Kathryn Haun - Feb 20, 2023 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role
Director
Signature
/s/ Doug Sharp, Attorney-in-Fact for Kathryn Haun
Stock symbol
COIN
Transactions as of
Feb 20, 2023
Transactions value $
$0
Form type
4
Date filed
2/22/2023, 03:29 PM
Previous filing
Nov 22, 2022
Next filing
Jun 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COIN Class A Common Stock Gift $0 -129K -100% $0.00* 0 Feb 10, 2023 By The Gherardesca Annuity Trust F1, F2
transaction COIN Class A Common Stock Gift $0 +77.8K +239.67% $0.00 110K Feb 10, 2023 Direct F1
transaction COIN Class A Common Stock Options Exercise $0 +2.42K +2.19% $0.00 113K Feb 20, 2023 Direct F3
holding COIN Class A Common Stock 57.5K Feb 20, 2023 By Gherardesca LLC F4

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 -2.42K -100% $0.00* 0 Feb 20, 2023 Class A Common Stock 2.42K $0.00 Direct F3, F5, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the transfer on February 10, 2023, (i) of 77,772 shares of Class A Common Stock from The Gherardesca Annuity Trust ("GRAT") to the Reporting Person in satisfaction of GRAT annuity payments owed to the Reporting Person and (ii) 50,736 shares of Class A Common Stock from the GRAT to EZT Trust. The GRAT annuity payment and transfer reflected on this Form 4 were entered into in connection with the Reporting Person's long-term estate planning.
F2 The Reporting Person is the settlor and investment trustee of the Gherardesca Annuity Trust. As investment trustee, the Reporting Person has sole voting and investment power over the shares held by the Gherardesca Annuity Trust. The Reporting Person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein, if any.
F3 Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
F4 These shares are held of record by Gherardesca LLC. The Reporting Person is one of two investment managers of Gherardesca LLC. As an investment manager, the Reporting Person has shared voting and investment power over the shares held by Gherardesca LLC. The Reporting Person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein, if any.
F5 Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F6 The RSUs vest with respect to 12.5% of the total award on May 20, 2021, and an additional 12.5% of the award vests in equal quarterly installments thereafter until the award is fully vested on February 20, 2023, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F7 RSUs do not expire; they either vest or are canceled prior to vesting date.

Remarks:

Exhibit 24 - Power of Attorney