Alesia J. Haas - Jan 10, 2023 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Signature
/s/ Alesia J. Haas, by Doug Sharp, Attorney-in-Fact
Stock symbol
COIN
Transactions as of
Jan 10, 2023
Transactions value $
-$3,390,469
Form type
4
Date filed
1/12/2023, 03:28 PM
Previous filing
Dec 29, 2022
Next filing
Feb 22, 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 +150K +77.49% $0.00 344K Jan 10, 2023 Direct F1, F2, F3
transaction COIN Class A Common Stock Sale -$1.9M -50.2K -14.62% $37.87 293K Jan 10, 2023 Direct F4, F5
transaction COIN Class A Common Stock Sale -$1.22M -31K -10.58% $39.29 262K Jan 10, 2023 Direct F4, F6
transaction COIN Class A Common Stock Sale -$268K -6.73K -2.57% $39.89 256K Jan 10, 2023 Direct F4, F7
holding COIN Class A Common Stock 20.9K Jan 10, 2023 By ACB 2021, LLC F8

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 Employee Stock Option (right to buy) Options Exercise $0 -150K -19.54% $0.00 618K Jan 10, 2023 Class B Common Stock 150K $6.97 Direct F1, F9
transaction COIN Class B Common Stock Options Exercise $0 +150K $0.00 150K Jan 10, 2023 Class A Common Stock 150K Direct F1, F3
transaction COIN Class B Common Stock Conversion of derivative security $0 -150K -100% $0.00* 0 Jan 10, 2023 Class A Common Stock 150K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 1, 2022, during an open trading window.
F2 Represents the conversion of Class B Common Stock held of record by the Reporting Person into Class A Common Stock.
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 These transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 1, 2022, during an open trading window, to cover the exercise price, commissions, fees and estimated tax withholding obligations in connection with the exercise of stock options. The Reporting Person did not sell or otherwise dispose of shares for any reason other than to cover such exercise price, commissions, fees and estimated required taxes.
F5 Represents the weighted average sale price. The lowest price at which shares were sold was $37.76 and the highest price at which shares were sold was $38.75. 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 (5) through (7) to this Form 4.
F6 Represents the weighted average sale price. The lowest price at which shares were sold was $38.795 and the highest price at which shares were sold was $39.79.
F7 Represents the weighted average sale price. The lowest price at which shares were sold was $39.80 and the highest price at which shares were sold was $40.00.
F8 These shares are held of record by ACB 2021, LLC, of which the Reporting Person is the sole member. The Reporting Person disclaims beneficial ownership of the shares owned by ACB 2021, LLC, except to the extent of her pecuniary interest therein, if any.
F9 The options vested with respect to 1/4th of the total shares on April 17, 2019, and the remaining 3/4th of the options vest in equal monthly installments thereafter until the options are fully vested on April 17, 2022, subject to the Reporting Person's continued service to the Issuer on each vesting date. The option contains an early-exercise provision and is exercisable as to unvested shares, subject to the Issuer's right of repurchase.