Frederick Ernest Ehrsam III - Jan 3, 2024 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Signature
/s/ Frederick Ernest Ehrsam III, by Doug Sharp, Attorney-in-Fact
Stock symbol
COIN
Transactions as of
Jan 3, 2024
Transactions value $
-$14,898,096
Form type
4
Date filed
1/5/2024, 04:15 PM
Previous filing
Dec 29, 2023
Next filing
Jan 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COIN Class A Common Stock Sale -$43.5K -300 -0.06% $145.11 495K Jan 3, 2024 By The Frederick Ernest Ehrsam III Living Trust F1, F2
transaction COIN Class A Common Stock Sale -$29.2K -200 -0.04% $146.18 495K Jan 3, 2024 By The Frederick Ernest Ehrsam III Living Trust F1, F3
transaction COIN Class A Common Stock Sale -$234K -1.59K -0.32% $147.08 493K Jan 3, 2024 By The Frederick Ernest Ehrsam III Living Trust F1, F4
transaction COIN Class A Common Stock Sale -$178K -1.2K -0.24% $148.39 492K Jan 3, 2024 By The Frederick Ernest Ehrsam III Living Trust F1, F5
transaction COIN Class A Common Stock Sale -$1.3M -8.69K -1.77% $149.50 483K Jan 3, 2024 By The Frederick Ernest Ehrsam III Living Trust F1, F6
transaction COIN Class A Common Stock Sale -$1.87M -12.4K -2.57% $150.30 471K Jan 3, 2024 By The Frederick Ernest Ehrsam III Living Trust F1, F7
transaction COIN Class A Common Stock Sale -$970K -6.41K -1.36% $151.41 464K Jan 3, 2024 By The Frederick Ernest Ehrsam III Living Trust F1, F8
transaction COIN Class A Common Stock Sale -$3.57M -23.4K -5.05% $152.49 441K Jan 3, 2024 By The Frederick Ernest Ehrsam III Living Trust F1, F9
transaction COIN Class A Common Stock Sale -$4.6M -30K -6.8% $153.46 411K Jan 3, 2024 By The Frederick Ernest Ehrsam III Living Trust F1, F10
transaction COIN Class A Common Stock Sale -$1.72M -11.1K -2.71% $154.31 400K Jan 3, 2024 By The Frederick Ernest Ehrsam III Living Trust F1, F11
transaction COIN Class A Common Stock Sale -$371K -2.39K -0.6% $155.18 398K Jan 3, 2024 By The Frederick Ernest Ehrsam III Living Trust F1, F12
transaction COIN Class A Common Stock Sale -$15.6K -100 -0.03% $156.03 397K Jan 3, 2024 By The Frederick Ernest Ehrsam III Living Trust F1, F13
holding COIN Class A Common Stock 4.66K Jan 3, 2024 Direct
holding COIN Class A Common Stock 2.58M Jan 3, 2024 By Paradigm Fund, LP F14
holding COIN Class A Common Stock 1.93M Jan 3, 2024 By Paradigm One LP F15
* 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 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 21, 2023, during an open trading window.
F2 Represents the weighted average sale price. The lowest price at which shares were sold was $144.64 and the highest price at which shares were sold was $145.38. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the ranges set forth in footnotes (2) through (13) to this Form 4.
F3 Represents the weighted average sale price. The lowest price at which shares were sold was $145.71 and the highest price at which shares were sold was $146.65.
F4 Represents the weighted average sale price. The lowest price at which shares were sold was $146.735 and the highest price at which shares were sold was $147.67.
F5 Represents the weighted average sale price. The lowest price at which shares were sold was $147.88 and the highest price at which shares were sold was $148.69.
F6 Represents the weighted average sale price. The lowest price at which shares were sold was $148.91 and the highest price at which shares were sold was $149.90.
F7 Represents the weighted average sale price. The lowest price at which shares were sold was $149.91 and the highest price at which shares were sold was $150.89.
F8 Represents the weighted average sale price. The lowest price at which shares were sold was $150.93 and the highest price at which shares were sold was $151.92.
F9 Represents the weighted average sale price. The lowest price at which shares were sold was $151.95 and the highest price at which shares were sold was $152.94.
F10 Represents the weighted average sale price. The lowest price at which shares were sold was $152.95 and the highest price at which shares were sold was $153.94.
F11 Represents the weighted average sale price. The lowest price at which shares were sold was $153.95 and the highest price at which shares were sold was $154.94.
F12 Represents the weighted average sale price. The lowest price at which shares were sold was $154.95 and the highest price at which shares were sold was $155.72.
F13 Represents the weighted average sale price. The lowest price at which shares were sold was $156.03 and the highest price at which shares were sold was $156.04.
F14 These shares are held by Paradigm Fund L.P. Paradigm Fund GP LLC, the general partner of Paradigm Fund L.P., has sole voting and investment power with regard to the shares held by Paradigm Fund L.P. The Frederick Ernest Ehrsam III Living Trust and Matt Huang are the managing members of Paradigm Fund GP LLC. The Reporting Person is the trustee of The Frederick Ernest Ehrsam III Living Trust. Shares held by Paradigm Fund L.P. include shares that may be subsequently sold by each of the each of Frederick Ernest Ehrsam III Living Trust and Matt Huang following in-kind distributions of shares by such entity. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any.
F15 These shares are held by Paradigm One LP. Paradigm One GP LLC, the general partner of Paradigm One LP, has sole voting and investment power with regard to the shares held by Paradigm One LP. The Frederick Ernest Ehrsam III Living Trust and Matt Huang are the managing members of Paradigm One GP LLC. The Reporting Person is the trustee of The Frederick Ernest Ehrsam III Living Trust. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any.