Frederick Ernest Ehrsam III - May 1, 2024 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role
Director, More than 10% owner
Signature
/s/ Frederick Ernest Ehrsam III, by Lailey Rezai, Attorney-in-Fact
Stock symbol
COIN
Transactions as of
May 1, 2024
Transactions value $
-$3,410,479
Form type
4
Date filed
5/3/2024, 04:13 PM
Previous filing
Apr 25, 2024
Next filing
May 10, 2024

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 +16,380 $0.00 16,380 May 1, 2024 By The Frederick Ernest Ehrsam III Living Trust F1, F2, F3
transaction COIN Class A Common Stock -Sell -$140,293 -700 -4.27% $200.42 15,680 May 1, 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F4
transaction COIN Class A Common Stock -Sell -$140,985 -700 -4.46% $201.41 14,980 May 1, 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F5
transaction COIN Class A Common Stock -Sell -$584,004 -2,882 -19.24% $202.64 12,098 May 1, 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F6
transaction COIN Class A Common Stock -Sell -$217,824 -1,069 -8.84% $203.76 11,029 May 1, 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F7
transaction COIN Class A Common Stock -Sell -$102,371 -500 -4.53% $204.74 10,529 May 1, 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F8
transaction COIN Class A Common Stock -Sell -$279,073 -1,357 -12.89% $205.65 9,172 May 1, 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F9
transaction COIN Class A Common Stock -Sell -$41,391 -200 -2.18% $206.96 8,972 May 1, 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F10
transaction COIN Class A Common Stock -Sell -$104,312 -500 -5.57% $208.62 8,472 May 1, 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F11
transaction COIN Class A Common Stock -Sell -$279,577 -1,333 -15.73% $209.74 7,139 May 1, 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F12
transaction COIN Class A Common Stock -Sell -$490,136 -2,330 -32.64% $210.36 4,809 May 1, 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F13
transaction COIN Class A Common Stock -Sell -$317,329 -1,500 -31.19% $211.55 3,309 May 1, 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F14
transaction COIN Class A Common Stock -Sell -$108,352 -509 -15.38% $212.87 2,800 May 1, 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F15
transaction COIN Class A Common Stock -Sell -$64,082 -300 -10.71% $213.61 2,500 May 1, 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F16
transaction COIN Class A Common Stock -Sell -$171,884 -800 -32% $214.86 1,700 May 1, 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F17
transaction COIN Class A Common Stock -Sell -$108,013 -500 -29.41% $216.03 1,200 May 1, 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F18
transaction COIN Class A Common Stock -Sell -$206,344 -950 -79.17% $217.20 250 May 1, 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F19
transaction COIN Class A Common Stock -Sell -$54,511 -250 -100% $218.04 0 May 1, 2024 By The Frederick Ernest Ehrsam III Living Trust F2, F20
holding COIN Class A Common Stock 4,662 May 1, 2024 Direct

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 -16,380 -0.26% $0.00 6,266,872 May 2, 2024 Class A Common Stock 16,380 By The Frederick Ernest Ehrsam III Living Trust F1, F2, F3
holding COIN Class B Common Stock 601,637 May 1, 2024 Class A Common Stock 601,637 By The Brian Armstrong Legacy Trust F3, F21
holding COIN Class B Common Stock 2,719,574 May 1, 2024 Class A Common Stock 2,719,574 By The Armstrong 2014 Irrevocable Trust F3, F22
holding COIN Class B Common Stock 7,301,833 May 1, 2024 Class A Common Stock 7,301,833 By The Armstrong 2018 Irrevocable Trust F3, F23

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 Represents the conversion of Class B Common Stock held of record by The Frederick Ernest Ehrsam III 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 21, 2023, 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 $200.03 and the highest price at which shares were sold was $200.70. 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 (20) to this Form 4.
F5 Represents the weighted average sale price. The lowest price at which shares were sold was $201.065 and the highest price at which shares were sold was $202.
F6 Represents the weighted average sale price. The lowest price at which shares were sold was $202.115 and the highest price at which shares were sold was $203.06.
F7 Represents the weighted average sale price. The lowest price at which shares were sold was $203.21 and the highest price at which shares were sold was $204.15.
F8 Represents the weighted average sale price. The lowest price at which shares were sold was $204.28 and the highest price at which shares were sold was $205.16.
F9 Represents the weighted average sale price. The lowest price at which shares were sold was $205.30 and the highest price at which shares were sold was $206.125.
F10 Represents the weighted average sale price. The lowest price at which shares were sold was $206.93 and the highest price at which shares were sold was $206.98.
F11 Represents the weighted average sale price. The lowest price at which shares were sold was $208.01 and the highest price at which shares were sold was $209.
F12 Represents the weighted average sale price. The lowest price at which shares were sold was $209.18 and the highest price at which shares were sold was $210.03.
F13 Represents the weighted average sale price. The lowest price at which shares were sold was $210.035 and the highest price at which shares were sold was $210.98.
F14 Represents the weighted average sale price. The lowest price at which shares were sold was $211.24 and the highest price at which shares were sold was $212.20.
F15 Represents the weighted average sale price. The lowest price at which shares were sold was $212.30 and the highest price at which shares were sold was $213.19.
F16 Represents the weighted average sale price. The lowest price at which shares were sold was $213.30 and the highest price at which shares were sold was $213.99.
F17 Represents the weighted average sale price. The lowest price at which shares were sold was $214.365 and the highest price at which shares were sold was $215.30.
F18 Represents the weighted average sale price. The lowest price at which shares were sold was $215.65 and the highest price at which shares were sold was $216.58.
F19 Represents the weighted average sale price. The lowest price at which shares were sold was $216.88 and the highest price at which shares were sold was $217.78.
F20 Represents the weighted average sale price. The lowest price at which shares were sold was $217.925 and the highest price at which shares were sold was $218.10.
F21 These shares are held by The Brian Armstrong Legacy 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.
F22 These shares are held by The Brian Armstrong 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.
F23 These shares are held by the Brian Armstrong 2018 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.