COASTAL FINANCIAL CORP — Form 8-K

Coastal Financial Corporation entered into an employment agreement with Christopher D. Adams, effective July 29, 2026, appointing him as Executive Chair of the Board. Adams will receive a base salary of $750,000 per year, with a 5-year initial term (thereafter auto-renewing annually unless 90 days' notice given). The agreement includes standard restrictive covenants (18-month non-solicitation post-termination, confidentiality, non-disparagement) and change-of-control provisions. The filing also contains fourth amended and restated bylaws establishing detailed shareholder nomination and proposal procedures.