Brian Armstrong - 30 Jan 2023 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role
Chairman and CEO, Director, 10%+ Owner
Signature
/s/ Brian Armstrong, by Doug Sharp, Attorney-in-Fact
Issuer symbol
COIN
Transactions as of
30 Jan 2023
Transactions value $
-$1,742,676
Form type
4
Filing time
01 Feb 2023, 15:13:58 UTC
Previous filing
18 Jan 2023
Next filing
06 Feb 2023
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 Conversion of derivative security $0 +29,732 $0 29,732 30 Jan 2023 By The Brian Armstrong Living Trust F1, F2, F3
transaction COIN Class A Common Stock Sale -$92,823 -1,656 -5.57% $56.05 28,076 30 Jan 2023 By The Brian Armstrong Living Trust F2, F4
transaction COIN Class A Common Stock Sale -$367,285 -6,421 -22.87% $57.2 21,655 30 Jan 2023 By The Brian Armstrong Living Trust F2, F5
transaction COIN Class A Common Stock Sale -$585,619 -10,026 -46.3% $58.41 11,629 30 Jan 2023 By The Brian Armstrong Living Trust F2, F6
transaction COIN Class A Common Stock Sale -$311,948 -5,264 -45.27% $59.26 6,365 30 Jan 2023 By The Brian Armstrong Living Trust F2, F7
transaction COIN Class A Common Stock Sale -$291,813 -4,842 -76.07% $60.27 1,523 30 Jan 2023 By The Brian Armstrong Living Trust F2, F8
transaction COIN Class A Common Stock Sale -$93,185 -1,523 -100% $61.19 0 30 Jan 2023 By The Brian Armstrong Living Trust F2, F9

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 Class B Common Stock Conversion of derivative security $0 -29,732 -0.11% $0 26,367,819 30 Jan 2023 Class A Common Stock 29,732 By The Brian Armstrong Living Trust F1, F2, F3
holding COIN Class B Common Stock 6,159,583 30 Jan 2023 Class A Common Stock 6,159,583 By The Brian Armstrong 2020 Grantor Retained Annuity Trust F3
holding COIN Class B Common Stock 950,490 30 Jan 2023 Class A Common Stock 950,490 By The Ehrsam 2014 Irrevocable Trust F3, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the conversion of Class B Common Stock held of record by The Brian Armstrong Living Trust into Class A Common Stock.
F2 The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 26, 2022, during an open trading window.
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.
F4 Represents the weighted average sale price. The lowest price at which shares were sold was $55.695 and the highest price at which shares were sold was $56.51. 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 to 9 to this Form 4.
F5 Represents the weighted average sale price. The lowest price at which shares were sold was $56.81 and the highest price at which shares were sold was $57.72.
F6 Represents the weighted average sale price. The lowest price at which shares were sold was $57.82 and the highest price at which shares were sold was $58.81.
F7 Represents the weighted average sale price. The lowest price at which shares were sold was $58.82 and the highest price at which shares were sold was $59.81.
F8 Represents the weighted average sale price. The lowest price at which shares were sold was $59.82 and the highest price at which shares were sold was $60.80.
F9 Represents the weighted average sale price. The lowest price at which shares were sold was $60.835 and the highest price at which shares were sold was $61.70.
F10 These shares are held by The Ehrsam 2014 Irrevocable Trust, of which the Reporting Person is trustee. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any.

Remarks:

Exhibit 24 - Powers of Attorney