Frederick Ernest Ehrsam III - Nov 6, 2023 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role
Director, 10%+ Owner
Signature
/s/ Frederick Ernest Ehrsam III, 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, 09:36 PM
Previous filing
Jun 21, 2023
Next filing
Nov 27, 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 +5.16M +240.33% $0.00 7.3M Nov 6, 2023 Class A Common Stock 5.16M By Brian Armstrong 2018 Irrevocable Trust F1, F2, F3
holding COIN Class B Common Stock 2.72M Nov 6, 2023 Class A Common Stock 2.72M By The Armstrong 2014 Irrevocable Trust F1, F4
holding COIN Class B Common Stock 602K Nov 6, 2023 Class A Common Stock 602K By Brian Armstrong Legacy Trust F1, F5
holding COIN Class B Common Stock 6.41M Nov 6, 2023 Class A Common Stock 6.41M By The Frederick Ernest Ehrsam III Living Trust F1, F6
holding COIN Class B Common Stock 2.39M Nov 6, 2023 Class A Common Stock 2.39M By The Frederick Ernest Ehrsam III 2020 Grantor Retained Annuity Trust F1, F7
* 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 5,156,301 shares of Class B Common Stock from the Brian Armstrong 2020 Grantor Retained Annuity Trust ("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 long-term estate planning.
F3 These shares are held by the Brian Armstrong 2018 Irrevocable Trust, of which the Reporting Person is trustee. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any.
F4 These shares are held by The Brian Armstrong 2014 Irrevocable Trust, of which the Reporting Person is trustee. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any.
F5 These shares are held by The Brian Armstrong Legacy Trust, of which the Reporting Person is trustee. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any.
F6 The Reporting Person is the trustee of The Frederick Ernest Ehrsam III Living Trust. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any.
F7 These shares are held by The Frederick Ernest Ehrsam III 2020 Grantor Retained Annuity Trust, of with the Reporting Person is trustee. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any.