Alesia J. Haas - 15 Feb 2025 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Signature
/s/ Alesia J. Haas, by Lailey Rezai, Attorney-in-Fact
Issuer symbol
COIN
Transactions as of
15 Feb 2025
Net transactions value
-$2,018,791
Form type
4
Filing time
19 Feb 2025, 16:14:40 UTC
Previous filing
17 Jan 2025
Next filing
24 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COIN Class A Common Stock Sale $1,533,400 -5,500 -4.4% $278.80 118,970 18 Feb 2025 Direct F1
transaction COIN Class A Common Stock Sale $485,391 -1,741 -9.1% $278.80 17,414 18 Feb 2025 By ACB 2021, LLC F1, F2

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 Restricted Stock Units Award $0 +49,214 $0.000000 49,214 15 Feb 2025 Class A Common Stock 49,214 $0.000000 Direct F3, F4, 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 29, 2024, during an open trading window.
F2 These shares are held of record by ACB 2021, LLC, of which the Reporting Person is the sole member. The Reporting Person disclaims beneficial ownership of the shares owned by ACB 2021, LLC, except to the extent of her pecuniary interest therein, if any.
F3 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F4 The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on May 20, 2025, until the award is fully vested on February 20, 2028, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F5 RSUs do not expire; they either vest or are canceled prior to vesting date.