Paul Grewal - 25 Sep 2024 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role
Chief Legal Officer
Signature
/s/ Paul Grewal, by Lailey Rezai, Attorney-in-Fact
Issuer symbol
COIN
Transactions as of
25 Sep 2024
Net transactions value
-$1,438,351
Form type
4
Filing time
30 Sep 2024, 16:26:20 UTC
Previous filing
04 Sep 2024
Next filing
29 Oct 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 $262,600 +10,000 +13% $26.26 84,956 25 Sep 2024 Direct F1
transaction COIN Class A Common Stock Sale $253,511 -1,512 -1.8% $167.67 83,444 25 Sep 2024 Direct F1, F2
transaction COIN Class A Common Stock Sale $303,066 -1,800 -2.2% $168.37 81,644 25 Sep 2024 Direct F1, F3
transaction COIN Class A Common Stock Sale $203,615 -1,200 -1.5% $169.68 80,444 25 Sep 2024 Direct F1, F4
transaction COIN Class A Common Stock Sale $442,205 -2,588 -3.2% $170.87 77,856 25 Sep 2024 Direct F1, F5
transaction COIN Class A Common Stock Sale $360,321 -2,100 -2.7% $171.58 75,756 25 Sep 2024 Direct F1, F6
transaction COIN Class A Common Stock Sale $120,884 -700 -0.92% $172.69 75,056 25 Sep 2024 Direct F1, F7
transaction COIN Class A Common Stock Sale $17,349 -100 -0.13% $173.49 74,956 25 Sep 2024 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 -10,000 -3.7% $0.000000 261,722 25 Sep 2024 Class A Common Stock 10,000 $26.26 Direct F1, F8
* 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 23, 2023, during an open trading window.
F2 Represents the weighted average sale price. The lowest price at which shares were sold was $167.02 and the highest price at which shares were sold was $167.97. 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 range set forth in footnotes (2) through (7) to this Form 4.
F3 Represents the weighted average sale price. The lowest price at which shares were sold was $168.02 and the highest price at which shares were sold was $168.88.
F4 Represents the weighted average sale price. The lowest price at which shares were sold was $169.16 and the highest price at which shares were sold was $170.14.
F5 Represents the weighted average sale price. The lowest price at which shares were sold was $170.26 and the highest price at which shares were sold was $171.16.
F6 Represents the weighted average sale price. The lowest price at which shares were sold was $171.27 and the highest price at which shares were sold was $172.13.
F7 Represents the weighted average sale price. The lowest price at which shares were sold was $172.32 and the highest price at which shares were sold was $173.16.
F8 1/4 of the total shares underlying the option vested on August 31, 2021 and the remaining 3/4th of the shares underlying the option will vest in equal monthly installments thereafter until the option is fully vested on August 31, 2024, 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.