Jennifer N. Jones - May 20, 2021 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role
Chief Accounting Officer
Signature
/s/ Jennifer N. Jones, by Doug Sharp, Attorney-in-Fact
Stock symbol
COIN
Transactions as of
May 20, 2021
Transactions value $
-$455,445
Form type
4
Date filed
5/24/2021, 09:24 PM
Next filing
Aug 24, 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 +2.52K +13.62% $0.00 21K May 20, 2021 Direct F1
transaction COIN Class A Common Stock Options Exercise $0 +1.57K +7.46% $0.00 22.6K May 20, 2021 Direct F1
transaction COIN Class A Common Stock Tax liability -$455K -2.03K -8.98% $224.80 20.5K May 24, 2021 Direct F2

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 -2.52K -25% $0.00 7.55K May 20, 2021 Class A Common Stock 2.52K $0.00 Direct F1, F3, F4, F5
transaction COIN Restricted Stock Units Options Exercise $0 -1.57K -25% $0.00 4.7K May 20, 2021 Class A Common 1.57K $0.00 Direct F1, F3, F4, F5
* 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 Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F4 The RSUs vest with respect to 25% of the total award on May 20, 2021, and an additional 12.5% of the award vests each quarter thereafter until the award is fully vested on November 20, 2022, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F5 RSUs do not expire; they either vest or are canceled prior to vesting date.