Coastal Financial Corporation (CCB) Proxy Filing summary

Executive summary

• 2025 Annual Meeting of Shareholders scheduled for May 28, 2025, to be held virtually with advance registration required.

• Proxy materials, including the annual report and proxy card, are available online, with options to request paper or email copies by May 14, 2025.

• Shareholders of record as of March 19, 2025, are eligible to vote on the proposals.

Voting matters and shareholder proposals

• Election of three directors for three-year terms and one director for a one-year term.

• Advisory vote on executive compensation (say-on-pay) for named executive officers.

• Approval of the Second Amendment to the 2018 Omnibus Incentive Plan, increasing authorized shares.

• Amendments to bylaws regarding director qualifications and terms of office.

• Ratification of Moss Adams LLP as independent auditor for fiscal year ending December 31, 2025.

Board of directors and corporate governance

• Board recommends voting for all director nominees and all proposals presented.

• Amendments to bylaws proposed to clarify director qualifications and terms.