Emilie Choi - 20 Aug 2023 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role
President
Signature
/s/ Emilie Choi, by Doug Sharp, Attorney-in-Fact
Issuer symbol
COIN
Transactions as of
20 Aug 2023
Net transactions value
-$1,396,319
Form type
4
Filing time
22 Aug 2023, 16:17:32 UTC
Previous filing
22 Aug 2023
Next filing
22 Nov 2023
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 +23,025 +13% $0.000000 198,810 20 Aug 2023 Direct F1
transaction COIN Class A Common Stock Options Exercise $0 +4,286 +2.2% $0.000000 203,096 20 Aug 2023 Direct F1
transaction COIN Class A Common Stock Options Exercise $0 +11,167 +5.5% $0.000000 214,263 20 Aug 2023 Direct F1
transaction COIN Class A Common Stock Tax liability $1,396,319 -19,078 -8.9% $73.19 195,185 20 Aug 2023 Direct F2
holding COIN Class A Common Stock 49,643 20 Aug 2023 By Starvurst Exempt Trust F3
holding COIN Class A Common Stock 21,726 20 Aug 2023 By Sixers LLC F4
holding COIN Class A Common Stock 23,199 20 Aug 2023 By Starvurst Non-Exempt Trust F5

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 -23,025 -50% $0.000000 23,025 20 Aug 2023 Class A Common Stock Stock 23,025 $0.000000 Direct F1, F6, F7, F8
transaction COIN Restricted Stock Units Options Exercise $0 -4,286 -17% $0.000000 21,429 20 Aug 2023 Class A Common Stock 4,286 $0.000000 Direct F1, F6, F8, F9
transaction COIN Restricted Stock Units Options Exercise $0 -11,167 -10% $0.000000 100,495 20 Aug 2023 Class A Common Stock 11,167 $0.000000 Direct F1, F6, F8, F10
* 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. The Reporting Person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein, if any.
F4 These shares are held by Sixers LLC, of which the Coinbase Annuity Trust is the sole member. The Reporting Person's spouse is the trustee of the Coinbase Annuity Trust. The Reporting Person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein, if any.
F5 These shares are held by the Starvurst Non-Exempt Trust, of which the Reporting Person's spouse is a co-trustee. The Reporting Person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein, if any.
F6 Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement.
F7 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.
F8 RSUs do not expire; they either vest or are canceled prior to vesting date.
F9 The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on February 20, 2022, until the award is fully vested on November 20, 2024, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F10 The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on February 20, 2023, until the award is fully vested on November 20, 2025, subject to the Reporting Person's continued service to the Issuer on each vesting date.

Remarks:

The amount of securities beneficially owned by the Reporting Person following the transactions reported in the first four lines of Table I, Column 5 of Form 4 filed on May 23, 2023 were overstated by ten shares.