Frederick Ernest Ehrsam III - 17 Apr 2024 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Signature
/s/ Frederick Ernest Ehrsam III, by Lailey Rezai, Attorney-in-Fact
Issuer symbol
COIN
Transactions as of
17 Apr 2024
Net transactions value
-$3,505,222
Form type
4
Filing time
19 Apr 2024, 16:12:52 UTC
Previous filing
10 Apr 2024
Next filing
25 Apr 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 +16,380 $0.000000 16,380 17 Apr 2024 By The Frederick Ernest Ehrsam III Living Trust F1, F2, F3
transaction COIN Class A Common Stock Sale $82,783 -400 -2.4% $206.96 15,980 17 Apr 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F4
transaction COIN Class A Common Stock Sale $166,545 -800 -5% $208.18 15,180 17 Apr 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F5
transaction COIN Class A Common Stock Sale $272,321 -1,300 -8.6% $209.48 13,880 17 Apr 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F6
transaction COIN Class A Common Stock Sale $247,719 -1,175 -8.5% $210.82 12,705 17 Apr 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F7
transaction COIN Class A Common Stock Sale $479,175 -2,260 -18% $212.02 10,445 17 Apr 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F8
transaction COIN Class A Common Stock Sale $493,029 -2,315 -22% $212.97 8,130 17 Apr 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F9
transaction COIN Class A Common Stock Sale $712,821 -3,330 -41% $214.06 4,800 17 Apr 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F10
transaction COIN Class A Common Stock Sale $236,628 -1,100 -23% $215.12 3,700 17 Apr 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F11
transaction COIN Class A Common Stock Sale $64,876 -300 -8.1% $216.25 3,400 17 Apr 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F12
transaction COIN Class A Common Stock Sale $65,211 -300 -8.8% $217.37 3,100 17 Apr 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F13
transaction COIN Class A Common Stock Sale $131,196 -600 -19% $218.66 2,500 17 Apr 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F14
transaction COIN Class A Common Stock Sale $175,851 -800 -32% $219.81 1,700 17 Apr 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F15
transaction COIN Class A Common Stock Sale $176,684 -800 -47% $220.85 900 17 Apr 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F16
transaction COIN Class A Common Stock Sale $133,221 -600 -67% $222.04 300 17 Apr 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F17
transaction COIN Class A Common Stock Sale $44,694 -200 -67% $223.47 100 17 Apr 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F18
transaction COIN Class A Common Stock Sale $22,469 -100 -100% $224.69 0 17 Apr 2024 By The Frederick Ernest Ehrsam III Living Trust F2
holding COIN Class A Common Stock 4,662 17 Apr 2024 Direct

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 -16,380 -0.26% $0.000000 6,299,632 17 Apr 2024 Class A Common Stock 16,380 By The Frederick Ernest Ehrsam III Living Trust F1, F2, F3
holding COIN Class B Common Stock 601,637 17 Apr 2024 Class A Common Stock 601,637 By The Brian Armstrong Legacy Trust F3, F19
holding COIN Class B Common Stock 2,719,574 17 Apr 2024 Class A Common Stock 2,719,574 By The Armstrong 2014 Irrevocable Trust F3, F20
holding COIN Class B Common Stock 7,301,833 17 Apr 2024 Class A Common Stock 7,301,833 By The Armstrong 2018 Irrevocable Trust F3, F21
* 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 Frederick Ernest Ehrsam III 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 21, 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 $206.64 and the highest price at which shares were sold was $207.57. 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 (18) to this Form 4.
F5 Represents the weighted average sale price. The lowest price at which shares were sold was $207.64 and the highest price at which shares were sold was $208.59.
F6 Represents the weighted average sale price. The lowest price at which shares were sold was $209.03 and the highest price at which shares were sold was $209.945.
F7 Represents the weighted average sale price. The lowest price at which shares were sold was $210.51 and the highest price at which shares were sold was $211.50.
F8 Represents the weighted average sale price. The lowest price at which shares were sold was $211.54 and the highest price at which shares were sold was $212.515.
F9 Represents the weighted average sale price. The lowest price at which shares were sold was $212.55 and the highest price at which shares were sold was $213.475.
F10 Represents the weighted average sale price. The lowest price at which shares were sold was $213.61 and the highest price at which shares were sold was $214.605.
F11 Represents the weighted average sale price. The lowest price at which shares were sold was $214.68 and the highest price at which shares were sold was $215.57.
F12 Represents the weighted average sale price. The lowest price at which shares were sold was $216.01 and the highest price at which shares were sold was $216.56.
F13 Represents the weighted average sale price. The lowest price at which shares were sold was $217.06 and the highest price at which shares were sold was $217.60.
F14 Represents the weighted average sale price. The lowest price at which shares were sold was $218.15 and the highest price at which shares were sold was $219.01.
F15 Represents the weighted average sale price. The lowest price at which shares were sold was $219.34 and the highest price at which shares were sold was $220.33.
F16 Represents the weighted average sale price. The lowest price at which shares were sold was $220.38 and the highest price at which shares were sold was $221.25.
F17 Represents the weighted average sale price. The lowest price at which shares were sold was $221.60 and the highest price at which shares were sold was $222.55.
F18 Represents the weighted average sale price. The lowest price at which shares were sold was $223.31 and the highest price at which shares were sold was $223.70.
F19 These shares are held by The Brian Armstrong Legacy 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.
F20 These shares are held by The Brian Armstrong 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.
F21 These shares are held by the Brian Armstrong 2018 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.