Frederick Ernest Ehrsam III - 27 Nov 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
Issuer symbol
COIN
Transactions as of
27 Nov 2023
Net transactions value
$0
Form type
4
Filing time
29 Nov 2023, 16:28:22 UTC
Previous filing
27 Nov 2023
Next filing
05 Dec 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 -288,788 -12% $0.000000 2,100,704 27 Nov 2023 Class A Common Stock 288,788 $0.000000 By The Frederick Ernest Ehrsam III 2020 Grantor Retained Annuity Trust F1, F2, F3
transaction COIN Class B Common Stock Gift $0 +288,788 +4.5% $0.000000 6,699,346 27 Nov 2023 Class A Common Stock 288,788 $0.000000 By The Frederick Ernest Ehrsam III Living Trust F1, F2, F4
transaction COIN Class B Common Stock Gift $0 -2,100,704 -100% $0.000000* 0 27 Nov 2023 Class A Common Stock 2,100,704 $0.000000 By The Frederick Ernest Ehrsam III 2020 Grantor Retained Annuity Trust F1, F3, F5
holding COIN Class B Common Stock 601,637 27 Nov 2023 Class A Common Stock 601,637 $0.000000 By Brian Armstrong Legacy Trust F1, F6
holding COIN Class B Common Stock 2,719,574 27 Nov 2023 Class A Common Stock 2,719,574 $0.000000 By The Armstrong 2014 Irrevocable Trust F1, F7
holding COIN Class B Common Stock 7,301,833 27 Nov 2023 Class A Common Stock 7,301,833 $0.000000 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.