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

Role
Chief Accounting Officer
Signature
/s/ Jennifer N. Jones, by Doug Sharp, Attorney-in-Fact
Issuer symbol
COIN
Transactions as of
20 Feb 2022
Net transactions value
-$1,188,114
Form type
4
Filing time
23 Feb 2022, 18:12:24 UTC
Previous filing
11 Feb 2022
Next filing
24 May 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 Options Exercise $0 +11,397 +58% $0.000000 30,932 20 Feb 2022 Direct F1
transaction COIN Class A Common Stock Options Exercise $0 +784 +2.5% $0.000000 31,716 20 Feb 2022 Direct F1
transaction COIN Class A Common Stock Options Exercise $0 +1,259 +4% $0.000000 32,975 20 Feb 2022 Direct F1
transaction COIN Class A Common Stock Options Exercise $0 +723 +2.2% $0.000000 33,698 20 Feb 2022 Direct F1
transaction COIN Class A Common Stock Tax liability $1,188,114 -6,281 -19% $189.16 27,417 20 Feb 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 -11,397 -50% $0.000000 11,397 20 Feb 2022 Class A Common Stock 11,397 $0.000000 Direct F1, F3, F4, F5
transaction COIN Restricted Stock Units Options Exercise $0 -784 -25% $0.000000 2,350 20 Feb 2022 Class A Common 784 $0.000000 Direct F1, F3, F5, F6
transaction COIN Restricted Stock Units Options Exercise $0 -1,259 -25% $0.000000 3,777 20 Feb 2022 Class A Common Stock 1,259 $0.000000 Direct F1, F3, F5, F6
transaction COIN Restricted Stock Units Options Exercise $0 -723 -8.3% $0.000000 7,955 20 Feb 2022 Class A Common Stock 723 $0.000000 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.