Emilie Choi - 20 Aug 2022 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role
President
Signature
/s/ Emilie Choi, by Doug Sharp, Attorney-in-Fact
Issuer symbol
COIN
Transactions as of
20 Aug 2022
Net transactions value
-$1,002,846
Form type
4
Filing time
23 Aug 2022, 17:21:08 UTC
Previous filing
23 Aug 2022
Next filing
22 Nov 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 Gift $0 -21,726 -100% $0.000000* 0 16 Aug 2022 By Coinbase Annuity Trust F1, F2
transaction COIN Class A Common Stock Gift $0 +21,726 $0.000000 21,726 16 Aug 2022 By Sixers LLC F1, F3
transaction COIN Class A Common Stock Options Exercise $0 +23,025 +29% $0.000000 103,353 20 Aug 2022 Direct F4
transaction COIN Class A Common Stock Options Exercise $0 +4,285 +4.1% $0.000000 107,638 20 Aug 2022 Direct F4
transaction COIN Class A Common Stock Tax liability $1,002,846 -13,541 -13% $74.06 94,097 20 Aug 2022 Direct F5
holding COIN Class A Common Stock 49,643 20 Aug 2022 By Starvurst Exempt Trust F6
holding COIN Class A Common Stock 50,153 20 Aug 2022 By Starvurst 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 -23,025 -17% $0.000000 115,126 20 Aug 2022 Class A Common Stock 23,025 $0.000000 Direct F4, F8, F9, F10
transaction COIN Restricted Stock Units Options Exercise $0 -4,285 -10% $0.000000 38,572 20 Aug 2022 Class A Common Stock 4,285 $0.000000 Direct F4, 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 transfer on August 16, 2022, of 21,726 shares of Class A Common Stock from the Coinbase Annuity Trust to Sixers LLC. The transfer reflected on this Form was entered into in connection with the Reporting Person's long-term estate planning.
F2 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.
F3 These shares are held by Sixers LLC, of which the Coinbase Annuity Trust is the sole member. The Reporting Person's spouse is the trustee of the Coinbase Annuity Trust. The Reporting Person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein, if any.
F4 Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
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 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.
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.