# EDGAR Filing Document

**Accession Number:** 0001437958
**File Stem:** 0002110702-26-000002
**Filing Date:** 2026-4
**Character Count:** 7793
**Document Hash:** 7634cbc730489bacbf06626379c84b09
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002110702-26-000002.hdr.sgml**: 20260408

**ACCESSION NUMBER**: 0002110702-26-000002

**CONFORMED SUBMISSION TYPE**: 3

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260402

**FILED AS OF DATE**: 20260408

**DATE AS OF CHANGE**: 20260408

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Rivas Freddy I
- **CENTRAL INDEX KEY:** 0002110702

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 3
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38589
- **FILM NUMBER:** 26849548

**MAIL ADDRESS:**
- **STREET 1:** 5415 EVERGREEN WAY
- **CITY:** EVERETT
- **STATE:** WA
- **ZIP:** 98203
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** COASTAL FINANCIAL CORP
- **CENTRAL INDEX KEY:** 0001437958
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000
- **STATE OF INCORPORATION:** WA
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 5415 EVERGREEN WAY
- **CITY:** EVERETT
- **STATE:** WA
- **ZIP:** 98203
- **BUSINESS PHONE:** 425-257-1652

**MAIL ADDRESS:**
- **STREET 1:** 5415 EVERGREEN WAY
- **CITY:** EVERETT
- **STATE:** WA
- **ZIP:** 98203

## Ex-24

![](rivas_poa001.jpg)

POWER OF ATTORNEY 1, Freddy I. Rivas, Executive of Coastal Financial Corporation (the "Corporation"), hereby authorize and designate Eric M. Sprink, Brandon J. Soto, Melisa Nelson or other person(s) designated by the Corporation as my agent and attorney-in-fact, with full power of substitution, to: (1) prepare and sign on my behalf any Form 3, Form 4 or Form 5 under Section 16 of the Securities Exchange Act of 1934 with respect to the Corporation's securities and file the same with the Securities and Exchange Commission and each stock exchange on which the Corporation's stock is listed; (2) prepare and sign on my behalf any Form 144 Notice under the Securities Act of 1933 with respect to a sale by me or on my behalf of the Corporation's securities and file the same with the Securities and Exchange Commission; (3) make submissions on EDGAR both through the EDGAR filing websites and through optional Application Programming Interfaces (APIs) should the API requirements be satisfied, add and remove additional account administrators, add and remove users and technical administrators, delegate authority to file to other EDGAR accounts, such as filing agents or companies, and remove delegation and perform annual confirmation of the filer's account; and (4) take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact's discretion. The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorney-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Corporation assuming, any of the undersigned's responsibilities to comply with Section 16 of the Securities Exchange Act of 1934. This Power of Attorney shall remain in effect until the undersigned is no longer required to file Forms 3, 4 and 5 with respect to the undersigned's holdings of and transactions in securities issued by the Corporation, unless earlier revoked by the undersigned in a signed and dated writing delivered to each of the foregoing attorneys-in-fact. Date: 01/27/2026 Signature: Freddy I. Rivas

------

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 3

### INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Rivas Freddy I<br><sub>(Last) (First) (Middle)</sub><br>5415 EVERGREEN WAY<br><sub>(Street)</sub><br>EVERETT, WA 98203<br><sub>(City) (State) (Zip)</sub> | **3. Issuer Name and Ticker or Trading Symbol**<br>COASTAL FINANCIAL CORP [ CCB ] | **5. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  |
| **2. Date of Event Requiring Statement (Month/Day/Year)**<br>2026-04-02 | **4. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director   [ ] 10% Owner<br>[X] Officer (give title below)   [ ] Other (specify below)<br>_Chief Credit Officer_ | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities Beneficially Owned

---

|  |  |  |  |
| --- | --- | --- | --- |
| 1. Title of Security | 2. Amount of Securities Beneficially Owned | 3. Ownership Form | 4. Nature of Indirect Beneficial Ownership |
| Common Stock | 12050<sup>(1)</sup> | D |  |

---

## Table II - Derivative Securities Beneficially Owned

---

|  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Underlying Securities | 3. Title and Amount of Underlying Securities | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 4. Conversion or Exercise Price | 5. Ownership Form | 6. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |

---

### Footnotes:

(1) Includes 3,689 time-based restricted stock units (RSUs) granted pursuant to the Coastal Financial Corporation 2018 Omnibus Incentive Plan. These 3,689 RSUs vest in four approximately equal remaining installments. Also includes 8,250 performance-based restricted stock units, which are eligible to vest during the period beginning July 31, 2026 and ending July 31, 2029, with the number of units that vest dependent on the achievement of specified performance goals. Each restricted stock unit represents the right to receive one share of common stock upon vesting.

**Signature:** /s/ Melisa Nelson, as Attorney-in-fact  
**Date:** 2026-04-07

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**