Emilie Choi - Nov 11, 2024 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role
President & COO
Signature
/s/ Emilie Choi, by Lailey Rezai, Attorney-in-Fact
Stock symbol
COIN
Transactions as of
Nov 11, 2024
Transactions value $
-$56,196,300
Form type
4
Date filed
11/13/2024, 04:15 PM
Previous filing
Nov 4, 2024
Next filing
Nov 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COIN Class A Common Stock Options Exercise $3.74M +200K +119.69% $18.71 367K Nov 11, 2024 Direct F1
transaction COIN Class A Common Stock Sale -$59.9M -200K -54.48% $299.69 167K Nov 11, 2024 Direct F1, F2
holding COIN Class A Common Stock 23.2K Nov 11, 2024 By Starvurst Non-Exempt Trust F3
holding COIN Class A Common Stock 21.7K Nov 11, 2024 By Sixers LLC F4

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 -200K -18.04% $0.00 909K Nov 11, 2024 Class A Common Stock 200K $18.71 Direct F1, F5
* 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 $299.00 and the highest price at which shares were sold was $299.93. 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 this footnote.
F3 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.
F4 These shares are held by Sixers LLC, of which the Reporting Person and the Starvurst Non-Exempt Trust are members. The Reporting Person's spouse is a co-trustee of the Starvurst Non-Exempt Trust. The Reporting Person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein, if any.
F5 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.