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

Role
Director
Signature
/s/ Frederick Ernest Ehrsam III, by Doug Sharp, Attorney-in-Fact
Issuer symbol
COIN
Transactions as of
31 Dec 2022
Net transactions value
$0
Form type
5
Filing time
14 Feb 2023, 15:14:47 UTC
Previous filing
03 Jun 2022
Next filing
11 May 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 Class B Common Stock Gift $0 -537,851 -18% $0.000000 2,389,492 11 Nov 2022 Class A Common Stock 537,851 By The Frederick Ernest Ehrsam III 2020 Grantor Retained Annuity Trust F1, F2, F3
transaction COIN Class B Common Stock Gift $0 +537,851 +9.2% $0.000000 6,410,558 11 Nov 2022 Class A Common Stock 537,851 By The Frederick Ernest Ehrsam III Living Trust F1, F2, F4
holding COIN Class B Common Stock 601,637 31 Dec 2022 Class A Common Stock 601,637 By Brian Armstrong Legacy Trust F1, F5
holding COIN Class B Common Stock 2,719,574 31 Dec 2022 Class A Common Stock 2,719,574 By The Armstrong 2014 Irrevocable Trust F1, F6
holding COIN Class B Common Stock 2,145,532 31 Dec 2022 Class A Common Stock 2,145,532 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