secwatch.observer — SEC 8-K summary
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Issuer:     COASTAL FINANCIAL CORP (CCB)
CIK:        0001437958
Form:       8-K
Filed at:   2025-10-02T23:59:59+00:00
Accession:  0001437958-25-000160
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coastal Financial's Chief Risk Officer Andrew Stines resigns; receives $70k severance, equity acceleration
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- Andrew Stines resigns as EVP and Chief Risk Officer effective Oct 1, 2025, to pursue other professional opportunities.
- Resignation is not the result of any disagreement with the company or its board.
- Severance includes a $70,000 lump-sum payment and accelerated vesting of 1,500 RSAs and 5,647 RSUs.
- No replacement or interim appointment has been announced.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437958/000143795825000160/0001437958-25-000160-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437958/000143795825000160/ck1437958-20250929.htm
  HTML page:      https://secwatch.observer/filing/0001437958-25-000160

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer