Emilie Choi - 27 Feb 2024 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role
President & COO
Signature
/s/ Emilie Choi, by Lailey Rezai, Attorney-in-Fact
Issuer symbol
COIN
Transactions as of
27 Feb 2024
Net transactions value
-$18,823,458
Form type
4
Filing time
29 Feb 2024, 16:34:31 UTC
Previous filing
27 Mar 2024
Next filing
05 Mar 2024
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 $1,871,000 +100,000 +42% $18.71 337,051 27 Feb 2024 Direct F1
transaction COIN Class A Common Stock Sale $3,310,707 -16,416 -4.9% $201.68 320,635 27 Feb 2024 Direct F1, F2
transaction COIN Class A Common Stock Sale $5,449,354 -26,858 -8.4% $202.90 293,777 27 Feb 2024 Direct F1, F3
transaction COIN Class A Common Stock Sale $1,521,827 -7,460 -2.5% $204.00 286,317 27 Feb 2024 Direct F1, F4
transaction COIN Class A Common Stock Sale $10,098,456 -49,266 -17% $204.98 237,051 27 Feb 2024 Direct F1, F5
transaction COIN Class A Common Stock Sale $314,115 -1,500 -0.63% $209.41 235,551 28 Feb 2024 Direct F1
holding COIN Class A Common Stock 49,643 27 Feb 2024 By Starvurst Exempt Trust F6
holding COIN Class A Common Stock 21,726 27 Feb 2024 By Sixers LLC F7
holding COIN Class A Common Stock 23,199 27 Feb 2024 By Starvurst Non-Exempt Trust F8

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 -100,000 -7.6% $0.000000 1,208,513 27 Feb 2024 Class A Common Stock 100,000 $18.71 Direct F1, F9
* 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 30, 2023, during an open trading window.
F2 Represents the weighted average sale price. The lowest price at which shares were sold was $201.33 and the highest price at which shares were sold was $202.32. 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 (5) to this Form 4.
F3 Represents the weighted average sale price. The lowest price at which shares were sold was $202.35 and the highest price at which shares were sold was $203.34.
F4 Represents the weighted average sale price. The lowest price at which shares were sold was $203.35 and the highest price at which shares were sold was $204.34.
F5 4. Represents the weighted average sale price. The lowest price at which shares were sold was $204.35 and the highest price at which shares were sold was $205.02.
F6 These shares are held by the Starvurst Exempt Trust, of which the Reporting Person's spouse is a co-trustee.
F7 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.
F8 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.
F9 The options vest in equal monthly increments over four years, with the first 1/48 of the options vesting on July 3, 2019, until the options are fully vested on June 3, 2023, 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.