Brian Armstrong - Nov 18, 2021 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role
Chairman and CEO, Director, 10%+ Owner
Signature
/s/ Brian Armstrong, by Jolie Yang, Attorney-in-Fact
Stock symbol
COIN
Transactions as of
Nov 18, 2021
Transactions value $
$0
Form type
4
Date filed
12/2/2021, 05:43 PM
Next filing
Feb 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COIN Class A Common Stock Gift $0 -271K -90.23% $0.00 29.4K Nov 30, 2021 By The Brian Armstrong Living Trust F1

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 Class B Common Stock Gift $0 -2.22M -100% $0.00* 0 Nov 18, 2021 Class A Common Stock 2.22M By The Brian Armstrong 2018 Grantor Retained Annuity Trust F2, F3
transaction COIN Class B Common Stock Gift $0 -181K -2.34% $0.00 7.55M Nov 18, 2021 Class A Common Stock 181K By The Brian Armstrong 2020 Grantor Retained Annuity Trust F2, F3
transaction COIN Class B Common Stock Gift $0 +251K +1.01% $0.00 25.2M Nov 18, 2021 Class A Common Stock 251K By The Brian Armstrong Living Trust F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects a bona fide charitable gift made by the Reporting Person.
F2 Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
F3 Reflects the transfer on November 18, 2021, of (i) 2,145,532 shares of Class B Common Stock from the Brian Armstrong 2018 Grantor Retained Annuity Trust ("2018 GRAT") to the Brian Armstrong 2018 Irrevocable Trust (ii) 69,890 shares of Class B Common Stock from the 2018 GRAT to the Brian Armstrong Living Trust and (iii) 180,747 shares of Class B Common Stock from the Brian Armstrong Grantor Retained Annuity Trust ("2020 GRAT") to the Brian Armstrong Living Trust in satisfaction of GRAT annuity payments owed to the reporting person. The GRAT annuity payments reflected on this Form were entered into in connection with the Reporting Person's long-term estate planning.