---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-21-049973"
form_type: "8-K"
ticker: "CCB"
cik: "0001437958"
company_name: "COASTAL FINANCIAL CORP"
filed_at: "2021-10-04T23:59:59+00:00"
generated_at: "2026-06-28T23:22:06.617584+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Coastal Financial appoints Michael Patterson to Board of Directors effective Oct 1

## Summary
- Michael Patterson, CPA with 38+ years of experience, joins board effective October 1, 2021.
- Patterson previously led EY LLP's Compliance Risk Management in Financial Services Office.
- Board expands to 11 directors, 8 of whom are independent including Patterson.
- Compensation follows non-employee director program; committee assignments are undetermined.
- No arrangements or transactions with Patterson requiring disclosure under Item 404(a).

## SEC filing metadata
- accession: 0001564590-21-049973
- form_type: 8-K
- ticker: CCB
- cik: 0001437958
- company_name: COASTAL FINANCIAL CORP
- filed_at: 2021-10-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437958/000156459021049973/0001564590-21-049973-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437958/000156459021049973/ck1437958-8k_20210928.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-21-049973
- JSON: https://secwatch.observer/filing/0001564590-21-049973.json
- Plain text: https://secwatch.observer/filing/0001564590-21-049973.txt

## Key facts
- Executive change
  Michael Patterson was appointed as Director at COASTAL FINANCIAL CORP.
  - Action: appointed
  - Role: Director
  source text: On September 28, 2021, Coastal Financial Corporation (the “Company”) appointed Michael Patterson as a director for the Company, effective October 1, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437958/000156459021049973/0001564590-21-049973-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.