Emilie Choi - Aug 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
Aug 20, 2022
Transactions value $
-$1,002,846
Form type
4
Date filed
8/23/2022, 05:21 PM
Previous filing
Aug 23, 2022
Next filing
Nov 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COIN Class A Common Stock Gift $0 -21.7K -100% $0.00* 0 Aug 16, 2022 By Coinbase Annuity Trust F1, F2
transaction COIN Class A Common Stock Gift $0 +21.7K $0.00 21.7K Aug 16, 2022 By Sixers LLC F1, F3
transaction COIN Class A Common Stock Options Exercise $0 +23K +28.66% $0.00 103K Aug 20, 2022 Direct F4
transaction COIN Class A Common Stock Options Exercise $0 +4.29K +4.15% $0.00 108K Aug 20, 2022 Direct F4
transaction COIN Class A Common Stock Tax liability -$1M -13.5K -12.58% $74.06 94.1K Aug 20, 2022 Direct F5
holding COIN Class A Common Stock 49.6K Aug 20, 2022 By Starvurst Exempt Trust F6
holding COIN Class A Common Stock 50.2K Aug 20, 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 -23K -16.67% $0.00 115K Aug 20, 2022 Class A Common Stock 23K $0.00 Direct F4, F8, F9, F10
transaction COIN Restricted Stock Units Options Exercise $0 -4.29K -10% $0.00 38.6K Aug 20, 2022 Class A Common Stock 4.29K $0.00 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.