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Coinbase Global, Inc. — Director's Dealing 2021
Nov 24, 2021
29896_dirs_2021-11-23_a7e5f79a-f57b-4239-80de-c7ac03b2b361.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Coinbase Global, Inc. (COIN)
CIK: 0001679788
Period of Report: 2021-11-20
Reporting Person: Jones Jennifer N. (Chief Accounting Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-11-20 | Class A Common Stock | M | 1259 | — | Acquired | 20268 | Direct |
| 2021-11-20 | Class A Common Stock | M | 783 | — | Acquired | 21051 | Direct |
| 2021-11-20 | Class A Common Stock | M | 1045 | — | Acquired | 22096 | Direct |
| 2021-11-20 | Class A Common Stock | F | 1533 | $332.55 | Disposed | 20563 | Direct |
| 2021-11-22 | Class A Common Stock | S | 1028 | $333.52 | Disposed | 19535 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-11-20 | Restricted Stock Units | $0.0 | M | 1259 | Disposed | Class A Common Stock (1259.0) | Direct | |
| 2021-11-20 | Restricted Stock Units | $0.0 | M | 783 | Disposed | Class A Common (783.0) | Direct | |
| 2021-11-20 | Restricted Stock Units | $0.0 | M | 1045 | Disposed | Class A Common (1045.0) | Direct |
Footnotes
F1: Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
F2: Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs.
F3: 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.
F4: Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F5: The RSUs vest with respect to 25% of the total award on May 20, 2021, and an additional 12.5% of the award vests each quarter thereafter until the award is fully vested on November 20, 2022, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F6: RSUs do not expire; they either vest or are canceled prior to vesting date.
F7: The RSUs vest with respect to 50% of the total award on August 20, 2021, and an additional 50% of the award vests on November 20, 2021, subject to the Reporting Person's continued service to the Issuer on each vesting date.