Jennifer N. Jones - 20 Aug 2022 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role
Chief Accounting Officer
Signature
/s/ Jennifer N. Jones, by Doug Sharp, Attorney-in-Fact
Issuer symbol
COIN
Transactions as of
20 Aug 2022
Net transactions value
-$158,711
Form type
4
Filing time
23 Aug 2022, 17:26:02 UTC
Previous filing
15 Aug 2022
Next filing
26 Aug 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 +1,259 +4.6% $0.000000 28,676 20 Aug 2022 Direct F1
transaction COIN Class A Common Stock Options Exercise $0 +784 +2.7% $0.000000 29,460 20 Aug 2022 Direct F1
transaction COIN Class A Common Stock Options Exercise $0 +724 +2.5% $0.000000 30,184 20 Aug 2022 Direct F1
transaction COIN Class A Common Stock Options Exercise $0 +1,553 +5.1% $0.000000 31,737 20 Aug 2022 Direct F1
transaction COIN Class A Common Stock Tax liability $158,711 -2,143 -6.8% $74.06 29,594 20 Aug 2022 Direct F2

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 -1,259 -50% $0.000000 1,259 20 Aug 2022 Class A Common Stock 1,259 $0.000000 Direct F1, F3, F4, F5
transaction COIN Restricted Stock Units Options Exercise $0 -784 -50% $0.000000 783 20 Aug 2022 Class A Common Stock 784 $0.000000 Direct F1, F3, F4, F5
transaction COIN Restricted Stock Units Options Exercise $0 -724 -10% $0.000000 6,508 20 Aug 2022 Class A Common Stock 724 $0.000000 Direct F1, F3, F5, F6
transaction COIN Restricted Stock Units Options Exercise $0 -1,553 -25% $0.000000 4,660 20 Aug 2022 Class A Common Stock 1,553 $0.000000 Direct F1, F3, F5, 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 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.
F3 Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F4 The RSUs vest with respect to 25% of the total award on May 20, 2021, and an additional 12.5% of the award vests each quarter thereafter until the award is fully vested on November 20, 2022, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F5 RSUs do not expire; they either vest or are canceled prior to vesting date.
F6 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.
F7 The RSUs vest with respect to 33.33% of the total award on May 20, 2022, and an additional 16.66% of the award vests each quarter thereafter 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.