Frederick Ernest Ehrsam III - Nov 27, 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 27, 2023
Transactions value $: $0
Form type: 4
Date filed: 11/29/2023, 04:28 PM
Previous filing: Nov 27, 2023
Next filing: Dec 5, 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	-289K	-12.09%	$0.00	2.1M	Nov 27, 2023	Class A Common Stock	289K	$0.00	By The Frederick Ernest Ehrsam III 2020 Grantor Retained Annuity Trust	F1, F2, F3
transaction	COIN	Class B Common Stock	Gift	$0	+289K	+4.5%	$0.00	6.7M	Nov 27, 2023	Class A Common Stock	289K	$0.00	By The Frederick Ernest Ehrsam III Living Trust	F1, F2, F4
transaction	COIN	Class B Common Stock	Gift	$0	-2.1M	-100%	$0.00^*	0	Nov 27, 2023	Class A Common Stock	2.1M	$0.00	By The Frederick Ernest Ehrsam III 2020 Grantor Retained Annuity Trust	F1, F3, F5
holding	COIN	Class B Common Stock						602K	Nov 27, 2023	Class A Common Stock	602K	$0.00	By Brian Armstrong Legacy Trust	F1, F6
holding	COIN	Class B Common Stock						2.72M	Nov 27, 2023	Class A Common Stock	2.72M	$0.00	By The Armstrong 2014 Irrevocable Trust	F1, F7
holding	COIN	Class B Common Stock						7.3M	Nov 27, 2023	Class A Common Stock	7.3M	$0.00	By The Armstrong 2018 Irrevocable Trsut	F1, F8

* 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 27, 2023, of 288,788 shares of Class B Common Stock from The Frederick Ernest Ehrsam III 2020 Grantor Retained Annuity Trust ("GRAT") to the Frederick Ernest Ehrsam III Living 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 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.
F4	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.
F5	Reflects the transfer on November 27, 2023, of 2,100,704 shares of Class B Common Stock from the GRAT to The Ehrsam 2014 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.
F6	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.
F7	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.
F8	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.