Emilie Choi - May 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
May 20, 2022
Transactions value $
-$912,934
Form type
4
Date filed
5/24/2022, 07:55 PM
Previous filing
Feb 23, 2022
Next filing
Aug 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COIN Class A Common Stock Gift $0 -9.79K -16.32% $0.00 50.2K Mar 4, 2022 By Starvurst Annuity Trust F1, F2
transaction COIN Class A Common Stock Gift $0 +9.79K +17.28% $0.00 66.5K Mar 4, 2022 Direct F1
transaction COIN Class A Common Stock Gift $0 -55 -0.11% $0.00 50.2K Apr 14, 2022 By Starvurst Annuity Trust F1, F2
transaction COIN Class A Common Stock Gift $0 +55 +0.08% $0.00 66.5K Apr 14, 2022 Direct F1
transaction COIN Class A Common Stock Options Exercise $0 +23K +34.59% $0.00 89.6K May 20, 2022 Direct F3, F4
transaction COIN Class A Common Stock Options Exercise $0 +4.29K +4.78% $0.00 93.9K May 20, 2022 Direct F3
transaction COIN Class A Common Stock Tax liability -$913K -13.5K -14.43% $67.42 80.3K May 23, 2022 Direct F5
holding COIN Class A Common Stock 49.6K May 20, 2022 By Starvurst Exempt Trust F6
holding COIN Class A Common Stock 21.7K May 20, 2022 By Coinbase Annuity Trust F7

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 -14.29% $0.00 138K May 20, 2022 Class A Common Stock 23K $0.00 Direct F3, F8, F9, F10
transaction COIN Restricted Stock Units Options Exercise $0 -4.29K -9.09% $0.00 42.9K May 20, 2022 Class A Common Stock 4.29K $0.00 Direct F3, F8, F10, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the transfers on (i) March 4, 2022, of 9,792 shares of Class A Common Stock from the Starvurst Annuity Trust to Emilie Choi; and (ii) April 14, 2022, of 55 shares of Class A Common Stock from the Starvurst Annuity Trust to Emilie Choi in satisfaction of GRAT annuity payments owed to the Reporting Person. The GRAT annuity payments reflected on this Form 4 were entered into in connection with the Reporting Person's long-term estate planning.
F2 These shares are held by the Starvurst Annuity Trust, of which the Reporting Person's spouse is the trustee. The Reporting Person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein, if any.
F3 Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
F4 Includes 46 shares acquired on April 29, 2022, pursuant to the Issuer's 2021 Employee Stock Purchase Plan.
F5 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.
F6 These shares are held by the Starvurst Exempt Trust, of which the Reporting Person's spouse is a co-trustee. The Reporting Person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein, if any.
F7 These shares are held by the Coinbase Annuity Trust, of which the Reporting Person's spouse is the trustee. The Reporting Person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein, if any.
F8 Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F9 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.
F10 RSUs do not expire; they either vest or are canceled prior to vesting date.
F11 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.