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

Signature
/s/ Paul Grewal, by Jolie Yang, Attorney-in-Fact
Issuer symbol
COIN
Transactions as of
20 Nov 2021
Net transactions value
-$10,915,481
Form type
4
Filing time
23 Nov 2021, 17:36:20 UTC
Previous filing
10 Nov 2021
Next filing
11 Feb 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 +57,693 +1482% $0.000000 61,585 20 Nov 2021 Direct F1
transaction COIN Class A Common Stock Tax liability $9,512,593 -28,605 -46% $332.55 32,980 20 Nov 2021 Direct F2
transaction COIN Class A Common Stock Sale $82,763 -264 -0.8% $313.50 32,716 22 Nov 2021 Direct F3, F4
transaction COIN Class A Common Stock Sale $113,957 -362 -1.1% $314.80 32,354 22 Nov 2021 Direct F3, F5
transaction COIN Class A Common Stock Sale $139,116 -440 -1.4% $316.17 31,914 22 Nov 2021 Direct F3, F6
transaction COIN Class A Common Stock Sale $158,536 -500 -1.6% $317.07 31,414 22 Nov 2021 Direct F3, F7
transaction COIN Class A Common Stock Sale $200,291 -629 -2% $318.43 30,785 22 Nov 2021 Direct F3, F8
transaction COIN Class A Common Stock Sale $160,045 -500 -1.6% $320.09 30,285 22 Nov 2021 Direct F3, F9
transaction COIN Class A Common Stock Sale $79,648 -248 -0.82% $321.16 30,037 22 Nov 2021 Direct F3, F10
transaction COIN Class A Common Stock Sale $32,240 -100 -0.33% $322.40 29,937 22 Nov 2021 Direct F3
transaction COIN Class A Common Stock Sale $32,640 -100 -0.33% $326.40 29,837 22 Nov 2021 Direct F3
transaction COIN Class A Common Stock Sale $164,236 -500 -1.7% $328.47 29,337 22 Nov 2021 Direct F3, F11
transaction COIN Class A Common Stock Sale $68,061 -206 -0.7% $330.39 29,131 22 Nov 2021 Direct F3, F12
transaction COIN Class A Common Stock Sale $33,156 -100 -0.34% $331.56 29,031 22 Nov 2021 Direct F3
transaction COIN Class A Common Stock Sale $104,686 -314 -1.1% $333.40 28,717 22 Nov 2021 Direct F3, F13
transaction COIN Class A Common Stock Sale $33,514 -100 -0.35% $335.14 28,617 22 Nov 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 -57,693 -25% $0.000000 173,079 20 Nov 2021 Class A Common Stock 57,693 $0.000000 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.