Jennifer N. Jones - 11 Aug 2021 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role
Chief Accounting Officer
Signature
/s/ Jennifer N. Jones, by Jolie Yang, Attorney-in-Fact
Issuer symbol
COIN
Transactions as of
11 Aug 2021
Net transactions value
-$380,552
Form type
4
Filing time
24 Aug 2021, 18:46:09 UTC
Previous filing
24 May 2021
Next filing
16 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COIN Class A Common Stock Options Exercise $0 +1,259 +6.8% $0.000000 19,742 20 Aug 2021 Direct F1
transaction COIN Class A Common Stock Options Exercise $0 +784 +4% $0.000000 20,526 20 Aug 2021 Direct F1
transaction COIN Class A Common Stock Options Exercise $0 +1,045 +5.1% $0.000000 21,571 20 Aug 2021 Direct F1
transaction COIN Class A Common Stock Tax liability $155,150 -625 -2.9% $248.24 20,946 24 Aug 2021 Direct F2
transaction COIN Class A Common Stock Tax liability $96,565 -389 -1.9% $248.24 20,557 24 Aug 2021 Direct F2
transaction COIN Class A Common Stock Tax liability $128,837 -519 -2.5% $248.24 20,038 24 Aug 2021 Direct 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 Restricted Stock Units Award $0 +2,090 $0.000000 2,090 11 Aug 2021 Class A Common Stock 2,090 $0.000000 Direct F3, F4, F5
transaction COIN Restricted Stock Units Options Exercise $0 -1,259 -17% $0.000000 6,295 20 Aug 2021 Class A Common Stock 1,259 $0.000000 Direct F1, F3, F5, F6
transaction COIN Restricted Stock Units Options Exercise $0 -784 -17% $0.000000 3,917 20 Aug 2021 Class A Common 784 $0.000000 Direct F1, F3, F5, F6
transaction COIN Restricted Stock Units Options Exercise $0 -1,045 -50% $0.000000 1,045 20 Aug 2021 Class A Common Stock 1,045 $0.000000 Direct F1, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
F2 Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs.
F3 Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F4 The RSUs vest with respect to 50% of the total award on August 20, 2021, and the remaining 50% of the award vests on November 20, 2021, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F5 RSUs do not expire; they either vest or are canceled prior to vesting date.
F6 The RSUs vest with respect to 25% of the total award on May 20, 2021, and an additional 12.5% of the award vests each quarter thereafter until the award is fully vested on November 20, 2022, subject to the Reporting Person's continued service to the Issuer on each vesting date.