Jennifer N. Jones - Aug 20, 2023 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Signature
/s/ Jennifer N. Jones, by Doug Sharp, Attorney-in-Fact
Stock symbol
COIN
Transactions as of
Aug 20, 2023
Transactions value $
-$122,959
Form type
4
Date filed
8/22/2023, 04:19 PM
Previous filing
Jul 17, 2023
Next filing
Aug 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COIN Class A Common Stock Options Exercise $0 +723 +2.64% $0.00 28.1K Aug 20, 2023 Direct F1
transaction COIN Class A Common Stock Options Exercise $0 +776 +2.76% $0.00 28.9K Aug 20, 2023 Direct F1
transaction COIN Class A Common Stock Options Exercise $0 +1.26K +4.35% $0.00 30.2K Aug 20, 2023 Direct F1
transaction COIN Class A Common Stock Options Exercise $0 +628 +2.08% $0.00 30.8K Aug 20, 2023 Direct F1
transaction COIN Class A Common Stock Tax liability -$123K -1.68K -5.45% $73.19 29.1K Aug 20, 2023 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 -723 -16.66% $0.00 3.62K Aug 20, 2023 Class A Common Stock Stock 723 $0.00 Direct F1, F3, F4, F5
transaction COIN Restricted Stock Units Options Exercise $0 -776 -49.97% $0.00 777 Aug 20, 2023 Class A Common Stock 776 $0.00 Direct F1, F3, F5, F6
transaction COIN Restricted Stock Units Options Exercise $0 -1.26K -10.01% $0.00 11.3K Aug 20, 2023 Class A Common Stock 1.26K $0.00 Direct F1, F3, F5, F7
transaction COIN Restricted Stock Units Options Exercise $0 -628 -10% $0.00 5.65K Aug 20, 2023 Class A Common Stock 628 $0.00 Direct F1, F3, F5, F8
* 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 upon settlement.
F4 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.
F5 RSUs do not expire; they either vest or are canceled prior to vesting date.
F6 The RSUs vest with respect to 1/3 of the total award on May 20, 2022, an additional 1/6 of the award vests on August 20, 2022 and November 20, 2022, and the remaining award vests in equal 1/12 quarterly installments thereafter 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 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.
F8 The RSUs vest in equal quarterly installments, with the first 1/11 vesting on May 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.