Jennifer N. Jones - 20 Feb 2025 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role
Chief Accounting Officer
Signature
/s/ Jennifer N. Jones, by Lailey Rezai, Attorney-in-Fact
Issuer symbol
COIN
Transactions as of
20 Feb 2025
Net transactions value
-$161,660
Form type
4
Filing time
24 Feb 2025, 16:25:51 UTC
Previous filing
19 Feb 2025
Next filing
26 Feb 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 Options Exercise $43,211 +579 +13% $74.63 5,151 20 Feb 2025 Direct F1
transaction COIN Class A Common Stock Options Exercise $21,643 +290 +5.6% $74.63 5,441 20 Feb 2025 Direct F1
transaction COIN Class A Common Stock Sale $226,514 -869 -16% $260.66 4,572 20 Feb 2025 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 -579 -16% $0.000000 3,077 20 Feb 2025 Class A Common Stock 579 $74.63 Direct F1, F2
transaction COIN Employee Stock Option (right to buy) Options Exercise $0 -290 -25% $0.000000 869 20 Feb 2025 Class A Common Stock 290 $74.63 Direct F1, 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 The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 29, 2024, during an open trading window.
F2 The options vest in equal quarterly installments over three years, with the first 1/12 vesting on February 20, 2023, until the award is fully vested on November 20, 2025, 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.
F3 The options vest in equal quarterly installments, with the first 1/11 vesting on May 20, 2023, until the award is fully vested on November 20, 2025, 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.