Surojit Chatterjee - Nov 8, 2021 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Signature
/s/ Surojit Chatterjee, by Jolie Yang, Attorney-in-Fact
Stock symbol
COIN
Transactions as of
Nov 8, 2021
Transactions value $
-$6,731,558
Form type
4
Date filed
11/10/2021, 05:31 PM
Previous filing
Nov 4, 2021
Next filing
Dec 6, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COIN Class A Common Stock Options Exercise $374K +20K +23809.52% $18.71* 20.1K Nov 8, 2021 Direct F1
transaction COIN Class A Common Stock Sale -$7.11M -20K -99.58% $355.29 84 Nov 8, 2021 Direct F1, F2
holding COIN Class A Common Stock 5.34K Nov 8, 2021 By The Chatterjee Family Revocable Trust F3

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 -20K -1.15% $0.00 1.72M Nov 8, 2021 Class A Common Stock 20K $18.71 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 1, 2021, during an open trading window.
F2 Represents the weighted average sale price. The lowest price at which shares were sold was $355 and the highest price at which shares were sold was $355.895. 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 range set forth in this footnote.
F3 These shares are held of record by The Chatterjee Family Revocable Trust, of which the Reporting Person and the Reporting Person's spouse are co-trustees. The Reporting Person disclaims beneficial ownership of the shares owned by The Chatterjee Family Revocable Trust, except to the extent of his pecuniary interest therein, if any.
F4 The total number of shares subject to the option is 2,002,036, of which 5,344 options have been exercised. The option vested with respect to 1/4th of the total shares underlying the option on February 3, 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 February 3, 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.