Frederick Ernest Ehrsam III - Dec 31, 2022 Form 5 Insider Report for Coinbase Global, Inc. (COIN)

Role
Director
Signature
/s/ Frederick Ernest Ehrsam III, by Doug Sharp, Attorney-in-Fact
Stock symbol
COIN
Transactions as of
Dec 31, 2022
Transactions value $
$0
Form type
5
Date filed
2/14/2023, 03:14 PM
Previous filing
Jun 3, 2022
Next filing
May 11, 2023

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 -538K -18.37% $0.00 2.39M Nov 11, 2022 Class A Common Stock 538K By The Frederick Ernest Ehrsam III 2020 Grantor Retained Annuity Trust F1, F2, F3
transaction COIN Class B Common Stock Gift $0 +538K +9.16% $0.00 6.41M Nov 11, 2022 Class A Common Stock 538K By The Frederick Ernest Ehrsam III Living Trust F1, F2, F4
holding COIN Class B Common Stock 602K Dec 31, 2022 Class A Common Stock 602K By Brian Armstrong Legacy Trust F1, F5
holding COIN Class B Common Stock 2.72M Dec 31, 2022 Class A Common Stock 2.72M By The Armstrong 2014 Irrevocable Trust F1, F6
holding COIN Class B Common Stock 2.15M Dec 31, 2022 Class A Common Stock 2.15M By Brian Armstrong 2018 Irrevocable Trust F1, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Reflects the transfer on November 11, 2022, of 537,851 shares of Class B Common Stock from the Frederick Ernest Ehrsam III 2020 Grantor Retained Annuity Trust ("GRAT") to the Frederick Ernest Ehrsam III Living Trust in satisfaction of GRAT annuity payments 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.
F3 These shares are held by The Frederick Ernest Ehrsam III 2020 Grantor Retained Annuity Trust, of with 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.
F4 These shares are held by The Frederick Ernest Ehrsam III Living 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.
F5 These shares are held by The Brian Armstrong Legacy 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.
F6 These shares are held by The Brian Armstrong 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.
F7 These shares are held by the Brian Armstrong 2018 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.

Remarks:

Exhibit 24 - Power of Attorney