Emilie Choi - May 20, 2021 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role
President
Signature
/s/ Emilie Choi, by Doug Sharp, Attorney-in-Fact
Stock symbol
COIN
Transactions as of
May 20, 2021
Transactions value $
-$5,132,634
Form type
4
Date filed
5/24/2021, 09:20 PM
Previous filing
May 14, 2021
Next filing
May 28, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COIN Class A Common Stock Options Exercise $0 +46.1K +115.21% $0.00 86K May 20, 2021 Direct F1
transaction COIN Class A Common Stock Tax liability -$5.13M -22.8K -26.54% $224.80 63.2K May 24, 2021 Direct F2
holding COIN Class A Common Stock 74.1K May 20, 2021 By Starvurst Exempt Trust F3
holding COIN Class A Common Stock 60K May 20, 2021 By Starvurst Annuity Trust F4

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 Restricted Stock Units Options Exercise $0 -46.1K -16.67% $0.00 230K May 20, 2021 Class A Common Stock 46.1K $0.00 Direct F1, F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
F2 Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs.
F3 These shares are held by the Starvurst Exempt Trust, of which the Reporting Person's spouse is a co-trustee.
F4 These shares are held by the Starvurst Annuity Trust, of which the Reporting Person's spouse is the trustee.
F5 Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F6 The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on February 20, 2021, until the award is fully vested on November 20, 2023, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F7 RSUs do not expire; they either vest or are canceled prior to vesting date.