Jennifer N. Jones - 20 May 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
Issuer symbol
COIN
Transactions as of
20 May 2021
Net transactions value
-$455,445
Form type
4
Filing time
24 May 2021, 21:24:00 UTC
Next filing
24 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COIN Class A Common Stock Options Exercise $0 +2,518 +14% $0.000000 21,001 20 May 2021 Direct F1
transaction COIN Class A Common Stock Options Exercise $0 +1,567 +7.5% $0.000000 22,568 20 May 2021 Direct F1
transaction COIN Class A Common Stock Tax liability $455,445 -2,026 -9% $224.80 20,542 24 May 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 -2,518 -25% $0.000000 7,554 20 May 2021 Class A Common Stock 2,518 $0.000000 Direct F1, F3, F4, F5
transaction COIN Restricted Stock Units Options Exercise $0 -1,567 -25% $0.000000 4,701 20 May 2021 Class A Common 1,567 $0.000000 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.