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

Signature
/s/ Paul Grewal, by Jolie Yang, Attorney-in-Fact
Stock symbol
COIN
Transactions as of
Nov 20, 2021
Transactions value $
-$10,915,481
Form type
4
Date filed
11/23/2021, 05:36 PM
Previous filing
Nov 10, 2021
Next filing
Feb 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COIN Class A Common Stock Options Exercise $0 +57.7K +1482.35% $0.00 61.6K Nov 20, 2021 Direct F1
transaction COIN Class A Common Stock Tax liability -$9.51M -28.6K -46.45% $332.55 33K Nov 20, 2021 Direct F2
transaction COIN Class A Common Stock Sale -$82.8K -264 -0.8% $313.50 32.7K Nov 22, 2021 Direct F3, F4
transaction COIN Class A Common Stock Sale -$114K -362 -1.11% $314.80 32.4K Nov 22, 2021 Direct F3, F5
transaction COIN Class A Common Stock Sale -$139K -440 -1.36% $316.17 31.9K Nov 22, 2021 Direct F3, F6
transaction COIN Class A Common Stock Sale -$159K -500 -1.57% $317.07 31.4K Nov 22, 2021 Direct F3, F7
transaction COIN Class A Common Stock Sale -$200K -629 -2% $318.43 30.8K Nov 22, 2021 Direct F3, F8
transaction COIN Class A Common Stock Sale -$160K -500 -1.62% $320.09 30.3K Nov 22, 2021 Direct F3, F9
transaction COIN Class A Common Stock Sale -$79.6K -248 -0.82% $321.16 30K Nov 22, 2021 Direct F3, F10
transaction COIN Class A Common Stock Sale -$32.2K -100 -0.33% $322.40 29.9K Nov 22, 2021 Direct F3
transaction COIN Class A Common Stock Sale -$32.6K -100 -0.33% $326.40 29.8K Nov 22, 2021 Direct F3
transaction COIN Class A Common Stock Sale -$164K -500 -1.68% $328.47 29.3K Nov 22, 2021 Direct F3, F11
transaction COIN Class A Common Stock Sale -$68.1K -206 -0.7% $330.39 29.1K Nov 22, 2021 Direct F3, F12
transaction COIN Class A Common Stock Sale -$33.2K -100 -0.34% $331.56 29K Nov 22, 2021 Direct F3
transaction COIN Class A Common Stock Sale -$105K -314 -1.08% $333.40 28.7K Nov 22, 2021 Direct F3, F13
transaction COIN Class A Common Stock Sale -$33.5K -100 -0.35% $335.14 28.6K Nov 22, 2021 Direct 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 Restricted Stock Units Options Exercise $0 -57.7K -25% $0.00 173K Nov 20, 2021 Class A Common Stock 57.7K $0.00 Direct F1, F14, F15, F16
* 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 The sales 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.
F4 Represents the weighted average sale price. The lowest price at which shares were sold was $313.36 and the highest price at which shares were sold was $313.62. 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 (4) to (13) to this Form 4.
F5 Represents the weighted average sale price. The lowest price at which shares were sold was $314.43 and the highest price at which shares were sold was $315.25.
F6 Represents the weighted average sale price. The lowest price at which shares were sold was $315.60 and the highest price at which shares were sold was $316.49.
F7 Represents the weighted average sale price. The lowest price at which shares were sold was $316.70 and the highest price at which shares were sold was $317.31.
F8 Represents the weighted average sale price. The lowest price at which shares were sold was $318 and the highest price at which shares were sold was $318.78.
F9 Represents the weighted average sale price. The lowest price at which shares were sold was $319.67 and the highest price at which shares were sold was $320.45.
F10 Represents the weighted average sale price. The lowest price at which shares were sold was $320.96 and the highest price at which shares were sold was $321.39.
F11 Represents the weighted average sale price. The lowest price at which shares were sold was $328.10 and the highest price at which shares were sold was $328.90.
F12 Represents the weighted average sale price. The lowest price at which shares were sold was $329.83 and the highest price at which shares were sold was $330.59.
F13 Represents the weighted average sale price. The lowest price at which shares were sold was $333.15 and the highest price at which shares were sold was $333.71.
F14 Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F15 The restricted stock units ("RSUs") vest with respect to 1/4th of the total shares underlying the award on November 20, 2021, and the remaining 3/4th of the shares underlying the award vest in equal quarterly installments thereafter until the award is fully vested on November 20, 2024, subject to the continued service of the Reporting Person to the Issuer on each vesting date.
F16 RSUs do not expire; they either vest or are canceled prior to vesting date.