Surojit Chatterjee - 20 Nov 2022 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Reporting relationship: Chief Product Officer
Issuer ticker: COIN
Reported as of: 20 Nov 2022
Net transaction value: -$48,111
SEC form: 4
Accepted by SEC: 22 Nov 2022, 19:52:45 UTC
Prior SEC filing: 23 Aug 2022
Next SEC filing: 02 Dec 2022
Source filing: View source filing
Reporting owner signature: /s/ Surojit Chatterjee, by Doug Sharp, Attorney-in-Fact

Key filing fact

Surojit Chatterjee filed Form 4 for Coinbase Global, Inc. (COIN) on 22 Nov 2022.

Key facts

This page summarizes Surojit Chatterjee's Form 4 filing for Coinbase Global, Inc. (COIN).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 22 Nov 2022, 19:52.

Change

Previous filing in this sequence was filed on 23 Aug 2022.
Current net transaction value: -$48,111.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

COIN transaction

Class A Common Stock

Options Exercise

Transaction value: $0
Shares: +2,142
Change %: +63%
Price: $0.000000
Shares after: 5,551
Date: 20 Nov 2022
Ownership: Direct
Footnotes: F1

COIN transaction

Class A Common Stock

Tax liability

Transaction value: $48,111
Shares: -1,063
Change %: -19%
Price: $45.26
Shares after: 4,488
Date: 20 Nov 2022
Ownership: Direct
Footnotes: F2

COIN holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 5,344
Date: 20 Nov 2022
Ownership: By The Chatterjee Family Revocable Trust
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

COIN transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -2,142
Change %: -11%
Price: $0.000000
Shares after: 17,143
Date: 20 Nov 2022
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 2,142
Exercise price: $0.000000
Footnotes: F1, F4, F5, F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.

Footnote F2

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.

Footnote F3

These shares are held of record by The Chatterjee Family Revocable Trust, of which the Reporting Person and the Reporting Person's spouse are co-trustees. The Reporting Person disclaims beneficial ownership of the shares owned by The Chatterjee Family Revocable Trust, except to the extent of his pecuniary interest therein, if any.

Footnote F4

Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.

Footnote F5

The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on February 20, 2022, until the award is fully vested on November 20, 2024, subject to the Reporting Person's continued service to the Issuer on each vesting date.

Footnote F6

RSUs do not expire; they either vest or are canceled prior to vesting date.