Kathryn Haun - Feb 20, 2022 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role
Director
Signature
/s/ Doug Sharp, Attorney-in-Fact for Kathryn Haun
Stock symbol
COIN
Transactions as of
Feb 20, 2022
Transactions value $
$0
Form type
4
Date filed
2/23/2022, 06:17 PM
Previous filing
Nov 23, 2021
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 +2.42K $0.00 2.42K Feb 20, 2022 Direct F1
holding COIN Class A Common Stock 150K Feb 20, 2022 By The Gherardesca Annuity Trust F2
holding COIN Class A Common Stock 57.4K Feb 20, 2022 By Gherardesca LLC F3

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 -2.42K -20% $0.00 9.67K Feb 20, 2022 Class A Common Stock 2.42K $0.00 Direct F1, F4, F5, F6
* 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 The Reporting Person is the settlor and investment trustee of the Gherardesca Annuity Trust. As investment trustee, the Reporting Person has sole voting and investment power over the shares held by the Gherardesca Annuity Trust.
F3 These reported securities are held by Gherardesca LLC, of which 6,223 shares are unvested and subject to repurchase by the Issuer. The Reporting Person is one of two investment managers of of Gherardesca LLC. As an investment manager, the Reporting Person has shared voting and investment power over the shares held by Gherardesca LLC.
F4 Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F5 The RSUs vest with respect to 12.5% of the total award on May 20, 2021, and an additional 12.5% of the award vests in equal quarterly installments thereafter until the award is fully vested on February 20, 2023, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F6 RSUs do not expire; they either vest or are canceled prior to vesting date.

Remarks:

Prior reports included shares of Class A Common Stock held by EZT Trust of which the Reporting Person was the trustee. The reporting person no longer serves as trustee of EZT Trust. Accordingly, the holdings of EZT Trust are no longer considered to be beneficially owned by the Reporting Person and such holdings are excluded from this report and will be excluded from future filings.