Frederick Ernest Ehrsam III - 18 Feb 2025 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role
Director
Signature
/s/ Frederick Ernest Ehrsam III, by Lailey Rezai, Attorney-in-Fact
Issuer symbol
COIN
Transactions as of
18 Feb 2025
Net transactions value
-$3,167,084
Form type
4
Filing time
20 Feb 2025, 16:20:34 UTC
Previous filing
18 Feb 2025
Next filing
15 May 2025
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 Conversion of derivative security $0 +11,421 $0.000000 11,421 18 Feb 2025 By The Frederick Ernest Ehrsam III Living Trust F1, F2, F3
transaction COIN Class A Common Stock Sale $2,191,639 -7,911 -69% $277.04 3,510 18 Feb 2025 By The Frederick Ernest Ehrsam III Living Trust F2, F4
transaction COIN Class A Common Stock Sale $975,445 -3,510 -100% $277.90 0 18 Feb 2025 By The Frederick Ernest Ehrsam III Living Trust F2, F5
holding COIN Class A Common Stock 10,417 18 Feb 2025 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 -11,421 -0.19% $0.000000 5,950,938 18 Feb 2025 Class A Common Stock 11,421 By The Frederick Ernest Ehrsam III Living Trust F1, F2, F3
* 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 25, 2024, 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 $276.52 and the highest price at which shares were sold was $277.50. 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) and (5) to this Form 4.
F5 Represents the weighted average sale price. The lowest price at which shares were sold was $277.535 and the highest price at which shares were sold was $278.40.