6 unchanged sentences
Our management is responsible for establishing and maintaining effective internal control over financial reporting (as defined in Rule 13a-15(f) and 15d- 15(f) of the Exchange Act).
−Removed: Our internal control system is designed to provide reasonable assurance to our management and board of directors regarding the preparation and fair presentation of published financial statements in accordance with GAAP.
+Added: Our internal control system is designed to provide reasonable assurance to our management and board of directors regarding the preparation and fair presentation of published
+Added: Table of Content s
+Added: financial statements in accordance with GAAP.
Internal control over financial reporting includes self-monitoring mechanisms, and actions are taken to correct deficiencies as they are identified.
4 unchanged sentences
Based on this assessment, our management concluded that we maintained effective internal control over financial reporting as of December 31, 2023.
−Removed: Attestation Report of the Independent Registered Public Accounting Firm
−Removed: Not applicable for an emerging growth company.
+Added: Moss Adams LLP, an independent registered public accounting firm, has audited the effectiveness of our internal control over financial reporting as of December 31, 2023, and their report is included in Item 8.
+Added: Financial Statements And Supplementary Data.
Changes in Internal Control over Financial Reporting
1 unchanged sentence
Other Information
+Added: During the fiscal quarter ended December 31, 2023, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.
Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
Not applicable.
+Added: Table of Content s
Directors, Executive Officers and Corporate Governance
18 unchanged sentences
Information required by this item is incorporated herein by reference to the section captioned “Stock Information” in the Company’s Proxy Statement for the 2024 Annual Meeting of Shareholders.
+Added: Table of Content s
(c) Changes in Control
17 unchanged sentences
For information regarding the principal accountant fees and expenses, the section captioned “Item 2—Ratification of Selection of Independent Registered Public Accounting Firm” in the Company’s Proxy Statement for the 2024 Annual Meeting of Shareholders is incorporated herein by reference.
+Added: Table of Content s
Exhibits and Financial Statement Schedules
25 unchanged sentences
001-38589), filed with the Securities and Exchange Commission on August 18, 2021.
+Added: 4.4 Form of 7.00% Fixed-to-Floating Rate Subordinated Note due November 1, 2032
+Added: Incorporated herein by reference to Exhibit 4.1 of the Company’s Form 8-K (File No.
+Added: 001-38589), filed with the Securities and Exchange Commission on November 1, 2022.
+Added: Table of Content s
10.1+ 2006 Stock Option and Equity Compensation Plan
34 unchanged sentences
333-225715), filed with the Commission on June 19, 2018
+Added: Table of Content s
10.10 Lease Amendment 2.0 dated as of March 31, 2008, between certain persons and Coastal Community Bank
6 unchanged sentences
333-225715), filed with the Commission on June 19, 2018
−Removed: 10.12 Lease Amendment 4 .0 dated as of J anuary 31, 2023 , between certain persons and Coastal Community Bank
−Removed: Filed herewith
+Added: 10.12 Lease Amendment 4.0 dated as of January 31, 2023, between certain persons and Coastal Community Bank
+Added: Incorporated herein by reference to Exhibit 10.12 to the Company’s Annual Report on Form 10-K (File No.
+Added: 001-38589), filed with the Commission on March 16, 2023
10.13 Investment Agreement dated as of March 30, 2011, between Coastal Financial Corporation and Steven D.
22 unchanged sentences
001-38589), filed with the Securities and Exchange Commission on August 18, 2021.
+Added: Table of Content s
10.19 Form of Subordinated Note Purchase Agreement, dated as of November 1, 2022
18 unchanged sentences
Filed herewith
+Added: 97.1 Executive Compensation Clawback Policy
+Added: Filed herewith
101 The following materials from the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, formatted in inline XBRL (Extensible Business Reporting Language):
6 unchanged sentences
The Company hereby agrees to furnish copies of these instruments to the SEC upon request.
+Added: Table of Content s
Form 10-K Summary
3 unchanged sentences
Chief Executive Officer
+Added: Table of Content s
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
7 unchanged sentences
Christopher D.
−Removed: /s/ Andrew P.
−Removed: Skotdal Vice Chair of the Board March 15, 2023
−Removed: /s/ Pamela Unger Director March 15, 2023
−Removed: /s/ Rilla Delorier Director March 15, 2023
−Removed: Rilla Delorier
/s/ Steven D.
−Removed: Hovde Director March 15, 2023
+Added: Hovde Vice Chair of the Board March 14, 2024
+Added: /s/ Pamela R.
+Added: Unger Director March 14, 2024
+Added: Delorier Director March 14, 2024
/s/ Stephan Klee Director March 14, 2024
3 unchanged sentences
Sadhana Akella-Mishra
−Removed: /s/ Michael Patterson Director March 15, 2023
−Removed: Michael Patterson
+Added: /s/ Michael R.
+Added: Patterson Director March 14, 2024
/s/ Gregory A.
Tisdel Director March 14, 2024
+Added: Hamilton Director March 14, 2024
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.