AI brief of an SEC Form 8-K · CoastalSouth Bancshares, Inc. (COSO)

CoastalSouth Bancshares authorizes $15 million share repurchase plan

Neutral Impact 3 of 5 shareholder Written later

CoastalSouth Bancshares, Inc. said its Board of Directors authorized a stock repurchase plan of up to $15 million of common stock. The plan takes effect May 1, 2026, and expires April 30, 2027 unless the Board extends it, and the company is not obligated to buy any set amount.

Key points

  • Aggregate repurchase authorization of up to $15 million of common stock under the 2026 Repurchase Plan
  • Plan effective May 1, 2026, and expires April 30, 2027, unless extended by the Board
  • Repurchases may be made in the open market, through accelerated share repurchase programs, in privately negotiated transactions, or under a Rule 10b5-1 trading plan
  • The Board may extend, modify, amend, suspend, or discontinue the plan at any time

The filing

CompanyCoastalSouth Bancshares, Inc. (COSO)
Form8-K, current report
Filed with the SECMay 1, 2026, 9:04 AM ET
Accession number0001193125-26-199469

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 01, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.