FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
|||||||||||||||
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
Check this box to indicate that a 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). See Instruction 10. |
1. Name and Address of Reporting Person*
(Street)
|
2. Issuer Name and Ticker or Trading Symbol
Coinbase Global, Inc. [ COIN ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|
||||||||||||||||||||||||
3. Date of Earliest Transaction
(Month/Day/Year) 08/20/2024 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|
1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Class A Common Stock | 08/20/2024 | M(1) | 723 | A | $0 | 2,409 | D | |||
Class A Common Stock | 08/20/2024 | M(1) | 629 | A | $0 | 3,038 | D | |||
Class A Common Stock | 08/20/2024 | M(1) | 1,256 | A | $0 | 4,294 | D | |||
Class A Common Stock | 08/20/2024 | M(1) | 1,321 | A | $0 | 5,615 | D | |||
Class A Common Stock | 08/20/2024 | M(1) | 2,112 | A | $0 | 7,727 | D | |||
Class A Common Stock | 08/20/2024 | S(2) | 600 | D | $192.305(3) | 7,127 | D | |||
Class A Common Stock | 08/20/2024 | S(2) | 550 | D | $193.4382(4) | 6,577 | D | |||
Class A Common Stock | 08/20/2024 | S(2) | 307 | D | $194.6519(5) | 6,270 | D | |||
Class A Common Stock | 08/20/2024 | S(2) | 666 | D | $195.3799(6) | 5,604 | D | |||
Class A Common Stock | 08/20/2024 | S(2) | 200 | D | $196.565(7) | 5,404 | D | |||
Class A Common Stock | 08/20/2024 | S(2) | 100 | D | $197.51(8) | 5,304 | D | |||
Class A Common Stock | 08/20/2024 | S(2) | 200 | D | $199.145(9) | 5,104 | D | |||
Class A Common Stock | 08/20/2024 | S(2) | 100 | D | $200.35(10) | 5,004 | D | |||
Class A Common Stock | 08/20/2024 | S(2) | 100 | D | $203.63(11) | 4,904 | D | |||
Class A Common Stock | 08/20/2024 | S(2) | 300 | D | $205.7267(12) | 4,604 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | $0(13) | 08/20/2024 | M(1) | 723 | (14) | (15) | Class A Common Stock | 723 | $0 | 723 | D | ||||
Restricted Stock Units | $0(13) | 08/20/2024 | M(1) | 629 | (16) | (15) | Class A Common Stock | 629 | $0 | 3,140 | D | ||||
Restricted Stock Units | $0(13) | 08/20/2024 | M(1) | 1,256 | (17) | (15) | Class A Common Stock | 1,256 | $0 | 6,281 | D | ||||
Restricted Stock Units | $0(13) | 08/20/2024 | M(1) | 1,321 | (18) | (15) | Class A Common Stock | 1,321 | $0 | 11,884 | D | ||||
Restricted Stock Units | $0(13) | 08/20/2024 | M(1) | 2,112 | (19) | (15) | Class A Common Stock | 2,112 | $0 | 4,226 | D |
Explanation of Responses: |
1. Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person. |
2. All of the shares reported as disposed of in this Form 4 were sold to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs. |
3. Represents the weighted average sale price. The lowest price at which shares were sold was $192.04 and the highest price at which shares were sold was $193.0399. 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 range set forth in footnotes (3) through (12) to this Form 4. |
4. Represents the weighted average sale price. The lowest price at which shares were sold was $193.12 and the highest price at which shares were sold was $194.1199. |
5. Represents the weighted average sale price. The lowest price at which shares were sold was $194.19 and the highest price at which shares were sold was $195.1899. |
6. Represents the weighted average sale price. The lowest price at which shares were sold was $195.21 and the highest price at which shares were sold was $196.2099. |
7. Represents the weighted average sale price. The lowest price at which shares were sold was $196.37 and the highest price at which shares were sold was $197.3699. |
8. Represents the weighted average sale price. The lowest price at which shares were sold was $197.51 and the highest price at which shares were sold was $198.5099. |
9. Represents the weighted average sale price. The lowest price at which shares were sold was $198.91 and the highest price at which shares were sold was $199.9099. |
10. Represents the weighted average sale price. The lowest price at which shares were sold was $200.35 and the highest price at which shares were sold was $201.3499. |
11. Represents the weighted average sale price. The lowest price at which shares were sold was $203.63 and the highest price at which shares were sold was $204.6299. |
12. Represents the weighted average sale price. The lowest price at which shares were sold was $205.48 and the highest price at which shares were sold was $206.4799. |
13. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock upon settlement. |
14. 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. |
15. RSUs do not expire; they either vest or are canceled prior to vesting date. |
16. The RSUs vest in equal quarterly installments, with the first 1/11 vesting on May 20, 2023, until the award is fully vested on November 20, 2025, subject to the Reporting Person's continued service to the Issuer on each vesting date. |
17. The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on February 20, 2023, until the award is fully vested on November 20, 2025, subject to the Reporting Person's continued service to the Issuer on each vesting date. |
18. The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on February 20, 2024, until the award is fully vested on November 20, 2026, subject to the Reporting Person's continued service to the Issuer on each vesting date. |
19. The RSUs vest in five equal quarterly installments, with the first 1/5 vesting on February 20, 2024, until the award is fully vested on May 20, 2025, subject to the Reporting Person's continued service to the Issuer on each vesting date |
Remarks: |
/s/ Jennifer N. Jones, by Lailey Rezai, Attorney-in-Fact | 08/22/2024 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |