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

Role: President
Signature: /s/ Emilie Choi, by Doug Sharp, Attorney-in-Fact
Stock symbol: COIN
Transactions as of: Feb 20, 2022
Transactions value $: -$2,292,998
Form type: 4
Date filed: 2/23/2022, 06:20 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	+23K	+55.51%	$0.00	64.5K	Feb 20, 2022	Direct	F1
transaction	COIN	Class A Common Stock	Options Exercise	$0	+4.29K	+6.64%	$0.00	68.8K	Feb 20, 2022	Direct	F1
transaction	COIN	Class A Common Stock	Tax liability	-$2.29M	-12.1K	-17.62%	$189.16	56.7K	Feb 20, 2022	Direct	F2
holding	COIN	Class A Common Stock						49.6K	Feb 20, 2022	By Starvurst Exempt Trust	F3
holding	COIN	Class A Common Stock						60K	Feb 20, 2022	By Starvurst Annuity Trust	F4
holding	COIN	Class A Common Stock						21.7K	Feb 20, 2022	By Coinbase Annuity Trust	F5

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	-23K	-12.5%	$0.00	161K	Feb 20, 2022	Class A Common Stock	23K	$0.00	Direct	F1, F6, F7, F8
transaction	COIN	Restricted Stock Units	Options Exercise	$0	-4.29K	-8.33%	$0.00	47.1K	Feb 20, 2022	Class A Common Stock	4.29K	$0.00	Direct	F1, F6, F8, F9

* 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	These shares are held by the Starvurst Exempt Trust, of which the Reporting Person's spouse is a co-trustee.
F4	These shares are held by the Starvurst Annuity Trust, of which the Reporting Person's spouse is the trustee.
F5	These shares are held by the Coinbase Annuity Trust, of which the Reporting Person's spouse is the trustee
F6	Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F7	The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on February 20, 2021, until the award is fully vested on November 20, 2023, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F8	RSUs do not expire; they either vest or are canceled prior to vesting date.
F9	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.