Emilie Choi - May 20, 2023 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role
President
Signature
/s/ Emilie Choi, by Steven Madrid, Attorney-in-Fact
Stock symbol
COIN
Transactions as of
May 20, 2023
Transactions value $
-$1,083,249
Form type
4
Date filed
5/23/2023, 04:19 PM
Previous filing
Feb 22, 2023
Next filing
Jun 23, 2023

Transactions Table

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 -23K -33.33% $0.00 46.1K May 20, 2023 Class A Common Stock 23K $0.00 Direct F1, F8, F9, F10
transaction COIN Restricted Stock Units Options Exercise $0 -4.29K -14.28% $0.00 25.7K May 20, 2023 Class A Common Stock 4.29K $0.00 Direct F1, F8, F10, F11
transaction COIN Restricted Stock Units Options Exercise $0 -11.2K -9.09% $0.00 112K May 20, 2023 Class A Common Stock 11.2K $0.00 Direct F1, F8, F10, F12
* 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 (i) 96 shares acquired on May 14, 2023, pursuant to the Issuer's 2021 Employee Stock Purchase Plan; and (ii) the transfer on April 3, 2023, of 27,847 shares of Class A Common Stock from the Starvurst Annuity Trust to the Reporting Person. The transfer reflected on this Form was entered into in connection with the Reporting Person's long-term estate planning.
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 These shares are held by the Starvurst Exempt Trust, of which the Reporting Person's spouse is a co-trustee. The Reporting Person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein, if any.
F5 These shares are held by Sixers LLC, of which the Coinbase Annuity Trust is the sole member. The Reporting Person's spouse is the trustee of the Coinbase Annuity Trust. The Reporting Person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein, if any.
F6 Reflects the transfer on April 3, 2023, of 23,199 shares of Class A Common Stock from the Starvurst Annuity Trust to the Starvurst Non-Exempt Trust. The transfer reflected on this Form was entered into in connection with the Reporting Person's long-term estate planning.
F7 These shares are held by the Starvurst Non-Exempt Trust, of which the Reporting Person's spouse is a co-trustee. The Reporting Person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein, if any.
F8 Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F9 The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on February 20, 2021, until the award is fully vested on November 20, 2023, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F10 RSUs do not expire; they either vest or are canceled prior to vesting date.
F11 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.
F12 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.