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

Role
Chief Legal Officer
Signature
/s/ Paul Grewal, by Doug Sharp, Attorney-in-Fact
Stock symbol
COIN
Transactions as of
May 20, 2022
Transactions value $
-$598,514
Form type
4
Date filed
5/24/2022, 07:58 PM
Previous filing
Mar 1, 2022
Next filing
Aug 23, 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 +14.4K +39.64% $0.00 50.8K May 20, 2022 Direct F1, F2
transaction COIN Class A Common Stock Options Exercise $0 +1.29K +2.53% $0.00 52.1K May 20, 2022 Direct F1
transaction COIN Class A Common Stock Tax liability -$525K -7.79K -14.95% $67.42 44.3K May 23, 2022 Direct F3
transaction COIN Class A Common Stock Sale -$73.3K -1.09K -2.46% $67.26 43.2K May 23, 2022 Direct F4

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 -14.4K -9.09% $0.00 144K May 20, 2022 Class A Common Stock 14.4K $0.00 Direct F1, F5, F6, F7
transaction COIN Restricted Stock Units Options Exercise $0 -1.29K -9.09% $0.00 12.9K May 20, 2022 Class A Common Stock 1.29K $0.00 Direct F1, F5, F7, F8
* 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 Includes 85 shares acquired on April 29, 2022, pursuant to the Issuer's 2021 Employee Stock Purchase Plan.
F3 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.
F4 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 1, 2021, during an open trading window.
F5 Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F6 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.
F7 RSUs do not expire; they either vest or are canceled prior to vesting date.
F8 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.