Brian Armstrong - Jan 13, 2023 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
Jan 13, 2023
Transactions value $
-$4,551,203
Form type
4
Date filed
1/18/2023, 03:19 PM
Previous filing
Jan 6, 2023
Next filing
Feb 1, 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 +58.1K $0.00 58.1K Jan 13, 2023 By The Brian Armstrong Living Trust F1, F2, F3
transaction COIN Class A Common Stock Sale -$2.91M -58.1K -100% $50.06 0 Jan 13, 2023 By The Brian Armstrong Living Trust F2, F4
transaction COIN Class A Common Stock Conversion of derivative security $0 +31.1K $0.00 31.1K Jan 17, 2023 By The Brian Armstrong Living Trust F1, F2, F3
transaction COIN Class A Common Stock Sale -$229K -4.45K -14.29% $51.35 26.7K Jan 17, 2023 By The Brian Armstrong Living Trust F2, F5
transaction COIN Class A Common Stock Sale -$660K -12.6K -47.24% $52.32 14.1K Jan 17, 2023 By The Brian Armstrong Living Trust F2, F6
transaction COIN Class A Common Stock Sale -$390K -7.34K -52.14% $53.15 6.74K Jan 17, 2023 By The Brian Armstrong Living Trust F2, F7
transaction COIN Class A Common Stock Sale -$355K -6.54K -97.03% $54.32 200 Jan 17, 2023 By The Brian Armstrong Living Trust F2, F8
transaction COIN Class A Common Stock Sale -$11K -200 -100% $54.90 0 Jan 17, 2023 By The Brian Armstrong Living Trust F2, F9

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 -58.1K -0.22% $0.00 26.4M Jan 13, 2023 Class A Common Stock 58.1K By The Brian Armstrong Living Trust F1, F2, F3
transaction COIN Class B Common Stock Conversion of derivative security $0 -31.1K -0.12% $0.00 26.4M Jan 17, 2023 Class A Common Stock 31.1K By The Brian Armstrong Living Trust F1, F2, F3
holding COIN Class B Common Stock 6.16M Jan 13, 2023 Class A Common Stock 6.16M By The Brian Armstrong 2020 Grantor Retained Annuity Trust F3
holding COIN Class B Common Stock 950K Jan 13, 2023 Class A Common Stock 950K By The Ehrsam 2014 Irrevocable Trust F3, F10
* 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 $50.00 and the highest price at which shares were sold was $50.62. 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 9 to this Form 4.
F5 Represents the weighted average sale price. The lowest price at which shares were sold was $50.76 and the highest price at which shares were sold was $51.74.
F6 Represents the weighted average sale price. The lowest price at which shares were sold was $51.76 and the highest price at which shares were sold was $52.75.
F7 Represents the weighted average sale price. The lowest price at which shares were sold was $52.76 and the highest price at which shares were sold was $53.74.
F8 Represents the weighted average sale price. The lowest price at which shares were sold was $53.86 and the highest price at which shares were sold was $54.825.
F9 Represents the weighted average sale price. The lowest price at which shares were sold was $54.87 and the highest price at which shares were sold was $54.92.
F10 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.