Paul Grewal - 26 Feb 2024 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Signature
/s/ Paul Grewal, by Doug Sharp, Attorney-in-Fact
Issuer symbol
COIN
Transactions as of
26 Feb 2024
Net transactions value
-$7,096,875
Form type
4
Filing time
28 Feb 2024, 16:30:05 UTC
Previous filing
27 Mar 2024
Next filing
29 Feb 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COIN Class A Common Stock Options Exercise $919,100 +35,000 +48% $26.26 108,235 26 Feb 2024 Direct F1
transaction COIN Class A Common Stock Sale $135,019 -800 -0.74% $168.77 107,435 26 Feb 2024 Direct F1, F2
transaction COIN Class A Common Stock Sale $12,742 -75 -0.07% $169.90 107,360 26 Feb 2024 Direct F1
transaction COIN Class A Common Stock Sale $77,940 -453 -0.42% $172.05 106,907 26 Feb 2024 Direct F1, F3
transaction COIN Class A Common Stock Sale $85,504 -493 -0.46% $173.44 106,414 26 Feb 2024 Direct F1, F4
transaction COIN Class A Common Stock Sale $105,170 -600 -0.56% $175.28 105,814 26 Feb 2024 Direct F1, F5
transaction COIN Class A Common Stock Sale $176,543 -1,000 -0.95% $176.54 104,814 26 Feb 2024 Direct F1, F6
transaction COIN Class A Common Stock Sale $195,340 -1,100 -1% $177.58 103,714 26 Feb 2024 Direct F1, F7
transaction COIN Class A Common Stock Sale $77,825 -435 -0.42% $178.91 103,279 26 Feb 2024 Direct F1, F8
transaction COIN Class A Common Stock Sale $152,906 -849 -0.82% $180.10 102,430 26 Feb 2024 Direct F1, F9
transaction COIN Class A Common Stock Sale $72,667 -400 -0.39% $181.67 102,030 26 Feb 2024 Direct F1, F10
transaction COIN Classs A Common Stock Sale $288,258 -1,577 -1.5% $182.79 100,453 26 Feb 2024 Direct F1, F11
transaction COIN Class A Common Stock Sale $257,294 -1,400 -1.4% $183.78 99,053 26 Feb 2024 Direct F1, F12
transaction COIN Class A Common Stock Sale $203,175 -1,100 -1.1% $184.70 97,953 26 Feb 2024 Direct F1, F13
transaction COIN Class A Common Stock Sale $167,145 -900 -0.92% $185.72 97,053 26 Feb 2024 Direct F1, F14
transaction COIN Class A Common Stock Sale $114,739 -614 -0.63% $186.87 96,439 26 Feb 2024 Direct F1, F15
transaction COIN Class A Common Stock Sale $131,834 -700 -0.73% $188.33 95,739 26 Feb 2024 Direct F1, F16
transaction COIN Class A Common Stock Sale $292,438 -1,545 -1.6% $189.28 94,194 26 Feb 2024 Direct F1, F17
transaction COIN Class A Common Stock Sale $108,507 -571 -0.61% $190.03 93,623 26 Feb 2024 Direct F1, F18
transaction COIN Class A Common Stock Sale $170,058 -884 -0.94% $192.37 92,739 26 Feb 2024 Direct F1, F19
transaction COIN Class A Common Stock Sale $121,211 -627 -0.68% $193.32 92,112 26 Feb 2024 Direct F1, F20
transaction COIN Class A Common Stock Sale $5,026,506 -25,770 -28% $195.05 66,342 26 Feb 2024 Direct F1, F21
transaction COIN Class A Common Stock Sale $32,333 -165 -0.25% $195.96 66,177 26 Feb 2024 Direct F1, F22
transaction COIN Class A Common Stock Sale $10,820 -55 -0.08% $196.73 66,122 26 Feb 2024 Direct F1

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 -35,000 -8.9% $0.000000 356,722 26 Feb 2024 Class A Common Stock 35,000 $26.26 Direct F1, F23
* 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 August 23, 2023, during an open trading window.
F2 Represents the weighted average sale price. The lowest price at which shares were sold was $168.71 and the highest price at which shares were sold was $168.88. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the ranges set forth in footnotes (2) through (22) to this Form 4.
F3 Represents the weighted average sale price. The lowest price at which shares were sold was $171.43 and the highest price at which shares were sold was $172.40.
F4 Represents the weighted average sale price. The lowest price at which shares were sold was $173.06 and the highest price at which shares were sold was $173.79.
F5 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 $175.72.
F6 Represents the weighted average sale price. The lowest price at which shares were sold was $176.19 and the highest price at which shares were sold was $176.89.
F7 Represents the weighted average sale price. The lowest price at which shares were sold was $177.21 and the highest price at which shares were sold was $177.86.
F8 Represents the weighted average sale price. The lowest price at which shares were sold was $178.38 and the highest price at which shares were sold was $179.30.
F9 Represents the weighted average sale price. The lowest price at which shares were sold was $179.54 and the highest price at which shares were sold was $180.50.
F10 Represents the weighted average sale price. The lowest price at which shares were sold was $181.15 and the highest price at which shares were sold was $182.00.
F11 Represents the weighted average sale price. The lowest price at which shares were sold was $182.32 and the highest price at which shares were sold was $183.26.
F12 Represents the weighted average sale price. The lowest price at which shares were sold was $183.34 and the highest price at which shares were sold was $184.32.
F13 Represents the weighted average sale price. The lowest price at which shares were sold was $184.45 and the highest price at which shares were sold was $185.26.
F14 Represents the weighted average sale price. The lowest price at which shares were sold was $185.48 and the highest price at which shares were sold was $185.97.
F15 Represents the weighted average sale price. The lowest price at which shares were sold was $186.69 and the highest price at which shares were sold was $187.30.
F16 Represents the weighted average sale price. The lowest price at which shares were sold was $187.71 and the highest price at which shares were sold was $188.69.
F17 Represents the weighted average sale price. The lowest price at which shares were sold was $188.86 and the highest price at which shares were sold was $189.77.
F18 Represents the weighted average sale price. The lowest price at which shares were sold was $189.86 and the highest price at which shares were sold was $190.21.
F19 Represents the weighted average sale price. The lowest price at which shares were sold was $191.90 and the highest price at which shares were sold was $192.79.
F20 Represents the weighted average sale price. The lowest price at which shares were sold was $192.95 and the highest price at which shares were sold was $193.77.
F21 Represents the weighted average sale price. The lowest price at which shares were sold was $194.30 and the highest price at which shares were sold was $195.28.
F22 Represents the weighted average sale price. The lowest price at which shares were sold was $195.60 and the highest price at which shares were sold was $196.30.
F23 1/4 of the total shares underlying the option vested on August 31, 2021 and the remaining 3/4th of the shares underlying the option will vest in equal monthly installments thereafter until the option is fully vested on August 31, 2024, 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.