---
schema_version: "secwatch.filing_event.v1"
accession: "0001437958-25-000130"
form_type: "8-K"
ticker: "CCB"
cik: "0001437958"
company_name: "COASTAL FINANCIAL CORP"
filed_at: "2025-06-04T23:59:59+00:00"
generated_at: "2026-05-19T23:46:37.020684+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Coastal Financial appoints Baker Tilly as auditor after Moss Adams merger; adverse internal control opinion noted

## Summary
- Moss Adams merged with Baker Tilly effective June 3, 2025; Moss Adams resigned and Baker Tilly appointed as successor independent auditor.
- No disagreements with Moss Adams on accounting principles, financial statement disclosure, or audit scope during 2024, 2023, and interim period.
- Moss Adams' audit reports for 2024 and 2023 financial statements were unqualified; internal control report had an adverse opinion.
- Company did not consult Baker Tilly on any accounting or audit matters prior to appointment.

## SEC filing metadata
- accession: 0001437958-25-000130
- form_type: 8-K
- ticker: CCB
- cik: 0001437958
- company_name: COASTAL FINANCIAL CORP
- filed_at: 2025-06-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437958/000143795825000130/0001437958-25-000130-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437958/000143795825000130/ck1437958-20250603.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437958-25-000130
- JSON: https://secwatch.observer/filing/0001437958-25-000130.json
- Plain text: https://secwatch.observer/filing/0001437958-25-000130.txt

## Key facts
- Auditor Changes
  Moss Adams LLP resigned as auditor of COASTAL FINANCIAL CORP.
  - Action: resignation
  - Auditor: Moss Adams LLP
  - Successor: Baker Tilly US, LLP
  source text: ⃞ Item 4.01 Changes in Registrant’s Certifying Accountant On June 3, 2025, Coastal Financial Corporation, (the "Company") was notified that Moss Adams LLP ("Moss Adams"), the Company's independent registered public accounting firm, merged with Baker Tilly US, LLP effective on June 3, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437958/000143795825000130/0001437958-25-000130-index.htm
- Auditor Changes
  COASTAL FINANCIAL CORP engaged Baker Tilly US, LLP as its auditor.
  - Action: engagement
  - Auditor: Baker Tilly US, LLP
  source text: the Audit Committee of the Company’s Board of Directors approved the appointment of Baker Tilly, as the successor to Moss Adams, as the Company’s independent registered public accounting firm
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437958/000143795825000130/0001437958-25-000130-index.htm

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