Lawrence J. Brock - 05 Feb 2023 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role
Chief People Officer
Signature
/s/ Lawrence J. Brock, by Doug Sharp, Attorney-in-Fact
Issuer symbol
COIN
Transactions as of
05 Feb 2023
Net transactions value
$0
Form type
4
Filing time
07 Feb 2023, 15:30:55 UTC
Previous filing
07 Feb 2023
Next filing
22 Feb 2023
SEC
View on sec.gov

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 Award $0 +40,198 $0.000000 40,198 05 Feb 2023 Class A Common Stock 40,198 $0.000000 Direct F1, F2, F3
transaction COIN Employee Stock Option (right to buy) Award $0 +55,617 $0.000000 55,617 05 Feb 2023 Class A Common Stock 55,617 $74.63 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F2 The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on February 20, 2023, until the award is fully vested on November 20, 2025, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F3 RSUs do not expire; they either vest or are canceled prior to vesting date.
F4 The options vest in equal quarterly installments over three years, with the first 1/12 vesting on February 20, 2023, until the award is fully vested on November 20, 2025, 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.