AI assistant
Coinbase Global, Inc. — Director's Dealing 2021
Dec 3, 2021
29896_dirs_2021-12-02_2b46b88f-c091-403d-8555-8d4d69c14fee.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Coinbase Global, Inc. (COIN)
CIK: 0001679788
Period of Report: 2021-11-18
Reporting Person: Armstrong Brian (Director, Chairman and CEO, 10% Owner)
Reporting Person: Brian Armstrong Living Trust (10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-11-30 | Class A Common Stock | G | 271000 | — | Disposed | 29358 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-11-18 | Class B Common Stock | $ | G | 2215422 | Disposed | Class A Common Stock (2215422.0) | Indirect | |
| 2021-11-18 | Class B Common Stock | $ | G | 180747 | Disposed | Class A Common Stock (180747.0) | Indirect | |
| 2021-11-18 | Class B Common Stock | $ | G | 250637 | Acquired | Class A Common Stock (250637.0) | Indirect |
Footnotes
F1: Reflects a bona fide charitable gift made by the Reporting Person.
F2: 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.
F3: 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 ("2018 GRAT") to the Brian Armstrong 2018 Irrevocable Trust (ii) 69,890 shares of Class B Common Stock from the 2018 GRAT to the Brian Armstrong Living Trust and (iii) 180,747 shares of Class B Common Stock from the Brian Armstrong Grantor Retained Annuity Trust ("2020 GRAT") to the Brian Armstrong 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.