Coinbase Global, Inc. — Director's Dealing 2021

Dec 3, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Coinbase Global, Inc. (COIN)
CIK: 0001679788
Period of Report: 2021-12-01

Reporting Person: Ehrsam Frederick Ernest III (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-30	Class A Common Stock	G	15560	—	Disposed	1239495	Indirect
2021-12-01	Class A Common Stock	S	863	$294.3705	Disposed	1238632	Indirect
2021-12-01	Class A Common Stock	S	837	$295.5448	Disposed	1237795	Indirect
2021-12-01	Class A Common Stock	S	312	$296.64	Disposed	1237483	Indirect
2021-12-01	Class A Common Stock	S	484	$297.59	Disposed	1236999	Indirect
2021-12-01	Class A Common Stock	S	701	$298.5933	Disposed	1236298	Indirect
2021-12-01	Class A Common Stock	S	600	$299.673	Disposed	1235698	Indirect
2021-12-01	Class A Common Stock	S	843	$300.9325	Disposed	1234855	Indirect
2021-12-01	Class A Common Stock	S	585	$302.6277	Disposed	1234270	Indirect
2021-12-01	Class A Common Stock	S	715	$303.8441	Disposed	1233555	Indirect
2021-12-01	Class A Common Stock	S	1100	$304.9278	Disposed	1232455	Indirect
2021-12-01	Class A Common Stock	S	2119	$306.0723	Disposed	1230336	Indirect
2021-12-01	Class A Common Stock	S	4810	$306.789	Disposed	1225526	Indirect
2021-12-01	Class A Common Stock	S	2100	$307.8717	Disposed	1223426	Indirect
2021-12-01	Class A Common Stock	S	2429	$308.801	Disposed	1220997	Indirect
2021-12-01	Class A Common Stock	S	187	$309.7464	Disposed	1220810	Indirect
2021-12-01	Class A Common Stock	S	1676	$311.0288	Disposed	1219134	Indirect
2021-12-01	Class A Common Stock	S	3605	$311.9817	Disposed	1215529	Indirect
2021-12-01	Class A Common Stock	S	2719	$312.9043	Disposed	1212810	Indirect
2021-12-01	Class A Common Stock	S	1660	$314.0019	Disposed	1211150	Indirect
2021-12-01	Class A Common Stock	S	2144	$314.8177	Disposed	1209006	Indirect
2021-12-01	Class A Common Stock	S	9522	$315.8738	Disposed	1199484	Indirect
2021-12-01	Class A Common Stock	S	5577	$316.7668	Disposed	1193907	Indirect
2021-12-01	Class A Common Stock	S	5649	$317.8366	Disposed	1188258	Indirect
2021-12-01	Class A Common Stock	S	5745	$318.9026	Disposed	1182513	Indirect
2021-12-01	Class A Common Stock	S	3923	$319.7596	Disposed	1178590	Indirect
2021-12-01	Class A Common Stock	S	2157	$320.748	Disposed	1176433	Indirect
2021-12-01	Class A Common Stock	S	1355	$321.8645	Disposed	1175078	Indirect
2021-12-01	Class A Common Stock	S	295	$322.6904	Disposed	1174783	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-18	Class B Common Stock	$	G	2145532	Acquired		Class A Common Stock (2145532.0)	Indirect
2021-11-18	Class B Common Stock	$	G	70118	Disposed		Class A Common Stock (70118.0)	Indirect
2021-11-18	Class B Common Stock	$	G	70118	Acquired		Class A Common Stock (70118.0)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	2544755	Indirect

Footnotes

F1: Reflects a bona fide charitable gift made by the Reporting Person.

F2: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 1, 2021, during an open trading window.

F3: Represents the weighted average sale price. The lowest price at which shares were sold was $293.94 and the highest price at which shares were sold was $294.715. 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 (3) to (30) to this Form 4.

F4: Represents the weighted average sale price. The lowest price at which shares were sold was $295.20 and the highest price at which shares were sold was $296.13.

F5: Represents the weighted average sale price. The lowest price at which shares were sold was $296.235 and the highest price at which shares were sold was $297.23.

F6: Represents the weighted average sale price. The lowest price at which shares were sold was $297.25 and the highest price at which shares were sold was $297.94.

F7: Represents the weighted average sale price. The lowest price at which shares were sold was $298.26 and the highest price at which shares were sold was $299.03.

F8: Represents the weighted average sale price. The lowest price at which shares were sold was $299.39 and the highest price at which shares were sold was $300.30.

F9: Represents the weighted average sale price. The lowest price at which shares were sold was $300.58 and the highest price at which shares were sold was $301.27.

F10: Represents the weighted average sale price. The lowest price at which shares were sold was $302.245 and the highest price at which shares were sold was $303.22.

F11: Represents the weighted average sale price. The lowest price at which shares were sold was $303.25 and the highest price at which shares were sold was $304.21.

F12: Represents the weighted average sale price. The lowest price at which shares were sold was $304.27 and the highest price at which shares were sold was $305.26.

F13: Represents the weighted average sale price. The lowest price at which shares were sold was $305.33 and the highest price at which shares were sold was $306.32.

F14: Represents the weighted average sale price. The lowest price at which shares were sold was $306.34 and the highest price at which shares were sold was $307.31.

F15: Represents the weighted average sale price. The lowest price at which shares were sold was $307.39 and the highest price at which shares were sold was $308.38.

F16: Represents the weighted average sale price. The lowest price at which shares were sold was $308.395 and the highest price at which shares were sold was $309.31.

F17: Represents the weighted average sale price. The lowest price at which shares were sold was $309.47 and the highest price at which shares were sold was $310.45.

F18: Represents the weighted average sale price. The lowest price at which shares were sold was $310.53 and the highest price at which shares were sold was $311.52.

F19: Represents the weighted average sale price. The lowest price at which shares were sold was $311.53 and the highest price at which shares were sold was $312.52.

F20: Represents the weighted average sale price. The lowest price at which shares were sold was $312.53 and the highest price at which shares were sold was $313.48.

F21: Represents the weighted average sale price. The lowest price at which shares were sold was $313.53 and the highest price at which shares were sold was $314.31.

F22: Represents the weighted average sale price. The lowest price at which shares were sold was $314.32 and the highest price at which shares were sold was $315.20.

F23: Represents the weighted average sale price. The lowest price at which shares were sold was $315.32 and the highest price at which shares were sold was $316.30.

F24: Represents the weighted average sale price. The lowest price at which shares were sold was $316.33 and the highest price at which shares were sold was $317.29.

F25: Represents the weighted average sale price. The lowest price at which shares were sold was $317.34 and the highest price at which shares were sold was $318.33.

F26: Represents the weighted average sale price. The lowest price at which shares were sold was $318.35 and the highest price at which shares were sold was $319.34.

F27: Represents the weighted average sale price. The lowest price at which shares were sold was $319.35 and the highest price at which shares were sold was $320.33.

F28: Represents the weighted average sale price. The lowest price at which shares were sold was $320.355 and the highest price at which shares were sold was $321.31.

F29: Represents the weighted average sale price. The lowest price at which shares were sold was $321.37 and the highest price at which shares were sold was $322.325.

F30: Represents the weighted average sale price. The lowest price at which shares were sold was $322.49 and the highest price at which shares were sold was $322.81.

F31: 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.

F32: 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.

F33: Reflects the transfer on November 18, 2021, of (i) 2,145,532 shares of Class B Common Stock from the Brian Armstrong 2018 Grantor Retained Annuity Trust to the Brian Armstrong 2018 Irrevocable Trust and (ii) 70,118 shares of Class B Common Stock from the Frederick Ernest Ehrsam III 2020 Grantor Retained Annuity Trust to the Frederick Ernest Ehrsam III Living Trust in satisfaction of GRAT annuity payments owed to the Reporting Person. The GRAT annuity payments reflected on this Form were entered into in connection with the Reporting Person's long-term estate planning.

F34: 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.