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Coinbase Global, Inc. — Director's Dealing 2021
Apr 1, 2021
29896_dirs_2021-04-01_02782818-609e-403d-bec7-c80a58f5ee57.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Coinbase Global, Inc. (COIN)
CIK: 0001679788
Period of Report: 2021-04-01
Reporting Person: Grewal Paul (Chief Legal Officer)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 3808 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option (right to buy) | $26.26 | 2030-09-20 | Class A Common Stock (649918) | Direct | |
| Employee Stock Option (right to buy) | $28.71 | 2030-11-22 | Class A Common Stock (261605) | Direct | |
| Restricted Stock Units | $0.00 | Class A Common Stock (230772) | Direct |
Footnotes
F1: These shares are subject to repurchase by the Issuer until fully vested.
F2: The total shares subject to the option is 653,726, of which 3,808 shares were early-exercised. 1/4th of the total shares underlying the option will vest on August 31, 2021 and the remaining 3/4th of the shares underlying the option will vest in equal monthly installments thereafter until the option is fully vested on August 31, 2024, subject to the Reporting Person's continued service to the Issuer on each vesting date. The option contains an early-exercise provision and is exercisable as to unvested shares, subject to the Issuer's right of repurchase.
F3: The option will vest with respect to 1/4th of the total shares underlying the option on August 31, 2021, and the remaining 3/4th of the shares underlying the option will vest in equal monthly installments thereafter until the option is fully vested on August 31, 2024, subject to the Reporting Person's continued service to the Issuer on each vesting date. The option contains an early-exercise provision and is exercisable as to unvested shares, subject to the Issuer's right of repurchase.
F4: The restricted stock units ("RSUs") vest with respect to 1/4th of the total shares underlying the award on November 20, 2021, and the remaining 3/4th of the shares underlying the award vest in equal quarterly installments thereafter until the award is fully vested on November 20, 2024, subject to the continued service of the Reporting Person to the Issuer on each vesting date.
F5: RSUs do not expire; they either vest or are canceled prior to vesting date.