Emilie Choi - 05 Dec 2024 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role
President & COO
Signature
/s/ Emilie Choi, by Amanda Baratz, Attorney-in-Fact
Issuer symbol
COIN
Transactions as of
05 Dec 2024
Net transactions value
-$44,330,001
Form type
4
Filing time
09 Dec 2024, 16:37:27 UTC
Previous filing
27 Nov 2024
Next filing
23 Dec 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 $586,147 +31,328 +22% $18.71 173,020 05 Dec 2024 Direct F1, F2
transaction COIN Class A Common Stock Sale $10,938,444 -31,328 -18% $349.16 141,692 05 Dec 2024 Direct F1, F3
transaction COIN Class A Common Stock Options Exercise $1,924,380 +102,853 +73% $18.71 244,545 06 Dec 2024 Direct F1
transaction COIN Class A Common Stock Sale $35,902,084 -102,853 -42% $349.06 141,692 06 Dec 2024 Direct F1, F4
holding COIN Class A Common Stock 57,610 05 Dec 2024 By Sixers LLC F2, F5
holding COIN Class A Common Stock 49,643 05 Dec 2024 By Starvurst Exempt Trust F6
holding COIN Class A Common Stock 23,199 05 Dec 2024 By Starvurst Non-Exempt Trust F7

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 -31,328 -3.4% $0.000000 877,185 05 Dec 2024 Class A Common Stock 31,328 $18.71 Direct F1, F8
transaction COIN Employee Stock Option (right to buy) Options Exercise $0 -102,853 -12% $0.000000 774,332 06 Dec 2024 Class A Common Stock 102,853 $18.71 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 30, 2023, during an open trading window.
F2 Reflects the transfer on November 26, 2024, of 35,884 shares of Class A Common Stock from the Reporting Person to Sixers LLC. The transfer reflected on this Form was entered into in connection with the Reporting Person's long-term estate planning.
F3 Represents the weighted average sale price. The lowest price at which shares were sold was $349.00 and the highest price at which shares were sold was $349.47. 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 (3) and (4) to this Form 4.
F4 Represents the weighted average sale price. The lowest price at which shares were sold was $349.00 and the highest price at which shares were sold was $349.75.
F5 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.
F6 These shares are held by the Starvurst 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.
F7 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.
F8 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.