Brian Armstrong - 08 Mar 2024 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Signature
/s/ Brian Armstrong, by Doug Sharp, Attorney-in-Fact
Issuer symbol
COIN
Transactions as of
08 Mar 2024
Net transactions value
-$64,967,963
Form type
4
Filing time
12 Mar 2024, 16:28:02 UTC
Previous filing
06 Mar 2024
Next filing
13 Mar 2024

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 +250,000 $0.000000 250,000 08 Mar 2024 By The Brian Armstrong Living Trust F1, F2, F3
transaction COIN Class A Common Stock Sale $4,483,877 -17,915 -7.2% $250.29 232,085 08 Mar 2024 By The Brian Armstrong Living Trust F2, F4
transaction COIN Class A Common Stock Sale $2,288,851 -9,101 -3.9% $251.49 222,984 08 Mar 2024 By The Brian Armstrong Living Trust F2, F5
transaction COIN Class A Common Stock Sale $1,819,356 -7,206 -3.2% $252.48 215,778 08 Mar 2024 By The Brian Armstrong Living Trust F2, F6
transaction COIN Class A Common Stock Sale $2,235,208 -8,815 -4.1% $253.57 206,963 08 Mar 2024 By The Brian Armstrong Living Trust F2, F7
transaction COIN Class A Common Stock Sale $7,095,367 -27,879 -13% $254.51 179,084 08 Mar 2024 By The Brian Armstrong Living Trust F2, F8
transaction COIN Class A Common Stock Sale $997,106 -3,900 -2.2% $255.67 175,184 08 Mar 2024 By The Brian Armstrong Living Trust F2, F9
transaction COIN Class A Common Stock Sale $692,558 -2,700 -1.5% $256.50 172,484 08 Mar 2024 By The Brian Armstrong Living Trust F2, F10
transaction COIN Class A Common Stock Sale $3,947,391 -15,325 -8.9% $257.58 157,159 08 Mar 2024 By The Brian Armstrong Living Trust F2, F11
transaction COIN Class A Common Stock Sale $2,918,464 -11,287 -7.2% $258.57 145,872 08 Mar 2024 By The Brian Armstrong Living Trust F2, F12
transaction COIN Class A Common Stock Sale $5,485,170 -21,132 -14% $259.57 124,740 08 Mar 2024 By The Brian Armstrong Living Trust F2, F13
transaction COIN Class A Common Stock Sale $3,466,820 -13,309 -11% $260.49 111,431 08 Mar 2024 By The Brian Armstrong Living Trust F2, F14
transaction COIN Class A Common Stock Sale $2,841,245 -10,867 -9.8% $261.46 100,564 08 Mar 2024 By The Brian Armstrong Living Trust F2, F15
transaction COIN Class A Common Stock Sale $3,779,117 -14,400 -14% $262.44 86,164 08 Mar 2024 By The Brian Armstrong Living Trust F2, F16
transaction COIN Class A Common Stock Sale $4,707,196 -17,851 -21% $263.69 68,313 08 Mar 2024 By The Brian Armstrong Living Trust F2, F17
transaction COIN Class A Common Stock Sale $7,113,666 -26,893 -39% $264.52 41,420 08 Mar 2024 By The Brian Armstrong Living Trust F2, F18
transaction COIN Class A Common Stock Sale $3,238,631 -12,201 -29% $265.44 29,219 08 Mar 2024 By The Brian Armstrong Living Trust F2, F19
transaction COIN Class A Common Stock Sale $587,316 -2,203 -7.5% $266.60 27,016 08 Mar 2024 By The Brian Armstrong Living Trust F2, F20
transaction COIN Class A Common Stock Sale $932,431 -3,485 -13% $267.56 23,531 08 Mar 2024 By The Brian Armstrong Living Trust F2, F21
transaction COIN Class A Common Stock Sale $1,824,220 -6,792 -29% $268.58 16,739 08 Mar 2024 By The Brian Armstrong Living Trust F2, F22
transaction COIN Class A Common Stock Sale $3,985,258 -14,782 -88% $269.60 1,957 08 Mar 2024 By The Brian Armstrong Living Trust F2, F23
transaction COIN Class A Common Stock Sale $528,715 -1,957 -100% $270.17 0 08 Mar 2024 By The Brian Armstrong Living Trust F2, F24

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 Class B Common Stock Conversion of derivative security $0 -250,000 -0.95% $0.000000 25,948,500 08 Mar 2024 Class A Common Stock 250,000 By The Brian Armstrong Living Trust F1, F2, F3
holding COIN Class B Common Stock 3,008,393 08 Mar 2024 Class A Common Stock 3,008,393 By The Ehrsam 2014 Irrevocable Trust F3, F25
* 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 Represents the conversion of Class B Common Stock held of record by The Brian Armstrong Living Trust into Class A Common Stock.
F2 The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 16, 2023, during an open trading window.
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 Represents the weighted average sale price. The lowest price at which shares were sold was $250.00 and the highest price at which shares were sold was $250.975. 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 (4) through (24) to this Form 4.
F5 Represents the weighted average sale price. The lowest price at which shares were sold was $251.00 and the highest price at which shares were sold was $251.98.
F6 Represents the weighted average sale price. The lowest price at which shares were sold was $252.00 and the highest price at which shares were sold was $252.99.
F7 Represents the weighted average sale price. The lowest price at which shares were sold was $253.00 and the highest price at which shares were sold was $253.975.
F8 Represents the weighted average sale price. The lowest price at which shares were sold was $254.00 and the highest price at which shares were sold was $254.99.
F9 Represents the weighted average sale price. The lowest price at which shares were sold was $255.19 and the highest price at which shares were sold was $255.945.
F10 Represents the weighted average sale price. The lowest price at which shares were sold was $256.01 and the highest price at which shares were sold was $256.84.
F11 Represents the weighted average sale price. The lowest price at which shares were sold was $257.02 and the highest price at which shares were sold was $257.99.
F12 Represents the weighted average sale price. The lowest price at which shares were sold was $258.00 and the highest price at which shares were sold was $258.995.
F13 Represents the weighted average sale price. The lowest price at which shares were sold was $259.00 and the highest price at which shares were sold was $259.99.
F14 Represents the weighted average sale price. The lowest price at which shares were sold was $260.01 and the highest price at which shares were sold was $260.99.
F15 Represents the weighted average sale price. The lowest price at which shares were sold was $261.00 and the highest price at which shares were sold was $261.99.
F16 Represents the weighted average sale price. The lowest price at which shares were sold was $262.00 and the highest price at which shares were sold was $262.99.
F17 Represents the weighted average sale price. The lowest price at which shares were sold was $263.02 and the highest price at which shares were sold was $263.995.
F18 Represents the weighted average sale price. The lowest price at which shares were sold was $264.00 and the highest price at which shares were sold was $264.98.
F19 Represents the weighted average sale price. The lowest price at which shares were sold was $265.00 and the highest price at which shares were sold was $265.99.
F20 Represents the weighted average sale price. The lowest price at which shares were sold was $266.15 and the highest price at which shares were sold was $266.97
F21 Represents the weighted average sale price. The lowest price at which shares were sold was $267.00 and the highest price at which shares were sold was $267.99.
F22 Represents the weighted average sale price. The lowest price at which shares were sold was $268.00 and the highest price at which shares were sold was $268.95.
F23 Represents the weighted average sale price. The lowest price at which shares were sold was $269.00 and the highest price at which shares were sold was $269.97.
F24 Represents the weighted average sale price. The lowest price at which shares were sold was $270.01 and the highest price at which shares were sold was $270.43.
F25 These shares are held by The Ehrsam 2014 Irrevocable Trust, of which the Reporting Person is trustee. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any.