secwatch.observer — SEC 8-K summary
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Issuer:     COASTAL FINANCIAL CORP (CCB)
CIK:        0001437958
Form:       8-K
Filed at:   2026-07-30T20:39:31+00:00
Accession:  0001437958-26-000056
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437958/000143795826000056/0001437958-26-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437958/000143795826000056/ck1437958-20260729.htm
  HTML page:      https://secwatch.observer/filing/0001437958-26-000056

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