Coinbase Global, Inc. SEC Filings

Coinbase Global, Inc. (COIN) Chief People Officer Lawrence J. Brock reported multiple equity transactions tied to restricted stock units (RSUs) on 11/20/2025. He acquired a total of 10,485 shares of Class A common stock at $0 per share upon vesting of three RSU grants (3,350, 4,401 and 2,734 shares). To cover federal and state tax withholding from this vesting, 4,583 shares were relinquished to Coinbase at a price of $257.29 per share.

After these transactions, Brock directly held 6,399 shares of Class A common stock, and an additional 20,727 shares were reported as indirectly held through 4JMB LLC, of which he is the sole member. The filing also shows 24,607 RSUs remaining beneficially owned, subject to time-based vesting schedules running through February 20, 2028, contingent on his continued service.

Coinbase Global, Inc. (COIN)November 20, 2025, restricted stock units (RSUs) previously granted to the executive vested and were settled into Class A common stock. Three tranches of RSUs converted into 11,166, 11,738, and 6,076 shares, each at an exercise price of $0.

To cover federal and state tax withholding from the RSU vesting, the executive had 14,370 shares relinquished back to Coinbase at a price of $257.29 per share, treated as an exempt transaction under Section 16b-3(e). After these transactions, the executive directly beneficially owned 202,434 Class A shares, with additional indirect holdings of 49,643 shares via the Starvurst Exempt Trust, 23,199 shares via the Starvurst Non-Exempt Trust, and 57,610 shares via Sixers LLC.

Coinbase Global, Inc. (COIN) chief legal officer Paul Grewal reported multiple equity transactions related to restricted stock units (RSUs) on 11/20/2025. He acquired 3,350, 4,401, and 3,038 shares of Class A common stock at an exercise price of $0 upon vesting of previously granted RSUs, and then disposed of 5,351 shares at $257.29 per share to cover tax withholding obligations.

Following these transactions, he directly beneficially owned 87,766 shares of Coinbase Class A common stock and held remaining RSUs covering 27,341 shares. The RSU awards vest in equal quarterly installments over three-year periods ending on 11/20/2025, 11/20/2026, and 02/20/2028, subject to his continued service with the company.

Coinbase Global, Inc. (COIN) CFO Alesia J. Haas reported RSU vesting and related share transactions. On 11/20/2025, 5,869 and 4,102 shares of Class A common stock were acquired at $0 per share upon vesting of previously granted restricted stock units. On the same date, 4,944 shares were surrendered at $257.29 per share to cover federal and state tax withholding tied to this vesting.

After these transactions, Haas directly beneficially owned 84,347 shares of Class A common stock, plus 1,742 shares indirectly through ACB 2021, LLC. She also held RSU awards covering 5,869 and 4,102 underlying shares, with the awards scheduled to vest quarterly through November 20, 2026 and February 20, 2028, subject to continued service.

Coinbase Global, Inc. (COIN) director Frederick Ernest Ehrsam III reported a set of insider transactions involving Class A and Class B common stock on 11/20/2025. The Frederick Ernest Ehrsam III Living Trust converted 2,750 shares of Class B Common Stock into 2,750 shares of Class A Common Stock at a stated price of $0, reflecting the one-for-one convertibility of the Class B shares.

On the same date, the trust sold 2,467 Class A shares at a weighted average price of $260.279 and a further 283 Class A shares at a weighted average price of $260.7964, covering the full 2,750 converted shares. Following these transactions, the trust held 11,881 Class A shares indirectly and 5,526,973 derivative securities linked to Class B Common Stock. The filing states that the transactions were executed under a Rule 10b5-1 trading plan adopted on August 7, 2025.

Coinbase Global, Inc. has approved a reincorporation by conversion from Delaware to Texas, already authorized on November 4, 2025 by written consent from stockholders holding approximately 78.40% of the voting power, largely Brian Armstrong- and Fred Ehrsam‑related entities. The Board created a special committee of independent directors, evaluated Delaware, Nevada and Texas law, and unanimously recommended Texas, citing its statute‑based corporate law, codified business judgment rule, perceived lower litigation risk, business‑friendly environment, and pro‑crypto policy stance.

The move will not change Coinbase’s business, management, capital structure, or Nasdaq listing, and each share of Class A and Class B stock will convert one‑for‑one into Texas corporation shares without requiring any stock certificate exchange. Class A holders have no appraisal rights, while certain Class B holders who follow Section 262 procedures may seek appraisal. The new Texas charter and bylaws introduce differences such as a 3% ownership threshold for derivative suits, a jury‑trial waiver for internal entity claims, and Texas‑based exclusive forum provisions.

Coinbase Global, Inc. (COIN) Chief Financial Officer Alesia J. Haas reported open-market sales of the company’s Class A common stock made on 11/17/2025 under a pre-arranged Rule 10b5-1 trading plan adopted on August 29, 2024.

She sold 3,250 shares at a weighted average price of $272.8098, 2,250 shares at $274.78, and 1,742 shares at $274.78. After these transactions, she directly held 81,570 Class A shares and indirectly held 1,742 Class A shares through ACB 2021, LLC, where she is the sole member and disclaims beneficial ownership beyond her economic interest.

Coinbase Global, Inc. (COIN)11/17/2025, he exercised an employee stock option to buy 40,000 shares of Class A common stock at an exercise price of $18.71 per share, then sold the same 40,000 shares in multiple market transactions at weighted average prices around $271–$276 per share.

After these transactions, Armstrong directly held 0 shares of Class A common stock and indirectly held 526 shares through The Brian Armstrong Living Trust. He continued to hold 2,713,924 employee stock options following the reported activity. The filing states that the trades were made under a Rule 10b5-1 trading plan adopted on August 15, 2025 during an open trading window.

Coinbase Global (COIN) director Frederick Ernest Ehrsam III reported a conversion and sale on 11/10/2025. The Frederick Ernest Ehrsam III Living Trust converted 55,688 shares of Class B Common Stock into Class A Common Stock at $0, then sold the 55,688 Class A shares in multiple transactions.

Sales were executed under a Rule 10b5-1 trading plan adopted on August 7, 2025, with weighted average prices across tranches ranging from $320.00 to $324.575. Following the reported transactions, the trust reported 0 Class A shares and 5,529,723 shares of Class B Common Stock beneficially owned.

Each share of Class B Common Stock is convertible into one share of Class A Common Stock and has no expiration date.