Marc L. Andreessen - Jan 2, 2024 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role
Director
Signature
/s/ Doug Sharp, Attorney-in-Fact for Marc L. Andreessen
Stock symbol
COIN
Transactions as of
Jan 2, 2024
Transactions value $
-$5,571,771
Form type
4
Date filed
1/4/2024, 07:08 PM
Previous filing
Dec 15, 2023
Next filing
Mar 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COIN Class A Common Stock Sale -$312K -2K -5.88% $155.99 32K Jan 2, 2024 By AH Capital Management, L.L.C. F1, F2, F3, F4
transaction COIN Class A Common Stock Sale -$624K -3.97K -12.41% $157.10 28K Jan 2, 2024 By AH Capital Management, L.L.C. F1, F4, F5
transaction COIN Class A Common Stock Sale -$190K -1.2K -4.28% $158.16 26.8K Jan 2, 2024 By AH Capital Management, L.L.C. F1, F4, F6
transaction COIN Class A Common Stock Sale -$271K -1.7K -6.34% $159.22 25.1K Jan 2, 2024 By AH Capital Management, L.L.C. F1, F4, F7
transaction COIN Class A Common Stock Sale -$80.1K -500 -1.99% $160.13 24.6K Jan 2, 2024 By AH Capital Management, L.L.C. F1, F4, F8
transaction COIN Class A Common Stock Sale -$162K -1K -4.06% $161.88 23.6K Jan 2, 2024 By AH Capital Management, L.L.C. F1, F4, F9
transaction COIN Class A Common Stock Sale -$512K -3.15K -13.32% $162.65 20.5K Jan 2, 2024 By AH Capital Management, L.L.C. F1, F4, F10
transaction COIN Class A Common Stock Sale -$801K -4.89K -23.9% $163.72 15.6K Jan 2, 2024 By AH Capital Management, L.L.C. F1, F4, F11
transaction COIN Class A Common Stock Sale -$682K -4.14K -26.55% $164.75 11.4K Jan 2, 2024 By AH Capital Management, L.L.C. F1, F4, F12
transaction COIN Class A Common Stock Sale -$496K -2.99K -26.16% $165.81 8.45K Jan 2, 2024 By AH Capital Management, L.L.C. F1, F4, F13
transaction COIN Class A Common Stock Sale -$348K -2.08K -24.66% $166.81 6.37K Jan 2, 2024 By AH Capital Management, L.L.C. F1, F4, F14
transaction COIN Class A Common Stock Sale -$117K -700 -10.99% $167.82 5.67K Jan 2, 2024 By AH Capital Management, L.L.C. F1, F4, F15
transaction COIN Class A Common Stock Sale -$70.1K -415 -7.32% $168.80 5.25K Jan 2, 2024 By AH Capital Management, L.L.C. F1, F4, F16
transaction COIN Class A Common Stock Sale -$90.5K -533 -10.15% $169.82 4.72K Jan 2, 2024 By AH Capital Management, L.L.C. F1, F4, F17
transaction COIN Class A Common Stock Sale -$85.6K -500 -10.6% $171.20 4.22K Jan 2, 2024 By AH Capital Management, L.L.C. F1, F4, F18
transaction COIN Class A Common Stock Sale -$283K -1.63K -38.73% $172.90 2.59K Jan 2, 2024 By AH Capital Management, L.L.C. F1, F4, F19
transaction COIN Class A Common Stock Sale -$397K -2.29K -88.39% $173.57 300 Jan 2, 2024 By AH Capital Management, L.L.C. F1, F4, F20
transaction COIN Class A Common Stock Sale -$52.4K -300 -100% $174.51 0 Jan 2, 2024 By AH Capital Management, L.L.C. F1, F4, F21
holding COIN Class A Common Stock 1.07M Jan 2, 2024 By Trust F22, F23
holding COIN Class A Common Stock 2.26M Jan 2, 2024 By Andreessen Horowitz LSV Fund I, L.P. F24
holding COIN Class A Common Stock 2.57K Jan 2, 2024 By AD Holdings, LLC F25
* 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 This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by AH Capital Management, L.L.C. ("AH Capital") on December 1, 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $155.52 to $156.45 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 33,992 shares held prior to the transactions reported herein reflect the receipt of shares by AH Capital pursuant to the pro rata distributions in kind of all shares previously held of record by a16z Seed-III, LLC ("a16z Seed"), Andreessen Horowitz Fund III, L.P., for itself and as nominee ("AH Fund III"), and AH Parallel Fund III, L.P., for itself and as nominee ("Parallel III"), to their respective members, general partners and limited partners, for no additional consideration, and the further pro rata distribution in kind by the general partners of AH Fund III and Parallel III, for no additional consideration, to their respective members, including AH Capital. The distribution of such shares constituted a change in the Reporting Person's form of ownership, which was exempt from reporting pursuant to Rule 16a-13.
F4 These shares are held of record by AH Capital. The members of AH Capital are the Reporting Person and Benjamin Horowitz, who share voting and dispositive power with respect to the shares held by AH Capital. The Reporting Person disclaims the existence of a "group" and disclaims beneficial ownership of the securities held by AH Capital and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities, except to the extent of his pecuniary interest therein, if any.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $156.72 to $157.70 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $157.76 to $158.57 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $158.79 to $159.75 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $160.00 to $160.40 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $161.15 to $162.14 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $162.25 to $163.16 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $163.26 to $164.22 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $164.27 to $165.26 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $165.29 to $166.26 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F14 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $166.38 to $167.27 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F15 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $167.41 to $168.13 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F16 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $168.47 to $169.38 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F17 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $169.48 to $170.39 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F18 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $170.74 to $171.66 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F19 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $172.13 to $173.08 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F20 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $173.24 to $174.20 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F21 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $174.39 to $174.72 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F22 Includes 860,667 shares received by the LAMA Community Trust ("LAMA") pursuant to the pro rata distributions in kind of all shares previously held of record by a16z Seed, AH Fund III and Parallel III to their respective members, general partners and limited partners, including LAMA, for no additional consideration, and the further pro rata distribution in kind by the general partners of AH Fund III and Parallel III, for no additional consideration, to their respective members, including LAMA. The distribution of such shares constituted a change in the Reporting Person's form of ownership, which was exempt from reporting pursuant to Rule 16a-13.
F23 These securities are held of record by LAMA of which the Reporting Person and his spouse are trustees.
F24 These securities are held of record by Andreessen Horowitz LSV Fund I, L.P., for itself and as nominee for Andreessen Horowitz LSV Fund I-B, L.P. and Andreessen Horowitz LSV Fund I-Q, L.P. (collectively, the "AH LSV Fund I Entities"). AH Equity Partners LSV I, L.L.C. ("AH EP LSV I"), the general partner of the AH LSV Fund I Entities, has sole voting and dispositive power with regard to the shares held by the AH LSV Fund I Entities. The Reporting Person and Ben Horowitz are the managing members of AH EP LSV I and share voting and dispositive power with respect to the shares held by the AH LSV Fund I Entities. The Reporting Person disclaims the existence of a "group" and disclaims beneficial ownership of the securities held by the AH LSV Fund I Entities and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities, except to the extent of his pecuniary interest therein, if any.
F25 These securities are held of record by AD Holdings, LLC, of which the Reporting Person is a manager. The Reporting Person disclaims the existence of a "group" and disclaims beneficial ownership of the securities held by AD Holdings, LLC and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities, except to the extent of his pecuniary interest therein, if any.