---
schema_version: "secwatch.filing_event.v1"
accession: "0001437958-26-000056"
form_type: "8-K"
ticker: "CCB"
cik: "0001437958"
company_name: "COASTAL FINANCIAL CORP"
filed_at: "2026-07-30T20:39:31+00:00"
generated_at: "2026-07-30T20:40:05.667404+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437958-26-000056
- form_type: 8-K
- ticker: CCB
- cik: 0001437958
- company_name: COASTAL FINANCIAL CORP
- filed_at: 2026-07-30T20:39:31+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437958/000143795826000056/0001437958-26-000056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437958/000143795826000056/ck1437958-20260729.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437958-26-000056
- JSON: https://secwatch.observer/filing/0001437958-26-000056.json
- Plain text: https://secwatch.observer/filing/0001437958-26-000056.txt

## Key facts
- Executive change
  Thomas Lane was appointed as Lead Independent Director at COASTAL FINANCIAL CORP.
  - Action: appointed
  - Role: Lead Independent Director
  source text: Following the appointment of Mr. Adams as Executive Chair, the Board appointed Thomas Lane as Lead Independent Director, effective July 29, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437958/000143795826000056/0001437958-26-000056-index.htm
- Executive change
  Christopher D. Adams was appointed as Executive Chair at COASTAL FINANCIAL CORP.
  - Action: appointed
  - Role: Executive Chair
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437958/000143795826000056/0001437958-26-000056-index.htm

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