Brian Armstrong - 06 Nov 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
Issuer symbol
COIN
Transactions as of
06 Nov 2023
Net transactions value
$0
Form type
4
Filing time
08 Nov 2023, 21:35:30 UTC
Previous filing
03 Aug 2023
Next filing
20 Nov 2023
SEC
View on sec.gov

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 -1,003,282 -16% $0.000000 5,156,301 06 Nov 2023 Class A Common Stock 1,003,282 By The Brian Armstrong 2020 Grantor Retained Annuity Trust F1, F2
transaction COIN Class B Common Stock Gift $0 -5,156,301 -100% $0.000000* 0 06 Nov 2023 Class A Common Stock 5,156,301 By The Brian Armstrong 2020 Grantor Retained Annuity Trust F1, F3
transaction COIN Class B Common Stock Gift $0 +1,003,282 +3.9% $0.000000 26,806,225 06 Nov 2023 Class A Common Stock 1,003,282 By the Brian Armstrong Living Trust F1, F2
holding COIN Class B Common Stock 950,490 06 Nov 2023 Class A Common Stock 950,490 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.