Brian Armstrong - Nov 6, 2023 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role
Chairman and CEO, Director, 10%+ Owner
Signature
/s/ Brian Armstrong, by Doug Sharp, Attorney-in-Fact
Stock symbol
COIN
Transactions as of
Nov 6, 2023
Transactions value $
$0
Form type
4
Date filed
11/8/2023, 09:35 PM
Previous filing
Aug 3, 2023
Next filing
Nov 20, 2023

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 Class B Common Stock Gift $0 -1M -16.29% $0.00 5.16M Nov 6, 2023 Class A Common Stock 1M By The Brian Armstrong 2020 Grantor Retained Annuity Trust F1, F2
transaction COIN Class B Common Stock Gift $0 -5.16M -100% $0.00* 0 Nov 6, 2023 Class A Common Stock 5.16M By The Brian Armstrong 2020 Grantor Retained Annuity Trust F1, F3
transaction COIN Class B Common Stock Gift $0 +1M +3.89% $0.00 26.8M Nov 6, 2023 Class A Common Stock 1M By the Brian Armstrong Living Trust F1, F2
holding COIN Class B Common Stock 950K Nov 6, 2023 Class A Common Stock 950K The Ehrsam 2014 Irrevocable Trust F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
F2 Reflects the transfer on November 6, 2023 of 1,003,282 shares of Class B Common Stock from The Brian Armstrong 2020 Grantor Retained Annuity Trust ("GRAT") to The Brian Armstrong Living Trust in satisfaction of a GRAT annuity payment. The GRAT annuity payment reflected on this Form was entered into in connection with the Reporting Person's long-term estate planning.
F3 Reflects the transfer on November 6, 2023 of 5,156,301 shares of Class B Common Stock from the GRAT to The Brian Armstrong 2018 Irrevocable Trust in satisfaction of a GRAT annuity payment. The GRAT annuity payment reflected on this Form was entered into in connection with the Reporting Person's long-term estate planning.