Coastal Financial appoints Christopher D. Adams as Executive Chair; Thomas Lane as Lead Independent Director

COASTAL FINANCIAL CORP

Christopher D. Adams appointed Executive Chair effective July 29, 2026; previously a non-employee director since 2016.
Employment agreement with Adams: 5-year initial term, $750,000 annual base salary, subject to annual review.
Thomas Lane appointed Lead Independent Director effective same date, with compensation per non-employee director program.
Bylaws amended to define authority and duties of Executive Chair and Lead Independent Director, effective July 29, 2026.

item 5.02 item 5.03 item 9.01

Executive movements

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Appointed

Thomas Lane

Lead Independent Director

CCB · COASTAL FINANCIAL CORP

Effective: 2026-07-29
Filed: July 30, 2026, 4:39 PM ET

Following the appointment of Mr. Adams as Executive Chair, the Board appointed Thomas Lane as Lead Independent Director, effective July 29, 2026.

Appointed

Christopher D. Adams

Executive Chair

CCB · COASTAL FINANCIAL CORP

Effective: 2026-07-29
Filed: July 30, 2026, 4:39 PM ET

On July 29, 2026, Coastal Financial Corporation (the “Company”) appointed Christopher D. Adams as Executive Chair of the Board of Directors of the Company (the “Board”), effective July 29, 2026.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Thomas Lane was appointed as Lead Independent Director at COASTAL FINANCIAL CORP.

Action: appointed
Role: Lead Independent Director

Exact text from the filing

Following the appointment of Mr. Adams as Executive Chair, the Board appointed Thomas Lane as Lead Independent Director, effective July 29, 2026.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Christopher D. Adams was appointed as Executive Chair at COASTAL FINANCIAL CORP.

Action: appointed
Role: Executive Chair

Exact text from the filing

On July 29, 2026, Coastal Financial Corporation (the “Company”) appointed Christopher D. Adams as Executive Chair of the Board of Directors of the Company (the “Board”), effective July 29, 2026.

View on SEC.gov

COASTAL FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001437958-26-000056

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