Alesia J. Haas - Feb 20, 2023 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role
Chief Financial Officer
Signature
/s/ Alesia J. Haas, by Doug Sharp, Attorney-in-Fact
Stock symbol
COIN
Transactions as of
Feb 20, 2023
Transactions value $
-$404,240
Form type
4
Date filed
2/22/2023, 03:28 PM
Previous filing
Jan 12, 2023
Next filing
May 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COIN Class A Common Stock Options Exercise $0 +10.4K +4.05% $0.00 266K Feb 20, 2023 Direct F1
transaction COIN Class A Common Stock Options Exercise $0 +2.14K +0.81% $0.00 268K Feb 20, 2023 Direct F1
transaction COIN Class A Common Stock Tax liability -$404K -6.2K -2.31% $65.20 262K Feb 20, 2023 Direct F2
holding COIN Class A Common Stock 20.9K Feb 20, 2023 By ACB 2021, LLC F3

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 Options Exercise $0 -10.4K -25% $0.00 31.1K Feb 20, 2023 Class A Common Stock 10.4K $0.00 Direct F1, F4, F5, F6
transaction COIN Restricted Stock Units Options Exercise $0 -2.14K -12.5% $0.00 15K Feb 20, 2023 Class A Common Stock 2.14K $0.00 Direct F1, F4, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
F2 Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs.
F3 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.
F4 Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F5 The RSUs vest with respect to 16.67% of the total award on May 20, 2021, and an additional 8.33% of the award vests quarterly thereafter until the award is fully vested on February 20, 2024, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F6 RSUs do not expire; they either vest or are canceled prior to vesting date.
F7 The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on February 20, 2022, until the award is fully vested on November 20, 2024, subject to the Reporting Person's continued service to the Issuer on each vesting date.

Remarks:

Exhibit 24 - Power of Attorney