Frederick Ernest Ehrsam III - 01 Dec 2021 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role
Director
Signature
/s/ Frederick Ernest Ehrsam III, by Jolie Yang, Attorney-in-Fact
Issuer symbol
COIN
Transactions as of
01 Dec 2021
Net transactions value
-$20,261,742
Form type
4
Filing time
02 Dec 2021, 17:49:03 UTC
Previous filing
17 Nov 2021
Next filing
06 Dec 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COIN Class A Common Stock Gift $0 -15,560 -1.2% $0.000000 1,239,495 30 Nov 2021 By The Frederick Ernest Ehrsam III Living Trust F1
transaction COIN Class A Common Stock Sale $254,042 -863 -0.07% $294.37 1,238,632 01 Dec 2021 By The Frederick Ernest Ehrsam III Living Trust F2, F3
transaction COIN Class A Common Stock Sale $247,371 -837 -0.07% $295.54 1,237,795 01 Dec 2021 By The Frederick Ernest Ehrsam III Living Trust F2, F4
transaction COIN Class A Common Stock Sale $92,552 -312 -0.03% $296.64 1,237,483 01 Dec 2021 By The Frederick Ernest Ehrsam III Living Trust F2, F5
transaction COIN Class A Common Stock Sale $144,034 -484 -0.04% $297.59 1,236,999 01 Dec 2021 By The Frederick Ernest Ehrsam III Living Trust F2, F6
transaction COIN Class A Common Stock Sale $209,314 -701 -0.06% $298.59 1,236,298 01 Dec 2021 By The Frederick Ernest Ehrsam III Living Trust F2, F7
transaction COIN Class A Common Stock Sale $179,804 -600 -0.05% $299.67 1,235,698 01 Dec 2021 By The Frederick Ernest Ehrsam III Living Trust F2, F8
transaction COIN Class A Common Stock Sale $253,686 -843 -0.07% $300.93 1,234,855 01 Dec 2021 By The Frederick Ernest Ehrsam III Living Trust F2, F9
transaction COIN Class A Common Stock Sale $177,037 -585 -0.05% $302.63 1,234,270 01 Dec 2021 By The Frederick Ernest Ehrsam III Living Trust F2, F10
transaction COIN Class A Common Stock Sale $217,249 -715 -0.06% $303.84 1,233,555 01 Dec 2021 By The Frederick Ernest Ehrsam III Living Trust F2, F11
transaction COIN Class A Common Stock Sale $335,421 -1,100 -0.09% $304.93 1,232,455 01 Dec 2021 By The Frederick Ernest Ehrsam III Living Trust F2, F12
transaction COIN Class A Common Stock Sale $648,567 -2,119 -0.17% $306.07 1,230,336 01 Dec 2021 By The Frederick Ernest Ehrsam III Living Trust F2, F13
transaction COIN Class A Common Stock Sale $1,475,655 -4,810 -0.39% $306.79 1,225,526 01 Dec 2021 By The Frederick Ernest Ehrsam III Living Trust F2, F14
transaction COIN Class A Common Stock Sale $646,531 -2,100 -0.17% $307.87 1,223,426 01 Dec 2021 By The Frederick Ernest Ehrsam III Living Trust F2, F15
transaction COIN Class A Common Stock Sale $750,078 -2,429 -0.2% $308.80 1,220,997 01 Dec 2021 By The Frederick Ernest Ehrsam III Living Trust F2, F16
transaction COIN Class A Common Stock Sale $57,923 -187 -0.02% $309.75 1,220,810 01 Dec 2021 By The Frederick Ernest Ehrsam III Living Trust F2, F17
transaction COIN Class A Common Stock Sale $521,284 -1,676 -0.14% $311.03 1,219,134 01 Dec 2021 By The Frederick Ernest Ehrsam III Living Trust F2, F18
transaction COIN Class A Common Stock Sale $1,124,694 -3,605 -0.3% $311.98 1,215,529 01 Dec 2021 By The Frederick Ernest Ehrsam III Living Trust F2, F19
transaction COIN Class A Common Stock Sale $850,787 -2,719 -0.22% $312.90 1,212,810 01 Dec 2021 By The Frederick Ernest Ehrsam III Living Trust F2, F20
transaction COIN Class A Common Stock Sale $521,243 -1,660 -0.14% $314.00 1,211,150 01 Dec 2021 By The Frederick Ernest Ehrsam III Living Trust F2, F21
transaction COIN Class A Common Stock Sale $674,969 -2,144 -0.18% $314.82 1,209,006 01 Dec 2021 By The Frederick Ernest Ehrsam III Living Trust F2, F22
transaction COIN Class A Common Stock Sale $3,007,750 -9,522 -0.79% $315.87 1,199,484 01 Dec 2021 By The Frederick Ernest Ehrsam III Living Trust F2, F23
transaction COIN Class A Common Stock Sale $1,766,608 -5,577 -0.46% $316.77 1,193,907 01 Dec 2021 By The Frederick Ernest Ehrsam III Living Trust F2, F24
transaction COIN Class A Common Stock Sale $1,795,459 -5,649 -0.47% $317.84 1,188,258 01 Dec 2021 By The Frederick Ernest Ehrsam III Living Trust F2, F25
transaction COIN Class A Common Stock Sale $1,832,095 -5,745 -0.48% $318.90 1,182,513 01 Dec 2021 By The Frederick Ernest Ehrsam III Living Trust F2, F26
transaction COIN Class A Common Stock Sale $1,254,417 -3,923 -0.33% $319.76 1,178,590 01 Dec 2021 By The Frederick Ernest Ehrsam III Living Trust F2, F27
transaction COIN Class A Common Stock Sale $691,853 -2,157 -0.18% $320.75 1,176,433 01 Dec 2021 By The Frederick Ernest Ehrsam III Living Trust F2, F28
transaction COIN Class A Common Stock Sale $436,126 -1,355 -0.12% $321.86 1,175,078 01 Dec 2021 By The Frederick Ernest Ehrsam III Living Trust F2, F29
transaction COIN Class A Common Stock Sale $95,194 -295 -0.03% $322.69 1,174,783 01 Dec 2021 By The Frederick Ernest Ehrsam III Living Trust F2, F30
holding COIN Class A Common Stock 2,544,755 01 Dec 2021 By Paradigm Fund, L.P. F31

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 +2,145,532 $0.000000 2,145,532 18 Nov 2021 Class A Common Stock 2,145,532 By The Brian Armstrong 2018 Irrevocable Trust F32, F33, F34
transaction COIN Class B Common Stock Gift $0 -70,118 -2.3% $0.000000 2,927,343 18 Nov 2021 Class A Common Stock 70,118 By The Frederick Ernest Ehrsam III 2020 Grantor Retained Annuity Trust F32, F33
transaction COIN Class B Common Stock Gift $0 +70,118 +1.2% $0.000000 5,872,707 18 Nov 2021 Class A Common Stock 70,118 By The Frederick Ernest Ehrsam III Living Trust F32, F33
* 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 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.
F3 Represents the weighted average sale price. The lowest price at which shares were sold was $293.94 and the highest price at which shares were sold was $294.715. 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 (3) to (30) to this Form 4.
F4 Represents the weighted average sale price. The lowest price at which shares were sold was $295.20 and the highest price at which shares were sold was $296.13.
F5 Represents the weighted average sale price. The lowest price at which shares were sold was $296.235 and the highest price at which shares were sold was $297.23.
F6 Represents the weighted average sale price. The lowest price at which shares were sold was $297.25 and the highest price at which shares were sold was $297.94.
F7 Represents the weighted average sale price. The lowest price at which shares were sold was $298.26 and the highest price at which shares were sold was $299.03.
F8 Represents the weighted average sale price. The lowest price at which shares were sold was $299.39 and the highest price at which shares were sold was $300.30.
F9 Represents the weighted average sale price. The lowest price at which shares were sold was $300.58 and the highest price at which shares were sold was $301.27.
F10 Represents the weighted average sale price. The lowest price at which shares were sold was $302.245 and the highest price at which shares were sold was $303.22.
F11 Represents the weighted average sale price. The lowest price at which shares were sold was $303.25 and the highest price at which shares were sold was $304.21.
F12 Represents the weighted average sale price. The lowest price at which shares were sold was $304.27 and the highest price at which shares were sold was $305.26.
F13 Represents the weighted average sale price. The lowest price at which shares were sold was $305.33 and the highest price at which shares were sold was $306.32.
F14 Represents the weighted average sale price. The lowest price at which shares were sold was $306.34 and the highest price at which shares were sold was $307.31.
F15 Represents the weighted average sale price. The lowest price at which shares were sold was $307.39 and the highest price at which shares were sold was $308.38.
F16 Represents the weighted average sale price. The lowest price at which shares were sold was $308.395 and the highest price at which shares were sold was $309.31.
F17 Represents the weighted average sale price. The lowest price at which shares were sold was $309.47 and the highest price at which shares were sold was $310.45.
F18 Represents the weighted average sale price. The lowest price at which shares were sold was $310.53 and the highest price at which shares were sold was $311.52.
F19 Represents the weighted average sale price. The lowest price at which shares were sold was $311.53 and the highest price at which shares were sold was $312.52.
F20 Represents the weighted average sale price. The lowest price at which shares were sold was $312.53 and the highest price at which shares were sold was $313.48.
F21 Represents the weighted average sale price. The lowest price at which shares were sold was $313.53 and the highest price at which shares were sold was $314.31.
F22 Represents the weighted average sale price. The lowest price at which shares were sold was $314.32 and the highest price at which shares were sold was $315.20.
F23 Represents the weighted average sale price. The lowest price at which shares were sold was $315.32 and the highest price at which shares were sold was $316.30.
F24 Represents the weighted average sale price. The lowest price at which shares were sold was $316.33 and the highest price at which shares were sold was $317.29.
F25 Represents the weighted average sale price. The lowest price at which shares were sold was $317.34 and the highest price at which shares were sold was $318.33.
F26 Represents the weighted average sale price. The lowest price at which shares were sold was $318.35 and the highest price at which shares were sold was $319.34.
F27 Represents the weighted average sale price. The lowest price at which shares were sold was $319.35 and the highest price at which shares were sold was $320.33.
F28 Represents the weighted average sale price. The lowest price at which shares were sold was $320.355 and the highest price at which shares were sold was $321.31.
F29 Represents the weighted average sale price. The lowest price at which shares were sold was $321.37 and the highest price at which shares were sold was $322.325.
F30 Represents the weighted average sale price. The lowest price at which shares were sold was $322.49 and the highest price at which shares were sold was $322.81.
F31 These shares are held by Paradigm Fund L.P. Paradigm Fund GP LLC, the general partner of Paradigm Fund L.P., has sole voting and investment power with regard to the shares held by Paradigm Fund L.P. The Frederick Ernest Ehrsam III Living Trust and Matt Huang are the managing members of Paradigm Fund GP LLC. The Reporting Person is the trustee of The Frederick Ernest Ehrsam III Living Trust. Shares held by Paradigm Fund L.P. include shares that may be subsequently sold by each of the each of Frederick Ernest Ehrsam III Living Trust and Matt Huang following in-kind distributions of shares by such entity. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any.
F32 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.
F33 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 to the Brian Armstrong 2018 Irrevocable Trust and (ii) 70,118 shares of Class B Common Stock from the Frederick Ernest Ehrsam III 2020 Grantor Retained Annuity Trust to the Frederick Ernest Ehrsam III 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.
F34 These shares are held by The Brian Armstrong 2018 Irrevocable Trust, of which the Reporting Person is trustee. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any.