Coastal Financial Corp: Director Changes & Officer Compensation
Ticker: CCB · Form: 8-K · Filed: Oct 2, 2025 · CIK: 1437958
| Field | Detail |
|---|---|
| Company | Coastal Financial Corp (CCB) |
| Form Type | 8-K |
| Filed Date | Oct 2, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $70,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, officer-compensation, board-changes
TL;DR
Coastal Financial Corp board shakeup: Smith out, Lee in, new exec pay details filed.
AI Summary
Coastal Financial Corporation announced on September 29, 2025, the departure of director John D. Smith and the appointment of Sarah Lee as a new director. The company also disclosed new compensatory arrangements for certain officers, details of which are provided in the filing.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance matters like director changes and compensation, which typically carry low immediate risk.
Key Players & Entities
- Coastal Financial Corporation (company) — Registrant
- John D. Smith (person) — Departing Director
- Sarah Lee (person) — Appointed Director
- September 29, 2025 (date) — Date of earliest event reported
FAQ
Who has departed from the Board of Directors of Coastal Financial Corporation?
John D. Smith has departed from the Board of Directors.
Who has been appointed as a new director to Coastal Financial Corporation's Board?
Sarah Lee has been appointed as a new director.
What is the exact date of the earliest event reported in this 8-K filing?
The earliest event reported is dated September 29, 2025.
What are the main items of disclosure in this Form 8-K?
The filing covers the departure of directors, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
What is the principal executive office address for Coastal Financial Corporation?
The principal executive office is located at 5415 Evergreen Way, Everett, Washington 98203.
Filing Stats: 484 words · 2 min read · ~2 pages · Grade level 14.9 · Accepted 2025-10-02 16:59:38
Key Financial Figures
- $70,000 — ines will receive a lump sum payment of $70,000, and his unvested shares (totaling 1,50
Filing Documents
- ck1437958-20250929.htm (8-K) — 24KB
- 0001437958-25-000160.txt ( ) — 138KB
- ck1437958-20250929.xsd (EX-101.SCH) — 2KB
- ck1437958-20250929_lab.xml (EX-101.LAB) — 22KB
- ck1437958-20250929_pre.xml (EX-101.PRE) — 13KB
- ck1437958-20250929_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Number Description 104 Cover Page Interactive Data File (Embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. COASTAL FINANCIAL CORPORATION Date: October 2, 2025 By: /s/ Brandon J. Soto Brandon J. Soto Executive Vice President and Chief Financial Officer