Marc L. Andreessen - Mar 26, 2024 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role
Director
Signature
/s/ Doug Sharp, Attorney-in-Fact for Marc L. Andreessen
Stock symbol
COIN
Transactions as of
Mar 26, 2024
Transactions value $
-$1,852,055
Form type
4
Date filed
3/28/2024, 06:36 PM
Previous filing
Jan 4, 2024
Next filing
May 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction COIN Class A Common Stock Sale -$157K -587 -8.71% $267.08 6.15K Mar 26, 2024 By AH Capital Management, L.L.C. F1, F2, F3, F4
transaction COIN Class A Common Stock Sale -$15.3K -57 -0.93% $268.90 6.1K Mar 26, 2024 By AH Capital Management, L.L.C. F1, F4
transaction COIN Class A Common Stock Sale -$67.7K -250 -4.1% $270.65 5.85K Mar 26, 2024 By AH Capital Management, L.L.C. F1, F4, F5
transaction COIN Class A Common Stock Sale -$54.1K -199 -3.4% $271.99 5.65K Mar 26, 2024 By AH Capital Management, L.L.C. F1, F4, F6
transaction COIN Class A Common Stock Sale -$152K -557 -9.86% $272.82 5.09K Mar 26, 2024 By AH Capital Management, L.L.C. F1, F4, F7
transaction COIN Class A Common Stock Sale -$254K -926 -18.19% $274.32 4.16K Mar 26, 2024 By AH Capital Management, L.L.C. F1, F4, F8
transaction COIN Class A Common Stock Sale -$330K -1.2K -28.77% $275.27 2.97K Mar 26, 2024 By AH Capital Management, L.L.C. F1, F4, F9
transaction COIN Class A Common Stock Sale -$310K -1.12K -37.76% $276.36 1.85K Mar 26, 2024 By AH Capital Management, L.L.C. F1, F4, F10
transaction COIN Class A Common Stock Sale -$303K -1.09K -59.21% $277.22 753 Mar 26, 2024 By AH Capital Management, L.L.C. F1, F4, F11
transaction COIN Class A Common Stock Sale -$108K -388 -51.53% $278.27 365 Mar 26, 2024 By AH Capital Management, L.L.C. F1, F4, F12
transaction COIN Class A Common Stock Sale -$102K -365 -100% $279.22 0 Mar 26, 2024 By AH Capital Management, L.L.C. F1, F4, F13
holding COIN Class A Common Stock 1.15M Mar 26, 2024 By Trust F14, F15
holding COIN Class A Common Stock 2.57K Mar 26, 2024 By AD Holdings, LLC F16
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by AH Capital Management, L.L.C. ("AH Capital") on December 1, 2023.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $266.81 to $267.59 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 6,740 shares held prior to the transactions reported herein reflect the receipt of shares by AH Capital pursuant to the pro rata distribution in kind of all shares previously held of record by Andreessen Horowitz LSV Fund I, L.P., for itself and as nominee ("AH LSV I"), to its limited partners and general partner, AH Equity Partners LSV I, L.L.C. ("AH EP LSV I"), for no additional consideration, and the further pro rata distribution in kind by AH EP LSV I, for no additional consideration, to its members, including AH Capital. The distribution of such shares constituted a change in the Reporting Person's form of ownership, which was exempt from reporting pursuant to Rule 16a-13.
F4 These shares are held of record by AH Capital. The members of AH Capital are the Reporting Person and Benjamin Horowitz, who share voting and dispositive power with respect to the shares held by AH Capital. The Reporting Person disclaims the existence of a "group" and disclaims beneficial ownership of the securities held by AH Capital and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities, except to the extent of his pecuniary interest therein, if any.
F5 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $270.34 to $271.25 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F6 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $271.37 to $272.28 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $272.52 to $273.51 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $273.67 to $274.61 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $274.76 to $275.71 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $275.85 to $276.77 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F11 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $276.88 to $277.82 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F12 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $277.91 to $278.77 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F13 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $279.08 to $279.71 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F14 Includes 75,107 shares received by the LAMA Community Trust ("LAMA") pursuant to the pro rata distribution in kind of all shares previously held of record by AH LSV I to its limited partners, including LAMA, and general partner, AH EP LSV I, for no additional consideration, and the further pro rata distribution in kind by AH EP LSV I, for no additional consideration, to its members, including LAMA. The distribution of such shares constituted a change in the Reporting Person's form of ownership, which was exempt from reporting pursuant to Rule 16a-13.
F15 These securities are held of record by LAMA of which the Reporting Person and his spouse are trustees.
F16 These securities are held of record by AD Holdings, LLC, of which the Reporting Person is a manager. The Reporting Person disclaims the existence of a "group" and disclaims beneficial ownership of the securities held by AD Holdings, LLC and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities, except to the extent of his pecuniary interest therein, if any.