Brian Armstrong - 18 Nov 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
Issuer symbol
COIN
Transactions as of
18 Nov 2021
Net transactions value
$0
Form type
4
Filing time
02 Dec 2021, 17:43:46 UTC
Next filing
14 Feb 2022
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 Gift $0 -271,000 -90% $0.000000 29,358 30 Nov 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 -2,215,422 -100% $0.000000* 0 18 Nov 2021 Class A Common Stock 2,215,422 By The Brian Armstrong 2018 Grantor Retained Annuity Trust F2, F3
transaction COIN Class B Common Stock Gift $0 -180,747 -2.3% $0.000000 7,546,045 18 Nov 2021 Class A Common Stock 180,747 By The Brian Armstrong 2020 Grantor Retained Annuity Trust F2, F3
transaction COIN Class B Common Stock Gift $0 +250,637 +1% $0.000000 25,159,766 18 Nov 2021 Class A Common Stock 250,637 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.