Brian Armstrong - Nov 11, 2022 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Signature
/s/ Brian Armstrong, by Doug Sharp, Attorney-in-Fact
Stock symbol
COIN
Transactions as of
Nov 11, 2022
Transactions value $
-$1,625,102
Form type
4
Date filed
11/15/2022, 04:12 PM
Previous filing
Feb 14, 2022
Next filing
Nov 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COIN Class A Common Stock Conversion of derivative security $0 +17 +0.06% $0.00 29.7K Nov 11, 2022 By The Brian Armstrong Living Trust F1, F2, F3
transaction COIN Class A Common Stock Sale -$14K -300 -1.01% $46.71 29.4K Nov 11, 2022 By The Brian Armstrong Living Trust F2, F4
transaction COIN Class A Common Stock Sale -$33.9K -700 -2.38% $48.40 28.7K Nov 11, 2022 By The Brian Armstrong Living Trust F2, F5
transaction COIN Class A Common Stock Sale -$24.7K -500 -1.74% $49.34 28.2K Nov 11, 2022 By The Brian Armstrong Living Trust F2, F6
transaction COIN Class A Common Stock Sale -$54.8K -1.08K -3.84% $50.57 27.1K Nov 11, 2022 By The Brian Armstrong Living Trust F2, F7
transaction COIN Class A Common Stock Sale -$82K -1.6K -5.89% $51.23 25.5K Nov 11, 2022 By The Brian Armstrong Living Trust F2, F8
transaction COIN Class A Common Stock Sale -$110K -2.09K -8.18% $52.65 23.5K Nov 11, 2022 By The Brian Armstrong Living Trust F2, F9
transaction COIN Class A Common Stock Sale -$231K -4.31K -18.37% $53.65 19.1K Nov 11, 2022 By The Brian Armstrong Living Trust F2, F10
transaction COIN Class A Common Stock Sale -$202K -3.7K -19.32% $54.66 15.4K Nov 11, 2022 By The Brian Armstrong Living Trust F2, F11
transaction COIN Class A Common Stock Sale -$290K -5.2K -33.69% $55.63 10.2K Nov 11, 2022 By The Brian Armstrong Living Trust F2, F12
transaction COIN Class A Common Stock Sale -$395K -6.99K -68.23% $56.48 3.26K Nov 11, 2022 By The Brian Armstrong Living Trust F2, F13
transaction COIN Class A Common Stock Sale -$159K -2.76K -84.64% $57.68 500 Nov 11, 2022 By The Brian Armstrong Living Trust F2, F14
transaction COIN Class A Common Stock Sale -$29.1K -500 -100% $58.16 0 Nov 11, 2022 By The Brian Armstrong Living Trust F2, F15

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 Class B Common Stock Gift $0 -1.39M -18.37% $0.00 6.16M Nov 11, 2022 Class A Common Stock 1.39M By The Brian Armstrong 2020 Grantor Retained Annuity Trust F3, F16
transaction COIN Class B Common Stock Gift $0 +1.39M +5.51% $0.00 26.5M Nov 11, 2022 Class A Common Stock 1.39M By The Brian Armstrong Living Trust F3, F16
transaction COIN Class B Common Stock Conversion of derivative security $0 -17 0% $0.00 26.5M Nov 11, 2022 Class A Common Stock 17 By The Brian Armstrong Living Trust F1, F2, F3
holding COIN Class B Common Stock 950K Nov 11, 2022 Class A Common Stock 950K By The Ehrsam 2014 Irrevocable Trust F3, F17
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the conversion of Class B Common Stock held of record by The Brian Armstrong Living Trust into Class A Common Stock.
F2 The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 26, 2022, during an open trading window.
F3 Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
F4 Represents the weighted average sale price. The lowest price at which shares were sold was $46.65 and the highest price at which shares were sold was $46.82. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the ranges set forth in footnotes (4) to (15) to this Form 4.
F5 Represents the weighted average sale price. The lowest price at which shares were sold was $47.93 and the highest price at which shares were sold was $48.77.
F6 Represents the weighted average sale price. The lowest price at which shares were sold was $48.95 and the highest price at which shares were sold was $49.61.
F7 Represents the weighted average sale price. The lowest price at which shares were sold was $49.99 and the highest price at which shares were sold was $50.98.
F8 Represents the weighted average sale price. The lowest price at which shares were sold was $51.00 and the highest price at which shares were sold was $51.71.
F9 Represents the weighted average sale price. The lowest price at which shares were sold was $52.00 and the highest price at which shares were sold was $52.985.
F10 Represents the weighted average sale price. The lowest price at which shares were sold was $53.015 and the highest price at which shares were sold was $53.98.
F11 Represents the weighted average sale price. The lowest price at which shares were sold was $54.11 and the highest price at which shares were sold was $55.055.
F12 Represents the weighted average sale price. The lowest price at which shares were sold was $55.11 and the highest price at which shares were sold was $56.10.
F13 Represents the weighted average sale price. The lowest price at which shares were sold was $56.135 and the highest price at which shares were sold was $57.13.
F14 Represents the weighted average sale price. The lowest price at which shares were sold was $57.14 and the highest price at which shares were sold was $58.01.
F15 Represents the weighted average sale price. The lowest price at which shares were sold was $58.155 and the highest price at which shares were sold was $58.175.
F16 Reflects the transfer on November 11, 2022 of 1,386,462 shares of Class B Common Stock from The Brian Armstrong 2020 Grantor Retained Annuity Trust ("GRAT") to The Brian Armstrong Living Trust in satisfaction of a GRAT annuity payment owed to the Reporting Person. The GRAT annuity payment reflected on this Form was entered into in connection with the Reporting Person's long-term estate planning.
F17 These shares are held by The Ehrsam 2014 Irrevocable Trust, of which the Reporting Person is trustee. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any.