---
schema_version: "secwatch.filing_event.v1"
accession: "0001437958-25-000087"
form_type: "8-K"
ticker: "CCB"
cik: "0001437958"
company_name: "COASTAL FINANCIAL CORP"
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T07:33:30.773400+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Coastal Financial CFO Joel G. Edwards to retire; transition plan through April 2026

## Summary
- Joel G. Edwards, EVP and CFO, notified Company of retirement on May 7, 2025; effective upon successor or October 1, 2025.
- Edwards will work full-time until successor start or Oct 1, 2025, then part-time through April 1, 2026 (Retention Period).
- Certain unvested stock options and RSUs vest on June 30, 2025; additional vesting on April 1, 2026 subject to continued employment.
- Edwards eligible for 2025 annual bonus (performance-based, similar to 2023-2024 methodology) and severance if terminated without cause during Retention Period.
- Departure unrelated to any disagreement with board or Company.

## SEC filing metadata
- accession: 0001437958-25-000087
- form_type: 8-K
- ticker: CCB
- cik: 0001437958
- company_name: COASTAL FINANCIAL CORP
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437958/000143795825000087/0001437958-25-000087-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437958/000143795825000087/ck1437958-20250507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437958-25-000087
- JSON: https://secwatch.observer/filing/0001437958-25-000087.json
- Plain text: https://secwatch.observer/filing/0001437958-25-000087.txt

## Key facts
- Executive change
  Joel G. Edwards departed as Executive Vice President and Chief Financial Officer at COASTAL FINANCIAL CORP.
  - Action: intention to retire
  - Role: Executive Vice President and Chief Financial Officer
  source text: On May 7, 2025, Joel G. Edwards, Executive Vice President and Chief Financial Officer of Coastal Financial Corporation (the “Company”), informed the Company of his intention to retire upon the appointment of a new Chief Financial Officer of the Company or if earlier, October 1, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437958/000143795825000087/0001437958-25-000087-index.htm

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