Lawrence J. Brock - Dec 22, 2023 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role
Chief People Officer
Signature
/s/ Lawrence J. Brock, by Doug Sharp, Attorney-in-Fact
Stock symbol
COIN
Transactions as of
Dec 22, 2023
Transactions value $
-$16,483,380
Form type
4
Date filed
12/27/2023, 04:25 PM
Previous filing
Nov 28, 2023
Next filing
Feb 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COIN Class A Common Stock Options Exercise $1.87M +105K +944.78% $17.87* 116K Dec 22, 2023 Direct F1
transaction COIN Class A Common Stock Sale -$18.4M -105K -90.43% $175.20 11.1K Dec 22, 2023 Direct F1, F2

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 Employee Stock Option (right to buy) Options Exercise $0 -105K -80.12% $0.00 26K Dec 22, 2023 Class A Common Stock 105K $17.87 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 2, 2023, during an open trading window.
F2 Represents the weighted average sale price. The lowest price at which shares were sold was $175.00 and the highest price at which shares were sold was $175.70. The Reporting Person undertakes to provide upon request to the staff of the Securities Exchange Commission, the issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth herein.
F3 The options vested with respect to 1/4th of the total shares on February 25, 2020, and the remaining options vest in equal monthly installments thereafter until the options are fully vested on February 25, 2023, subject to the Reporting Person's continued service to the Issuer on each vesting date. The option contains an early-exercise provision and is exercisable as to unvested shares, subject to the Issuer's right of repurchase.