Emilie Choi - 20 Nov 2021 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role
President
Signature
/s/ Emilie Choi, by Jolie Yang, Attorney-in-Fact
Issuer symbol
COIN
Transactions as of
20 Nov 2021
Net transactions value
-$3,796,391
Form type
4
Filing time
23 Nov 2021, 17:27:50 UTC
Previous filing
27 Oct 2021
Next filing
02 Dec 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 +23,025 +65% $0.000000 58,696 20 Nov 2021 Direct F1, F2
transaction COIN Class A Common Stock Tax liability $3,796,391 -11,416 -19% $332.55 47,280 20 Nov 2021 Direct F3
holding COIN Class A Common Stock 49,643 20 Nov 2021 By Starvurst Exempt Trust F4
holding COIN Class A Common Stock 60,000 20 Nov 2021 By Starvurst Annuity Trust F5
holding COIN Class A Common Stock 21,726 20 Nov 2021 By Coinbase Annuity Trust F6

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 Options Exercise $0 -23,025 -11% $0.000000 184,201 20 Nov 2021 Class A Common Stock 23,025 $0.000000 Direct F1, F7, F8, F9
* 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 Includes 15 shares acquired on October 29, 2021, pursuant to the Issuer's 2021 Employee Stock Purchase Plan.
F3 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.
F4 These shares are held by the Starvurst Exempt Trust, of which the Reporting Person's spouse is a co-trustee.
F5 These shares are held by the Starvurst Annuity Trust, of which the Reporting Person's spouse is the trustee.
F6 These shares are held by the Coinbase Annuity Trust, of which the Reporting Person's spouse is the trustee.
F7 Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F8 The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on February 20, 2021, until the award is fully vested on November 20, 2023, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F9 RSUs do not expire; they either vest or are canceled prior to vesting date.