Emilie Choi - Nov 20, 2025 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 20, 2025
Transactions value $: -$3,697,257
Form type: 4
Date filed: 11/24/2025, 04:27 PM
Previous filing: Nov 13, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Choi Emilie	President & COO	C/O COINBASE GLOBAL, INC., ONE MADISON AVENUE, SUITE 2400, NEW YORK	/s/ Emilie Choi, by Lailey Rezai, Attorney-in-Fact	2025-11-24	0001851658

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	COIN	Class A Common Stock	Options Exercise	$0	+11.2K	+5.94%	$0.00	199K	Nov 20, 2025	Direct	F1, F2
transaction	COIN	Class A Common Stock	Options Exercise	$0	+11.7K	+5.9%	$0.00	211K	Nov 20, 2025	Direct	F1
transaction	COIN	Class A Common Stock	Options Exercise	$0	+6.08K	+2.88%	$0.00	217K	Nov 20, 2025	Direct	F1
transaction	COIN	Class A Common Stock	Tax liability	-$3.7M	-14.4K	-6.63%	$257.29	202K	Nov 20, 2025	Direct	F3
holding	COIN	Class A Common Stock						49.6K	Nov 20, 2025	By Starvurst Exempt Trust	F4
holding	COIN	Class A Common Stock						23.2K	Nov 20, 2025	By Starvurst Non-Exempt Trust	F5
holding	COIN	Class A Common Stock						57.6K	Nov 20, 2025	By Sixers LLC	F6

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	Options Exercise	$0	-11.2K	-100%	$0.00	0	Nov 20, 2025	Class A Common Stock	11.2K	$0.00	Direct	F1, F7, F8, F9
transaction	COIN	Restricted Stock Units	Options Exercise	$0	-11.7K	-20%	$0.00	47K	Nov 20, 2025	Class A Common Stock	11.7K	$0.00	Direct	F1, F7, F9, F10
transaction	COIN	Restricted Stock Units	Options Exercise	$0	-6.08K	-10%	$0.00	54.7K	Nov 20, 2025	Class A Common Stock	6.08K	$0.00	Direct	F1, F7, F9, F11

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
F2	Includes 22 shares acquired on November 14, 2025, pursuant to the Issuer's 2021 Employee Stock Purchase Plan.
F3	Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs.
F4	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.
F5	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.
F6	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.
F7	Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F8	The RSUs 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.
F9	RSUs do not expire; they either vest or are canceled prior to vesting date.
F10	The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on February 20, 2024, until the award is fully vested on November 20, 2026, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F11	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.