Tobias Lutke - Feb 2, 2022 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role
Director
Signature
/s/ Tobias Lutke, by Doug Sharp, Attorney-in-Fact
Stock symbol
COIN
Transactions as of
Feb 2, 2022
Transactions value $
$0
Form type
4
Date filed
2/4/2022, 07:03 PM
Next filing
Jun 3, 2022

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 Award $0 +1.87K $0.00 1.87K Feb 2, 2022 Class A Common Stock 1.87K $0.00 Direct F1, F2, F3
transaction COIN Restricted Stock Units Award $0 +522 $0.00 522 Feb 2, 2022 Class A Common Stock 522 $0.00 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2 The RSUs vest with respect to 1/3 of the total award on February 20, 2023, and an additional 1/3 of the award vests in equal annual installments thereafter until the award is fully vested on February 20, 2025, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F3 RSUs do not expire; they either vest or are canceled prior to vesting date.
F4 The RSUs vest on the date of the first annual meeting of the stockholders of the Issuer following the direct listing, subject to Reporting Person's continued service to the Issuer on the vesting date.