Coinbase Global, Inc. — Director's Dealing 2025

Nov 19, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Coinbase Global, Inc. (COIN)
CIK: 0001679788
Period of Report: 2025-11-17

Reporting Person: Armstrong Brian (Director, Chairman and CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-11-17	Class A Common Stock	M	40000	$18.71	Acquired	40000	Direct
2025-11-17	Class A Common Stock	S	15711	$271.1416	Disposed	24289	Direct
2025-11-17	Class A Common Stock	S	17957	$271.8334	Disposed	6332	Direct
2025-11-17	Class A Common Stock	S	1848	$272.8809	Disposed	4484	Direct
2025-11-17	Class A Common Stock	S	3845	$274.0611	Disposed	639	Direct
2025-11-17	Class A Common Stock	S	603	$274.7286	Disposed	36	Direct
2025-11-17	Class A Common Stock	S	36	$275.91	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-11-17	Employee Stock Option (right to buy)	$18.71	M	40000	Disposed	2029-10-30	Class A Common Stock (40000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	526	Indirect

Footnotes

F1: The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 15, 2025, during an open trading window.

F2: Represents the weighted average sale price. The lowest price at which shares were sold was $270.50 and the highest price at which shares were sold was $271.495. 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 range set forth in footnotes (2) through (6) to this Form 4.

F3: Represents the weighted average sale price. The lowest price at which shares were sold was $271.50 and the highest price at which shares were sold was $272.48.

F4: Represents the weighted average sale price. The lowest price at which shares were sold was $272.50 and the highest price at which shares were sold was $273.47.

F5: Represents the weighted average sale price. The lowest price at which shares were sold was $273.50 and the highest price at which shares were sold was $274.49.

F6: Represents the weighted average sale price. The lowest price at which shares were sold was $274.50 and the highest price at which shares were sold was $275.35.

F7: The option vests as to 1/48 of the total shares monthly over four years, with the first 1/48 vesting on July 3, 2019 and 100% of the total shares vested and exercisable on June 3, 2023, 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.