Emilie Choi - 11 Nov 2025 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Reporting relationship: President & COO
Issuer ticker: COIN
Reported as of: 11 Nov 2025
Net transaction value: -$31,087,593
SEC form: 4
Accepted by SEC: 13 Nov 2025, 16:16:54 UTC
Prior SEC filing: 22 Aug 2025
Next SEC filing: 24 Nov 2025
Source filing: View source filing
Reporting owner signature: /s/ Emilie Choi, by Lailey Rezai, Attorney-in-Fact

Key filing fact

Emilie Choi filed Form 4 for Coinbase Global, Inc. (COIN) on 13 Nov 2025.

Key facts

This page summarizes Emilie Choi's Form 4 filing for Coinbase Global, Inc. (COIN).
17 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 13 Nov 2025, 16:16.

Change

Previous filing in this sequence was filed on 22 Aug 2025.
Current net transaction value: -$31,087,593.

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

Reporting Owners (1)

CIK 0001851658 Primary reporting owner

Choi Emilie

Relationship: President & COO
Address: C/O COINBASE GLOBAL, INC., ONE MADISON AVENUE, SUITE 2400, NEW YORK
Signature: /s/ Emilie Choi, by Lailey Rezai, Attorney-in-Fact
Signature date: 13 Nov 2025

Reported non-derivative transactions

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

COIN transaction

Class A Common Stock

Conversion of derivative security

Transaction value: $0
Shares: +100,000
Change %: +53%
Price: $0.000000
Shares after: 287,802
Date: 11 Nov 2025
Ownership: Direct
Footnotes: F1, F2, F3

COIN transaction

Class A Common Stock

Sale

Transaction value: $3,345,716
Shares: -11,004
Change %: -3.8%
Price: $304.05
Shares after: 276,798
Date: 11 Nov 2025
Ownership: Direct
Footnotes: F1, F4

COIN transaction

Class A Common Stock

Sale

Transaction value: $764,178
Shares: -2,504
Change %: -0.9%
Price: $305.18
Shares after: 274,294
Date: 11 Nov 2025
Ownership: Direct
Footnotes: F1, F5

COIN transaction

Class A Common Stock

Sale

Transaction value: $465,622
Shares: -1,520
Change %: -0.55%
Price: $306.33
Shares after: 272,774
Date: 11 Nov 2025
Ownership: Direct
Footnotes: F1, F6

COIN transaction

Class A Common Stock

Sale

Transaction value: $579,494
Shares: -1,886
Change %: -0.69%
Price: $307.26
Shares after: 270,888
Date: 11 Nov 2025
Ownership: Direct
Footnotes: F1, F7

COIN transaction

Class A Common Stock

Sale

Transaction value: $282,295
Shares: -916
Change %: -0.34%
Price: $308.18
Shares after: 269,972
Date: 11 Nov 2025
Ownership: Direct
Footnotes: F1, F8

COIN transaction

Class A Common Stock

Sale

Transaction value: $1,313,338
Shares: -4,241
Change %: -1.6%
Price: $309.68
Shares after: 265,731
Date: 11 Nov 2025
Ownership: Direct
Footnotes: F1, F9

COIN transaction

Class A Common Stock

Sale

Transaction value: $1,684,885
Shares: -5,421
Change %: -2%
Price: $310.81
Shares after: 260,310
Date: 11 Nov 2025
Ownership: Direct
Footnotes: F1, F10

COIN transaction

Class A Common Stock

Sale

Transaction value: $8,841,037
Shares: -28,375
Change %: -11%
Price: $311.58
Shares after: 231,935
Date: 11 Nov 2025
Ownership: Direct
Footnotes: F1, F11

COIN transaction

Class A Common Stock

Sale

Transaction value: $9,191,596
Shares: -29,424
Change %: -13%
Price: $312.38
Shares after: 202,511
Date: 11 Nov 2025
Ownership: Direct
Footnotes: F1, F12

COIN transaction

Class A Common Stock

Sale

Transaction value: $2,797,294
Shares: -8,920
Change %: -4.4%
Price: $313.60
Shares after: 193,591
Date: 11 Nov 2025
Ownership: Direct
Footnotes: F1, F13

COIN transaction

Class A Common Stock

Sale

Transaction value: $1,444,716
Shares: -4,594
Change %: -2.4%
Price: $314.48
Shares after: 188,997
Date: 11 Nov 2025
Ownership: Direct
Footnotes: F1, F14

COIN transaction

Class A Common Stock

Sale

Transaction value: $301,430
Shares: -955
Change %: -0.51%
Price: $315.63
Shares after: 188,042
Date: 11 Nov 2025
Ownership: Direct
Footnotes: F1, F15

COIN transaction

Class A Common Stock

Sale

Transaction value: $75,994
Shares: -240
Change %: -0.13%
Price: $316.64
Shares after: 187,802
Date: 11 Nov 2025
Ownership: Direct
Footnotes: F1, F16

COIN holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 57,610
Date: 11 Nov 2025
Ownership: By Sixers LLC
Footnotes: F17

COIN holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 23,199
Date: 11 Nov 2025
Ownership: By Starvurst Non-Exempt Trust
Footnotes: F18

COIN holding

Class A Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 49,643
Date: 11 Nov 2025
Ownership: By Starvurst Exempt Trust
Footnotes: F19

Reported derivative securities

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

COIN transaction Derivative

Employee Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -100,000
Change %: -91%
Price: $0.000000
Shares after: 10,000
Date: 11 Nov 2025
Ownership: Direct
Underlying class: Class B Common Stock
Underlying amount: 100,000
Exercise price: $6.97
Footnotes: F1, F20

COIN transaction Derivative

Class B Common Stock

Options Exercise

Transaction value: $0
Shares: +100,000
Change %
Price: $0.000000
Shares after: 100,000
Date: 11 Nov 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 100,000
Exercise price
Footnotes: F1, F3

COIN transaction Derivative

Class B Common Stock

Conversion of derivative security

Transaction value: $0
Shares: -100,000
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 11 Nov 2025
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 100,000
Exercise price
Footnotes: F1, F2, F3

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 20 footnotes

Footnote 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 12, 2025, during an open trading window.

Footnote F2

Represents the conversion of Class B Common Stock held of record by the Reporting Person into Class A Common Stock.

Footnote 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.

Footnote F4

Represents the weighted average sale price. The lowest price at which shares were sold was $303.75 and the highest price at which shares were sold was $304.73. 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) through (16) to this Form 4.

Footnote F5

Represents the weighted average sale price. The lowest price at which shares were sold was $304.75 and the highest price at which shares were sold was $305.72.

Footnote F6

Represents the weighted average sale price. The lowest price at which shares were sold was $305.77 and the highest price at which shares were sold was $306.75.

Footnote F7

Represents the weighted average sale price. The lowest price at which shares were sold was $306.80 and the highest price at which shares were sold was $307.79.

Footnote F8

Represents the weighted average sale price. The lowest price at which shares were sold was $307.81 and the highest price at which shares were sold was $308.79.

Footnote F9

Represents the weighted average sale price. The lowest price at which shares were sold was $309.00 and the highest price at which shares were sold was $309.94.

Footnote F10

Represents the weighted average sale price. The lowest price at which shares were sold was $310.09 and the highest price at which shares were sold was $311.08.

Footnote F11

Represents the weighted average sale price. The lowest price at which shares were sold was $311.09 and the highest price at which shares were sold was $312.08.

Footnote F12

Represents the weighted average sale price. The lowest price at which shares were sold was $312.09 and the highest price at which shares were sold was $313.07.

Footnote F13

Represents the weighted average sale price. The lowest price at which shares were sold was $313.10 and the highest price at which shares were sold was $314.09.

Footnote F14

Represents the weighted average sale price. The lowest price at which shares were sold was $314.10 and the highest price at which shares were sold was $315.08.

Footnote F15

Represents the weighted average sale price. The lowest price at which shares were sold was $315.16 and the highest price at which shares were sold was $316.00.

Footnote F16

Represents the weighted average sale price. The lowest price at which shares were sold was $316.18 and the highest price at which shares were sold was $316.75.

Footnote F17

These shares are held by Sixers LLC, of which the Coinbase Annuity Trust is the sole member. The Reporting Person's spouse is the trustee of the Coinbase Annuity Trust. The Reporting Person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein, if any.

Footnote F18

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.

Footnote F19

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.

Footnote F20

The options vest in equal increments on the 5th day of each month until the options are fully vested on March 5, 2022, 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.