence with respect to certain of the Evolve Programs, and each of the Bank and Evolve intend to work collaboratively to expeditiously negotiate and execute definitive agreements for any of those Evolve Programs elected by the Bank and Evolve to be acquired by the Bank. The Bank’s acquisition of any Evolve Programs will be subject to the execution of definitive agreements, the receipt of required regulatory approvals and other customary closing conditions.
The information furnished under this Item 7.01 will not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and will not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
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: April 29, 2026
By: /s/ Brandon J. Soto
Brandon J. Soto
Executive Vice President and Chief Financial Officer
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Entity Incorporation, State or Country Code
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Entity File Number
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Entity Tax Identification Number
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Entity Address, Address Line One
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