Coinbase Global, Inc. — Director's Dealing 2025

Nov 13, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Choi Emilie (President & COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-11-11	Class A Common Stock	C	100000	—	Acquired	287802	Direct
2025-11-11	Class A Common Stock	S	11004	$304.0454	Disposed	276798	Direct
2025-11-11	Class A Common Stock	S	2504	$305.1829	Disposed	274294	Direct
2025-11-11	Class A Common Stock	S	1520	$306.3302	Disposed	272774	Direct
2025-11-11	Class A Common Stock	S	1886	$307.261	Disposed	270888	Direct
2025-11-11	Class A Common Stock	S	916	$308.1822	Disposed	269972	Direct
2025-11-11	Class A Common Stock	S	4241	$309.6765	Disposed	265731	Direct
2025-11-11	Class A Common Stock	S	5421	$310.807	Disposed	260310	Direct
2025-11-11	Class A Common Stock	S	28375	$311.5784	Disposed	231935	Direct
2025-11-11	Class A Common Stock	S	29424	$312.3843	Disposed	202511	Direct
2025-11-11	Class A Common Stock	S	8920	$313.598	Disposed	193591	Direct
2025-11-11	Class A Common Stock	S	4594	$314.4789	Disposed	188997	Direct
2025-11-11	Class A Common Stock	S	955	$315.633	Disposed	188042	Direct
2025-11-11	Class A Common Stock	S	240	$316.64	Disposed	187802	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-11-11	Employee Stock Option (right to buy)	$6.9733	M	100000	Disposed	2028-04-30	Class B Common Stock (100000)	Direct
2025-11-11	Class B Common Stock	$	M	100000	Acquired		Class A Common Stock (100000)	Direct
2025-11-11	Class B Common Stock	$	C	100000	Disposed		Class A Common Stock (100000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	57610	Indirect
Class A Common Stock	23199	Indirect
Class A Common Stock	49643	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 12, 2025, during an open trading window.

F2: Represents the conversion of Class B Common Stock held of record by the Reporting Person into Class A Common Stock.

F3: 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.

F4: Represents the weighted average sale price. The lowest price at which shares were sold was $303.75 and the highest price at which shares were sold was $304.73. 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 ranges set forth in footnotes (4) through (16) to this Form 4.

F5: Represents the weighted average sale price. The lowest price at which shares were sold was $304.75 and the highest price at which shares were sold was $305.72.

F6: Represents the weighted average sale price. The lowest price at which shares were sold was $305.77 and the highest price at which shares were sold was $306.75.

F7: Represents the weighted average sale price. The lowest price at which shares were sold was $306.80 and the highest price at which shares were sold was $307.79.

F8: Represents the weighted average sale price. The lowest price at which shares were sold was $307.81 and the highest price at which shares were sold was $308.79.

F9: Represents the weighted average sale price. The lowest price at which shares were sold was $309.00 and the highest price at which shares were sold was $309.94.

F10: Represents the weighted average sale price. The lowest price at which shares were sold was $310.09 and the highest price at which shares were sold was $311.08.

F11: Represents the weighted average sale price. The lowest price at which shares were sold was $311.09 and the highest price at which shares were sold was $312.08.

F12: Represents the weighted average sale price. The lowest price at which shares were sold was $312.09 and the highest price at which shares were sold was $313.07.

F13: Represents the weighted average sale price. The lowest price at which shares were sold was $313.10 and the highest price at which shares were sold was $314.09.

F14: Represents the weighted average sale price. The lowest price at which shares were sold was $314.10 and the highest price at which shares were sold was $315.08.

F15: Represents the weighted average sale price. The lowest price at which shares were sold was $315.16 and the highest price at which shares were sold was $316.00.

F16: Represents the weighted average sale price. The lowest price at which shares were sold was $316.18 and the highest price at which shares were sold was $316.75.

F17: These shares are held by Sixers LLC, of which the Coinbase Annuity Trust is the sole member. The Reporting Person's spouse is the trustee of the Coinbase Annuity Trust. The Reporting Person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein, if any.

F18: These shares are held by the Starvurst Non-Exempt Trust, of which the Reporting Person's spouse is a co-trustee. The Reporting Person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein, if any.

F19: These shares are held by the Starvurst Exempt Trust, of which the Reporting Person's spouse is a co-trustee. The Reporting Person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein, if any.

F20: The options vest in equal increments on the 5th day of each month until the options are fully vested on March 5, 2022, 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.