Brian Armstrong - Dec 20, 2022 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role: Chairman and CEO, Director, 10%+ Owner
Signature: /s/ Brian Armstrong, by Doug Sharp, Attorney-in-Fact
Stock symbol: COIN
Transactions as of: Dec 20, 2022
Transactions value $: -$524,980
Form type: 4
Date filed: 12/22/2022, 03:10 PM
Previous filing: Dec 7, 2022
Next filing: Jan 6, 2023

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	+14.9K		$0.00	14.9K	Dec 20, 2022	By The Brian Armstrong Living Trust	F1, F2, F3
transaction	COIN	Class A Common Stock	Sale	-$354K	-10.1K	-68.05%	$35.01	4.75K	Dec 20, 2022	By The Brian Armstrong Living Trust	F2, F4
transaction	COIN	Class A Common Stock	Sale	-$153K	-4.25K	-89.47%	$35.88	500	Dec 20, 2022	By The Brian Armstrong Living Trust	F2, F5
transaction	COIN	Class A Common Stock	Sale	-$18.3K	-500	-100%	$36.56	0	Dec 20, 2022	By The Brian Armstrong Living Trust	F2, F6

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	Conversion of derivative security	$0	-14.9K	-0.06%	$0.00	26.5M	Dec 20, 2022	Class A Common Stock	14.9K		By The Brian Armstrong Living Trust	F1, F2, F3
holding	COIN	Class B Common Stock						6.16M	Dec 20, 2022	Class A Common Stock	6.16M		By The Brian Armstrong 2020 Grantor Retained Annuity Trust	F3
holding	COIN	Class B Common Stock						950K	Dec 20, 2022	Class A Common Stock	950K		By The Ehrsam 2014 Irrevocable Trust	F3, F7

* 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 $34.48 and the highest price at which shares were sold was $35.46. 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 (6) to this Form 4.
F5	Represents the weighted average sale price. The lowest price at which shares were sold was $35.49 and the highest price at which shares were sold was $36.46.
F6	Represents the weighted average sale price. The lowest price at which shares were sold was $36.50 and the highest price at which shares were sold was $36.725.
F7	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.