0001679788-24-000057.txt : 20240328 0001679788-24-000057.hdr.sgml : 20240328 20240328180129 ACCESSION NUMBER: 0001679788-24-000057 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240326 FILED AS OF DATE: 20240328 DATE AS OF CHANGE: 20240328 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Ehrsam Frederick Ernest III CENTRAL INDEX KEY: 0001851442 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40289 FILM NUMBER: 24800975 MAIL ADDRESS: STREET 1: C/O COINBASE GLOBAL, INC. STREET 2: 100 PINE STREET, SUITE 1250 CITY: SAN FRANCISCO STATE: CA ZIP: 94111 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Coinbase Global, Inc. CENTRAL INDEX KEY: 0001679788 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 464707224 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: C/O CORPORATION SERVICE COMPANY STREET 2: 251 LITTLE FALLS DRIVE CITY: WILMINGTON STATE: DE ZIP: 19808 BUSINESS PHONE: 3026365401 MAIL ADDRESS: STREET 1: C/O CORPORATION SERVICE COMPANY STREET 2: 251 LITTLE FALLS DRIVE CITY: WILMINGTON STATE: DE ZIP: 19808 4 1 wk-form4_1711663269.xml FORM 4 X0508 4 2024-03-26 0 0001679788 Coinbase Global, Inc. COIN 0001851442 Ehrsam Frederick Ernest III C/O COINBASE GLOBAL, INC. NOT APPLICABLE DE 0 1 0 1 0 1 Class A Common Stock 2024-03-26 4 C 0 16380 0 A 16380 I By The Frederick Ernest Ehrsam III Living Trust Class A Common Stock 2024-03-26 4 S 0 635 266.9886 D 15745 I By The Frederick Ernest Ehrsam III Living Trust Class A Common Stock 2024-03-26 4 S 0 400 269.5025 D 15345 I By The Frederick Ernest Ehrsam III Living Trust Class A Common Stock 2024-03-26 4 S 0 1100 271.0695 D 14245 I By The Frederick Ernest Ehrsam III Living Trust Class A Common Stock 2024-03-26 4 S 0 1006 272.4135 D 13239 I By The Frederick Ernest Ehrsam III Living Trust Class A Common Stock 2024-03-26 4 S 0 700 273.2546 D 12539 I By The Frederick Ernest Ehrsam III Living Trust Class A Common Stock 2024-03-26 4 S 0 2405 274.3493 D 10134 I By The Frederick Ernest Ehrsam III Living Trust Class A Common Stock 2024-03-26 4 S 0 2650 275.3551 D 7484 I By The Frederick Ernest Ehrsam III Living Trust Class A Common Stock 2024-03-26 4 S 0 3751 276.3931 D 3733 I By The Frederick Ernest Ehrsam III Living Trust Class A Common Stock 2024-03-26 4 S 0 2733 277.4357 D 1000 I By The Frederick Ernest Ehrsam III Living Trust Class A Common Stock 2024-03-26 4 S 0 800 278.5911 D 200 I By The Frederick Ernest Ehrsam III Living Trust Class A Common Stock 2024-03-26 4 S 0 200 279.295 D 0 I By The Frederick Ernest Ehrsam III Living Trust Class A Common Stock 4662 D Class A Common Stock 2583752 I By Paradigm Fund, LP Class A Common Stock 1931844 I By Paradigm One LP Class B Common Stock 2024-03-26 4 C 0 16380 0 D Class A Common Stock 16380 6348772 I By The Frederick Ernest Ehrsam III Living Trust Class B Common Stock Class A Common Stock 601637 601637 I By The Brian Armstrong Legacy Trust Class B Common Stock Class A Common Stock 2719574 2719574 I By The Armstrong 2014 Irrevocable Trust Class B Common Stock Class A Common Stock 7301833 7301833 I By The Armstrong 2018 Irrevocable Trsut Represents the conversion of Class B Common Stock held of record by The Frederick Ernest Ehrsam III Living Trust into Class A Common Stock. 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. 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. Represents the weighted average sale price. The lowest price at which shares were sold was $266.81 and the highest price at which shares were sold was $267.34. 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 (14) to this Form 4. Represents the weighted average sale price. The lowest price at which shares were sold was $269.44 and the highest price at which shares were sold was $269.545. Represents the weighted average sale price. The lowest price at which shares were sold was $270.48 and the highest price at which shares were sold was $271.47. Represents the weighted average sale price. The lowest price at which shares were sold was $271.80 and the highest price at which shares were sold was $272.67. Represents the weighted average sale price. The lowest price at which shares were sold was $272.86 and the highest price at which shares were sold was $273.71. Represents the weighted average sale price. The lowest price at which shares were sold was $273.87 and the highest price at which shares were sold was $274.75. Represents the weighted average sale price. The lowest price at which shares were sold was $274.87 and the highest price at which shares were sold was $275.86. Represents the weighted average sale price. The lowest price at which shares were sold was $275.90 and the highest price at which shares were sold was $276.86. Represents the weighted average sale price. The lowest price at which shares were sold was $276.98 and the highest price at which shares were sold was $277.90. Represents the weighted average sale price. The lowest price at which shares were sold was $278.13 and the highest price at which shares were sold was $279.03. Represents the weighted average sale price. The lowest price at which shares were sold was $279.14 and the highest price at which shares were sold was $279.45. These shares are held by Paradigm Fund L.P. Paradigm Fund GP LLC, the general partner of Paradigm Fund L.P., has sole voting and investment power with regard to the shares held by Paradigm Fund L.P. The Frederick Ernest Ehrsam III Living Trust and Matt Huang are the managing members of Paradigm Fund GP LLC. The Reporting Person is the trustee of The Frederick Ernest Ehrsam III Living Trust. Shares held by Paradigm Fund L.P. include shares that may be subsequently sold by each of the each of Frederick Ernest Ehrsam III Living Trust and Matt Huang following in-kind distributions of shares by such entity. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any. These shares are held by Paradigm One LP. Paradigm One GP LLC, the general partner of Paradigm One LP, has sole voting and investment power with regard to the shares held by Paradigm One LP. The Frederick Ernest Ehrsam III Living Trust and Matt Huang are the managing members of Paradigm One GP LLC. The Reporting Person is the trustee of The Frederick Ernest Ehrsam III Living Trust. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any. 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. 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. 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. Exhibit 24 - Powers of Attorney /s/ Frederick Ernest Ehrsam III, by Lailey Rezai, Attorney-in-Fact 2024-03-28 EX-24 2 a2024poafrederickehrsam.htm EX-24 Document


LIMITED POWER OF ATTORNEY

The undersigned hereby constitutes and appoints Paul Grewal, Doug Sharp, Molly Abraham, Amanda Baratz and Lailey Rezai, as long as they are providing services to Coinbase Global, Inc. or its related entities (the "Company"), or either of them, the undersigned's true and lawful attorney-in-fact to:

(1)    prepare, execute in the undersigned's name and on the undersigned's behalf, and submit to the Securities and Exchange Commission (the "SEC") Form ID and Forms 3, 4 and 5 in accordance with Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the rules and regulations thereunder;

(2)    do and perform any and all acts for and on behalf of the undersigned that may be necessary or desirable to complete and execute any such Form ID and Forms 3, 4 or 5 and timely file such forms with the Securities and Exchange Commission and any stock exchange or similar authority, if required; and

(3)    take any other action of any type whatsoever in connection with the foregoing that, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact's discretion.

The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform each and every act and thing whatsoever requisite, necessary or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution and revocation, hereby ratifying and confirming all that each such attorney-in-fact, or each such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that each of the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, is not assuming, nor is the Company assuming, any of the undersigned's responsibilities to comply with Section 16 of the Exchange Act.

The undersigned agrees that each such attorney-in-fact may rely entirely on information furnished orally or in writing by the undersigned to each such attorney-in-fact. The undersigned also agrees to indemnify and hold harmless the Company and each such attorney-in-fact against any losses, claims, damages or liabilities (or actions in these respects) that arise out of or are based on any untrue statement or omission of necessary facts in the information provided by the undersigned to such attorney-in-fact for purposes of executing, acknowledging, delivering and filing Form ID or Forms 3, 4 or 5 (including amendments thereto) and agrees to reimburse the Company and each such attorney-in-fact for any legal or other expenses reasonably


incurred in connection with investigating or defending against any such loss, claim, damage, liability or action.

This Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Form ID or Forms 3, 4 and 5 with respect to the undersigned's holdings of and transactions in securities issued by the Company, unless earlier revoked by the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be
executed as of February 13, 2024.




By: /s/ Frederick Ernest Ehrsam III
Frederick Ernest Ehrsam III

[Signature Page to Limited Power of Attorney]