Frederick Ernest Ehrsam III - May 20, 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
May 20, 2022
Transactions value $
$0
Form type
4
Date filed
5/24/2022, 07:59 PM
Previous filing
May 19, 2022
Next filing
May 26, 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 +1.21K $0.00 1.21K May 20, 2022 Direct F1
holding COIN Class A Common Stock 2.58M May 20, 2022 By Paradigm Fund, LP F2
holding COIN Class A Common Stock 1.09M May 20, 2022 By Paradigm One LP F3
holding COIN Class A Common Stock 1.13M May 20, 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 -1.21K -100% $0.00* 0 May 20, 2022 Class A Common Stock 1.21K $0.00 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.