Frederick Ernest Ehrsam III - 20 May 2022 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role: Director
Signature: /s/ Frederick Ernest Ehrsam III, by Doug Sharp, Attorney-in-Fact
Issuer symbol: COIN
Transactions as of: 20 May 2022
Net transactions value: $0
Form type: 4
Filing time: 24 May 2022, 19:59:48 UTC
Previous filing: 19 May 2022
Next filing: 26 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	+1,213		$0.000000	1,213	20 May 2022	Direct	F1
holding	COIN	Class A Common Stock						2,583,752	20 May 2022	By Paradigm Fund, LP	F2
holding	COIN	Class A Common Stock						1,091,814	20 May 2022	By Paradigm One LP	F3
holding	COIN	Class A Common Stock						1,133,465	20 May 2022	By The Frederick Ernest Ehrsam III Living Trust	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	-1,213	-100%	$0.000000^*	0	20 May 2022	Class A Common Stock	1,213	$0.000000	Direct	F1, F5, F6, F7

* 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	These shares are held by Paradigm Fund LP. Paradigm Fund GP LLC, the general partner of Paradigm Fund LP, has sole voting and investment power with regard to the shares held by Paradigm Fund LP. 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. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any.
F3	These shares are held by Paradigm One LP. Paradigm One GP LLC, the general partner of Paradigm One LP, has sole voting and investment power with regard to the shares held by Paradigm One LP. The Frederick Ernest Ehrsam III Living Trust and Matt Huang are the managing members of Paradigm One GP LLC. 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.
F4	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.
F5	Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F6	The RSUs vest on the earlier of May 20, 2022, or the date of the first annual meeting of the stockholders of the Issuer following the direct listing, subject to Reporting Person's continued service to the Issuer on the vesting date.
F7	RSUs do not expire; they either vest or are canceled prior to vesting date.