Coastal Financial Corporation Announces Departure of Chief Risk Officer

Andrew Stines, the Executive Vice President and Chief Risk Officer of Coastal Financial Corporation, has resigned from his position, effective October 1, 2025. This decision comes as Mr. Stines pursues other professional opportunities and is not the result of any disagreement with the company or its Board of Directors. As part of his resignation, Mr. Stines will receive a lump sum payment of $70,000, and his unvested shares will be accelerated and deemed vested.

Key Takeaways:

• Andrew Stines, the Chief Risk Officer of Coastal Financial Corporation, has resigned from his position, effective October 1, 2025.
• The resignation is not the result of any disagreement with the company or its Board of Directors.
• Mr. Stines will receive a lump sum payment of $70,000 as part of his resignation package.
• His unvested shares, totaling 1,500 Restricted Stock Awards and 5,647 Restricted Stock Units, will be accelerated and deemed vested.
• This change will have implications for the company's risk management team and its overall operations.
• The departure of the Chief Risk Officer may also affect the company's compliance with regulatory requirements and industry standards.

The departure of the Chief Risk Officer may also affect the company's compliance with regulatory requirements and industry standards. The company will need to ensure a smooth transition of responsibilities and maintain effective risk management practices.

Statistics:

• The Chief Risk Officer, Andrew Stines, has resigned from his position, effective October 1, 2025.
• The amount of the lump sum payment is $70,000.
• The number of unvested shares is 1,500 Restricted Stock Awards and 5,647 Restricted Stock Units.
• The total value of the accelerated shares is not disclosed.

Sources:

• Form 8-K filed by Coastal Financial Corporation with the Securities and Exchange Commission on September 29, 2025.