Frederick Ernest Ehrsam III - Apr 23, 2024 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role
Director, More than 10% owner
Signature
/s/ Frederick Ernest Ehrsam III, by Lailey Rezai, Attorney-in-Fact
Stock symbol
COIN
Transactions as of
Apr 23, 2024
Transactions value $
-$3,806,176
Form type
4
Date filed
4/25/2024, 04:25 PM
Previous filing
Apr 19, 2024
Next filing
May 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction COIN Class A Common Stock +Conversion of derivative security $0 +16,380 $0.00 16,380 Apr 23, 2024 By The Frederick Ernest Ehrsam III Living Trust F1, F2, F3
transaction COIN Class A Common Stock -Sell -$113,142 -500 -3.05% $226.28 15,880 Apr 23, 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F4
transaction COIN Class A Common Stock -Sell -$159,169 -700 -4.41% $227.38 15,180 Apr 23, 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F5
transaction COIN Class A Common Stock -Sell -$185,136 -811 -5.34% $228.28 14,369 Apr 23, 2024 By The Frederick Ernest Ehrsam II Living Trust F2, F6
transaction COIN Class A Common Stock -Sell -$183,842 -800 -5.57% $229.80 13,569 Apr 23, 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F7
transaction COIN Class A Common Stock -Sell -$115,213 -500 -3.68% $230.43 13,069 Apr 23, 2024 By The Frederick Ernest Ehrsam Living Trust F2, F8
transaction COIN Class A Common Stock -Sell -$92,631 -400 -3.06% $231.58 12,669 Apr 23, 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F9
transaction COIN Class A Common Stock -Sell -$302,741 -1,300 -10.26% $232.88 11,369 Apr 23, 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F10
transaction COIN Class A Common Stock -Sell -$638,040 -2,726 -23.98% $234.06 8,643 Apr 23, 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F11
transaction COIN Class A Common Stock -Sell -$585,662 -2,491 -28.82% $235.11 6,152 Apr 23, 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F12
transaction COIN Class A Common Stock -Sell -$932,765 -3,952 -64.24% $236.02 2,200 Apr 23, 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F13
transaction COIN Classs A Common Stock -Sell -$402,651 -1,800 -81.82% $223.70 400 Apr 23, 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F14
transaction COIN Class A Common Stock -Sell -$71,324 -300 -75% $237.75 100 Apr 23, 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F15
transaction COIN Class A Common Stock -Sell -$23,861 -100 -100% $238.61 0 Apr 23, 2024 By The Frederick Ernest Ehrsam III Living Trust F2
holding COIN Class A Common Stock 4,662 Apr 23, 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction COIN Class B Common Stock -Conversion of derivative security $0 -16,830 -0.27% $0.00 6,283,252 Apr 23, 2024 Class A Common Stock 16,830 By The Frederick Ernest Ehrsam III Living Trust F1, F2, F3
holding COIN Class B Common Stock 601,637 Apr 23, 2024 Class A Common Stock 601,637 By The Brian Armstrong Legacy Trust F3, F16
holding COIN Class B Common Stock 2,719,574 Apr 23, 2024 Class A Common Stock 2,719,574 By The Armstrong 2014 Irrevocable Trust F3, F17
holding COIN Class B Common Stock 7,301,833 Apr 23, 2024 Class A Common Stock 7,301,833 By Brian Armstrong 2018 Irrevocable Trust F3, F18

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents the conversion of Class B Common Stock held of record by The Frederick Ernest Ehrsam III Living Trust into Class A Common Stock.
F2 The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 21, 2023, during an open trading window.
F3 Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
F4 Represents the weighted average sale price. The lowest price at which shares were sold was $225.77 and the highest price at which shares were sold was $226.71. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the ranges set forth in footnotes (4) through (15) to this Form 4.
F5 Represents the weighted average sale price. The lowest price at which shares were sold was $227.00 and the highest price at which shares were sold was $227.83.
F6 Represents the weighted average sale price. The lowest price at which shares were sold was $228.08 and the highest price at which shares were sold was $228.50.
F7 Represents the weighted average sale price. The lowest price at which shares were sold was $229.19 and the highest price at which shares were sold was $230.17.
F8 Represents the weighted average sale price. The lowest price at which shares were sold was $230.27 and the highest price at which shares were sold was $230.825.
F9 Represents the weighted average sale price. The lowest price at which shares were sold was $231.285 and the highest price at which shares were sold was $231.79.
F10 Represents the weighted average sale price. The lowest price at which shares were sold was $232.34 and the highest price at which shares were sold was $233.26.
F11 Represents the weighted average sale price. The lowest price at which shares were sold was $233.50 and the highest price at which shares were sold was $234.46.
F12 Represents the weighted average sale price. The lowest price at which shares were sold was $234.55 and the highest price at which shares were sold was $235.52.
F13 Represents the weighted average sale price. The lowest price at which shares were sold was $235.55 and the highest price at which shares were sold was $236.53.
F14 Represents the weighted average sale price. The lowest price at which shares were sold was $236.58 and the highest price at which shares were sold was $237.34.
F15 Represents the weighted average sale price. The lowest price at which shares were sold was $237.60 and the highest price at which shares were sold was $237.915.
F16 These shares are held by The Brian Armstrong Legacy Trust, of which the Reporting Person is trustee. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any.
F17 These shares are held by The Brian Armstrong 2014 Irrevocable Trust, of which the Reporting Person is trustee. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any.
F18 These shares are held by the Brian Armstrong 2018 Irrevocable Trust, of which the Reporting Person is trustee. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any.