Frederick Ernest Ehrsam III - Mar 9, 2022 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role
Director
Signature
/s/ Frederick Ernest Ehrsam III, by Doug Sharp, Attorney-in-Fact
Stock symbol
COIN
Transactions as of
Mar 9, 2022
Transactions value $
$0
Form type
4
Date filed
3/11/2022, 05:53 PM
Previous filing
Dec 27, 2021
Next filing
May 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COIN Class A Common Stock Award $0 +39K +1.53% $0.00 2.58M Mar 9, 2022 By Paradigm Fund, L.P. F1, F2
holding COIN Class A Common Stock 1.13M Mar 9, 2022 By The Frederick Ernest Ehrsam III Living Trust F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 8, 2022, 38,997 shares of Issuer Class A Common Stock which were previously subject to a holdback pursuant to the terms of the merger agreement for Issuer's acquisition of Tagomi Holdings, Inc. ("Tagomi") on July 31, 2020 were released to Paradigm Fund L.P. The merger agreement provided that certain shares of Issuer Class A Common Stock issuable to the shareholders of Tagomi at the closing of the transaction would be held back as partial security for the benefit of Issuer with respect to any indemnifiable damages pursuant to the indemnification obligations of the shareholders of Tagomi. The shares would be subsequently released for no additional consideration, subject to the cancellation of shares of Issuer Class A Common Stock in connection with any such indemnifiable damages.
F2 These shares are held by Paradigm Fund L.P. Paradigm Fund GP LLC, the general partner of Paradigm Fund L.P., has sole voting and investment power with regard to the shares held by Paradigm Fund L.P. The Frederick Ernest Ehrsam III Living Trust and Matt Huang are the managing members of Paradigm Fund GP LLC. The Reporting Person is the trustee of The Frederick Ernest Ehrsam III Living Trust. Shares held by Paradigm Fund L.P. include shares that may be subsequently sold by each of the each of Frederick Ernest Ehrsam III Living Trust and Matt Huang following in-kind distributions of shares by such entity. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any.
F3 The Reporting Person is the trustee of The Frederick Ernest Ehrsam III Living Trust. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any.