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Filing Details

Accession Number:: 0001679788-22-000127
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-11-22 20:57:22
Reporting Period:: 2022-11-20

Accepted Time:: 2022-11-22 20:57:22
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1679788	Coinbase Global Inc.	COIN	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1668711	J Alesia Haas	C/O Coinbase Global, Inc. Not Applicable DE	Chief Financial Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Acquisiton	2022-11-20	10,362	$0.00	30,380	No	4	M	Direct
Class A Common Stock	Acquisiton	2022-11-20	2,142	$0.00	32,522	No	4	M	Direct
Class A Common Stock	Disposition	2022-11-20	6,201	$45.26	26,321	No	4	F	Direct
Class A Common Stock	Acquisiton	2022-11-22	26,832	$0.00	53,153	No	4	C	Direct
Class A Common Stock	Acquisiton	2022-11-22	143,023	$18.13	196,176	No	4	M	Direct
Class A Common Stock	Disposition	2022-11-22	92,659	$42.38	103,517	No	4	S	Direct
Class A Common Stock	Disposition	2022-11-22	11,200	$43.02	92,317	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	F	Direct
No	4	C	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Restricted Stock Units	Disposition	2022-11-20	10,362	$0.00	10,362	$0.00
Class A Common Stock	Restricted Stock Units	Disposition	2022-11-20	2,142	$0.00	2,142	$0.00
Class B Common Stock	Employee Stock Option (right to buy)	Disposition	2022-11-22	26,832	$0.00	26,832	$6.97
Class A Common Stock	Class B Common Stock	Acquisiton	2022-11-22	26,832	$0.00	26,832	$0.00
Class A Common Stock	Class B Common Stock	Disposition	2022-11-22	26,832	$0.00	26,832	$0.00
Class A Common Stock	Employee Stock Option (right to buy)	Disposition	2022-11-22	143,023	$0.00	143,023	$18.13

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
41,445		No	4	M	Direct
17,143		No	4	M	Direct
1,067,668	2028-04-30	No	4	M	Direct
26,832		No	4	M	Direct
0		No	4	C	Direct
78,433	2030-04-28	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	20,896	Indirect	By ACB 2021, LLC

Footnotes

Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
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.
This transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 1, 2022, during an open trading window.
Represents the conversion of Class B Common Stock held of record by The Reporting Person into Class A Common Stock.
This transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 1, 2022, during an open trading window, to cover the exercise price, commissions, fees and estimated tax withholding obligations in connection with the exercise of stock options. The Reporting Person did not sell or otherwise dispose of shares for any reason other than to cover such exercise price, commissions, fees and estimated required taxes.
Represents the weighted average sale price. The lowest price at which shares were sold was $41.83 and the highest price at which shares were sold was $42.81. 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 (6) and (7) to this Form 4.
Represents the weighted average sale price. The lowest price at which shares were sold was $42.92 and the highest price at which shares were sold was $43.09.
These shares are held of record by ACB 2021, LLC, of which the Reporting Person is the sole member. The Reporting Person disclaims beneficial ownership of the shares owned by ACB 2021, LLC, except to the extent of her pecuniary interest therein, if any.
Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
The RSUs vest with respect to 16.67% of the total award on May 20, 2021, and an additional 8.33% of the award vests quarterly thereafter until the award is fully vested on February 20, 2024, subject to the Reporting Person's continued service to the Issuer on each vesting date.
RSUs do not expire; they either vest or are canceled prior to vesting date.
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.
The options vested with respect to 1/4th of the total shares on April 17, 2019, and the remaining 3/4th of the options vest in equal monthly installments thereafter until the options are fully vested on April 17, 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.
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.
The options vest in equal monthly increments over four years, with the first 1/48 of the options vesting on February 1, 2020, until the options are fully vested on January 1, 2024, 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.