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Coastal Financial Corp.

10/02/2025 | Press release | Distributed by Public on 10/02/2025 15:00

Management Change/Compensation (Form 8-K)

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Departure of Chief Risk Officer

On September 29, 2025, Andrew Stines resigned as Executive Vice President and Chief Risk Officer of Coastal Financial Corporation (the "Company"), effective October 1, 2025, in order to pursue other professional opportunities. Mr. Stine's resignation is not the result of any disagreement with Coastal or its Board of Directors. In connection with his resignation, Mr. Stines will receive a lump sum payment of $70,000, and his unvested shares (totaling 1,500 Restricted Stock Awards and 5,647 Restricted Stock Units) will be accelerated and deemed vested.

Coastal Financial Corp. published this content on October 02, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on October 02, 2025 at 21:00 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]