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

Role: President
Signature: /s/ Emilie Choi, by Doug Sharp, Attorney-in-Fact
Issuer symbol: COIN
Transactions as of: 20 Feb 2022
Net transactions value: -$2,292,998
Form type: 4
Filing time: 23 Feb 2022, 18:20:12 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	+23,025	+56%	$0.000000	64,501	20 Feb 2022	Direct	F1
transaction	COIN	Class A Common Stock	Options Exercise	$0	+4,286	+6.6%	$0.000000	68,787	20 Feb 2022	Direct	F1
transaction	COIN	Class A Common Stock	Tax liability	$2,292,998	-12,122	-18%	$189.16	56,665	20 Feb 2022	Direct	F2
holding	COIN	Class A Common Stock						49,643	20 Feb 2022	By Starvurst Exempt Trust	F3
holding	COIN	Class A Common Stock						60,000	20 Feb 2022	By Starvurst Annuity Trust	F4
holding	COIN	Class A Common Stock						21,726	20 Feb 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	-23,025	-12%	$0.000000	161,176	20 Feb 2022	Class A Common Stock	23,025	$0.000000	Direct	F1, F6, F7, F8
transaction	COIN	Restricted Stock Units	Options Exercise	$0	-4,286	-8.3%	$0.000000	47,143	20 Feb 2022	Class A Common Stock	4,286	$0.000000	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.