Jennifer N. Jones - Feb 20, 2022 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Signature
/s/ Jennifer N. Jones, by Doug Sharp, Attorney-in-Fact
Stock symbol
COIN
Transactions as of
Feb 20, 2022
Transactions value $
-$1,188,114
Form type
4
Date filed
2/23/2022, 06:12 PM
Previous filing
Feb 11, 2022
Next filing
May 24, 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 +11.4K +58.34% $0.00 30.9K Feb 20, 2022 Direct F1
transaction COIN Class A Common Stock Options Exercise $0 +784 +2.53% $0.00 31.7K Feb 20, 2022 Direct F1
transaction COIN Class A Common Stock Options Exercise $0 +1.26K +3.97% $0.00 33K Feb 20, 2022 Direct F1
transaction COIN Class A Common Stock Options Exercise $0 +723 +2.19% $0.00 33.7K Feb 20, 2022 Direct F1
transaction COIN Class A Common Stock Tax liability -$1.19M -6.28K -18.64% $189.16 27.4K Feb 20, 2022 Direct F2

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 -11.4K -50% $0.00 11.4K Feb 20, 2022 Class A Common Stock 11.4K $0.00 Direct F1, F3, F4, F5
transaction COIN Restricted Stock Units Options Exercise $0 -784 -25.02% $0.00 2.35K Feb 20, 2022 Class A Common 784 $0.00 Direct F1, F3, F5, F6
transaction COIN Restricted Stock Units Options Exercise $0 -1.26K -25% $0.00 3.78K Feb 20, 2022 Class A Common Stock 1.26K $0.00 Direct F1, F3, F5, F6
transaction COIN Restricted Stock Units Options Exercise $0 -723 -8.33% $0.00 7.96K Feb 20, 2022 Class A Common Stock 723 $0.00 Direct F1, F3, F5, F7
* 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 Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F4 The RSUs vest with respect to 50% of the total award on February 20, 2022, and the remaining 50% of the award vests on February 20, 2023, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F5 RSUs do not expire; they either vest or are canceled prior to vesting date.
F6 The RSUs vest with respect to 25% of the total award on May 20, 2021, and an additional 12.5% of the award vests each quarter thereafter until the award is fully vested on November 20, 2022, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F7 The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on February 20, 2022, until the award is fully vested on November 20, 2024, subject to the Reporting Person's continued service to the Issuer on each vesting date.