Jennifer N. Jones - Jun 27, 2023 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role
Chief Accounting Officer
Signature
/s/ Jennifer N. Jones, by Steven Madrid, Attorney-in-Fact
Stock symbol
COIN
Transactions as of
Jun 27, 2023
Transactions value $
-$5,206,250
Form type
4
Date filed
6/29/2023, 04:11 PM
Previous filing
Jun 6, 2023
Next filing
Jul 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COIN Class A Common Stock Conversion of derivative security $0 +74.4K +214.02% $0.00 109K Jun 27, 2023 Direct F1, F2, F3
transaction COIN Class A Common Stock Sale -$5.21M -74.4K -68.15% $70.00 34.8K Jun 27, 2023 Direct F1

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 Employee Stock Option (right to buy) Options Exercise $0 -74.4K -100% $0.00* 0 Jun 27, 2023 Class B Common Stock 74.4K $6.97 Direct F1, F4
transaction COIN Class B Common Stock Options Exercise $0 +74.4K $0.00 74.4K Jun 27, 2023 Class A Common Stock 74.4K Direct F1, F3
transaction COIN Class B Common Stock Conversion of derivative security $0 -74.4K -100% $0.00* 0 Jun 27, 2023 Class A Common Stock 74.4K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transactions reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on March 3, 2023, during an open trading window.
F2 Represents the conversion of Class B Common Stock held of record by the Reporting Person into Class A Common Stock.
F3 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.
F4 The options vest in equal increments on the 30th day of each month until the options are fully vested on July 30, 2022, subject to the Reporting Person's continued service to the Issuer on each vesting date. The option contains an early-exercise provision and is exercisable as to unvested shares, subject to the Issuer's right of repurchase.