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

Role: Chief Legal Officer
Signature: /s/ Paul Grewal, by Doug Sharp, Attorney-in-Fact
Issuer symbol: COIN
Transactions as of: 20 Feb 2022
Net transactions value: -$1,288,747
Form type: 4
Filing time: 23 Feb 2022, 18:18:45 UTC
Previous filing: 11 Feb 2022
Next filing: 01 Mar 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	+14,423	+50%	$0.000000	43,040	20 Feb 2022	Direct	F1
transaction	COIN	Class A Common Stock	Options Exercise	$0	+1,286	+3%	$0.000000	44,326	20 Feb 2022	Direct	F1
transaction	COIN	Class A Common Stock	Tax liability	$1,288,747	-6,813	-15%	$189.16	37,513	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	-14,423	-8.3%	$0.000000	158,656	20 Feb 2022	Class A Common Stock	14,423	$0.000000	Direct	F1, F3, F4, F5
transaction	COIN	Restricted Stock Units	Options Exercise	$0	-1,286	-8.3%	$0.000000	14,142	20 Feb 2022	Class A Common Stock	1,286	$0.000000	Direct	F1, F3, 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	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 1/4th of the total shares underlying the award on November 20, 2021, and the remaining 3/4th of the shares underlying the award vest in equal quarterly installments thereafter until the award is fully vested on November 20, 2024, subject to the continued service of the Reporting Person 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 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.