Lawrence J. Brock - 20 May 2023 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role: Chief People Officer
Signature: /s/ Lawrence J. Brock, by Steven Madrid, Attorney-in-Fact
Issuer symbol: COIN
Transactions as of: 20 May 2023
Net transactions value: -$723,207
Form type: 4
Filing time: 23 May 2023, 16:18:27 UTC
Previous filing: 24 Feb 2023
Next filing: 26 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	COIN	Class A Common Stock	Options Exercise	$0	+24,177	+188%	$0.000000	37,065	20 May 2023	Direct	F1, F2
transaction	COIN	Class A Common Stock	Options Exercise	$0	+1,286	+3.5%	$0.000000	38,351	20 May 2023	Direct	F1
transaction	COIN	Class A Common Stock	Options Exercise	$0	+3,350	+8.7%	$0.000000	41,701	20 May 2023	Direct	F1
transaction	COIN	Class A Common Stock	Tax liability	$723,207	-12,737	-31%	$56.78	28,964	20 May 2023	Direct	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	-24,177	-14%	$0.000000	145,058	20 May 2023	Class A Common Stock	24,177	$0.000000	Direct	F1, F4, F5, F6
transaction	COIN	Restricted Stock Units	Options Exercise	$0	-1,286	-14%	$0.000000	7,714	20 May 2023	Class A Common Stock	1,286	$0.000000	Direct	F1, F4, F6, F7
transaction	COIN	Restricted Stock Units	Options Exercise	$0	-3,350	-9.1%	$0.000000	33,498	20 May 2023	Class A Common Stock	3,350	$0.000000	Direct	F1, F4, F6, F8

* 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	Includes 80 shares acquired on May 14, 2023, pursuant to the Issuer's 2021 Employee Stock Purchase Plan.
F3	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.
F4	Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F5	The RSUs vest in equal quarterly installments over two years, with the first 1/8 vesting on February 20, 2023, 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.
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.
F8	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.