AI assistant
Coinbase Global, Inc. — Director's Dealing 2022
Nov 23, 2022
29896_dirs_2022-11-22_9320d515-de6e-4cc7-91b9-ee2ca74597fd.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: 2022-11-20
Reporting Person: Haun Kathryn (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-10-31 | Class A Common Stock | G | 2144 | — | Disposed | 30033 | Direct |
| 2022-10-31 | Class A Common Stock | G | 2144 | — | Acquired | 128508 | Indirect |
| 2022-11-20 | Class A Common Stock | M | 2417 | — | Acquired | 32450 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-11-20 | Restricted Stock Units | $0.0 | M | 2417 | Disposed | Class A Common Stock (2417.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 57500 | Indirect |
Footnotes
F1: Reflects the transfer on October 31, 2022 of 2,144 shares of Class A Common Stock from the Reporting Person to The Gherardesca Annuity Trust ("GRAT") for an overpayment by the GRAT to the Reporting Person in March 2022, as previously reported on a Form 4 filed on May 20, 2022.
F2: The Reporting Person is the settlor and investment trustee of the Gherardesca Annuity Trust. As investment trustee, the Reporting Person has sole voting and investment power over the shares held by the Gherardesca Annuity Trust. The Reporting Person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein, if any.
F3: Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
F4: Includes 124 shares received by the Reporting Person pursuant to a pro rata distribution by Blockchain Capital, LLC, for no consideration, of shares of Class A Common Stock of the Issuer to its limited partners and members in accordance with the exemption afforded by Rule 16a-9(a) of the Securities Exchange Act of 1934, as amended.
F5: These shares are held of record by Gherardesca LLC. The Reporting Person is one of two investment managers of Gherardesca LLC. As an investment manager, the Reporting Person has shared voting and investment power over the shares held by Gherardesca LLC. The Reporting Person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein, if any.
F6: Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
F7: The RSUs vest with respect to 12.5% of the total award on May 20, 2021, and an additional 12.5% of the award vests in equal quarterly installments thereafter until the award is fully vested on February 20, 2023, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F8: RSUs do not expire; they either vest or are canceled prior to vesting date.