secwatch.observer — SEC 8-K summary
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Issuer:     COASTAL FINANCIAL CORP (CCB)
CIK:        0001437958
Form:       8-K
Filed at:   2025-09-22T23:59:59+00:00
Accession:  0001437958-25-000157
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coastal Financial appoints Brandon Soto as CFO, effective October 1, 2025
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- Brandon Soto appointed CFO, succeeding Joel Edwards; effective Oct 1, 2025.
- Compensation: $500K base salary, $15K signing bonus, 18K RSUs, 15K performance-based PSUs with stock price hurdles.
- Prior role: CFO of Square Financial Services (Block, Inc.) for 7 years, oversaw bank charter approvals and financial operations.
- Employment agreement: 4-year initial term, includes non-compete and confidentiality provisions.
- Soto has over 20 years experience in fintech and banking, including Green Dot Bank and Sallie Mae Bank.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437958/000143795825000157/0001437958-25-000157-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437958/000143795825000157/ck1437958-20250922.htm
  HTML page:      https://secwatch.observer/filing/0001437958-25-000157

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