Coinbase Global, Inc. SEC Filings

Coinbase Global (COIN) filed a Form 4 showing Chairman & CEO Brian Armstrong converted 450,000 Class B super-voting shares into Class A and sold 449,155 Class A shares on 25-26 Jun 2025. Weighted-average prices ranged $358.00-$369.25, yielding roughly $163 million in gross proceeds. The transactions were executed under a Rule 10b5-1 plan adopted 15 Aug 2024. After the sale, The Brian Armstrong Living Trust owns about 45 k Class A shares and 23.48 million Class B shares, keeping Armstrong a >10 % holder.

The move modestly reduces the outstanding super-voting share count and increases Class A float, but represents a substantial CEO liquidation that could influence investor sentiment.

Coinbase Global (NASDAQ: COIN) filed a Form 144 notice in which CEO Brian Armstrong, via The Brian Armstrong Living Trust, intends to sell up to 113,735 Class A common shares.

The proposed trade, to be executed through Goldman Sachs, carries an estimated aggregate market value of $42.66 million. The shares originate from Class B stock acquired on 12/23/2019 that will convert to Class A upon sale. The filing states the sale is governed by a Rule 10b5-1 trading plan adopted on 08/15/2024.

The document also lists extensive prior dispositions during the past three months, including a single block transaction on 06/25/2025 for 336,265 shares at $121.9 million. Cumulative recent sales by the trust exceed $200 million. With 211.4 million shares outstanding, the new notice represents roughly 0.05 % of Coinbase’s float but reinforces a pattern of substantial insider selling.

No financial results, risk factors, or operational updates are included in this filing; it strictly concerns the proposed share sale.

Coinbase Global (NASDAQ:COIN) submitted a Form 144 notifying the SEC of a proposed sale of 336,265 common shares—to be converted from Class B to Class A—through Goldman Sachs & Co. LLC. The shares carry an aggregate market value of $119.50 million based on the filing.

The seller acquired the stock on 12/23/2019 in a private transaction with the Brian Armstrong 2018 Grantor Retained Annuity Trust and intends to begin selling on or about 06/25/2025. The notice covers approximately 0.16 % of Coinbase’s 211.41 million shares outstanding. In addition, the disclosure lists 18 separate open-market transactions by The Brian Armstrong Living Trust over the last three months, totaling roughly 160,000 shares and generating more than $35 million in gross proceeds.

No financial performance metrics, risk factors, or strategic updates are included; the filing is limited to the insider’s planned disposition under Rule 144.

Coinbase Global (NASDAQ: COIN) filed an 8-K to report the results of its 18 June 2025 annual meeting under Item 5.07.

• Shareholders re-elected all ten directors; the lowest support level was 94.0% of votes cast "for."
• They ratified Deloitte & Touche LLP as independent auditor for fiscal 2025 with 99.7% approval (994.6 million "for," 0.8 million "against").
• An advisory "say-on-pay" resolution received 97.6% support (926.0 million "for," 22.2 million "against").

Class A (one vote per share) and Class B (twenty votes per share) stock voted together as a single class. No additional proposals were brought, and the filing discloses no new financial metrics, strategic changes, or risk factors. The report therefore represents a routine corporate-governance event with no immediate operational or financial impact.

Form 144 Notice filed for Coinbase Global (NASDAQ: COIN) indicates a proposed sale of 3,000 common shares with an aggregate market value of $1,080,600 through Merrill Lynch, planned for June 25, 2025. The shares were originally acquired on January 10, 2023, through equity compensation.

Recent trading activity over the past 3 months shows significant insider sales by Alesia Haas and ACB 2021 LLC:

• Alesia Haas sold multiple tranches totaling 27,100 shares between March and June 2025
• ACB 2021 LLC conducted parallel sales of 1,741 shares in four separate transactions
• Total combined gross proceeds from these sales exceeded $7.6 million

The filing indicates the seller has no knowledge of undisclosed material adverse information regarding Coinbase's operations. The company currently has 211,407,406 shares outstanding.

Coinbase Global (NASDAQ:COIN) filed a routine Form 4 reporting that director Kelly A. Kramer received 1,268 restricted stock units (RSUs) on June 18, 2025. Each RSU converts into one share of Class A common stock when vested. The award will vest on the earlier of June 18, 2026 or the date of the next annual shareholder meeting, provided the director continues her service. No shares were sold, and the filing shows total direct beneficial ownership of 1,268 COIN shares following the transaction.

Form 4 overview: Coinbase Global, Inc. (ticker: COIN) disclosed insider activity by director Christa Davies on 18 June 2025.

• Equity acquired: 1,252 Class A common shares were issued at a stated price of $0 upon the vesting and settlement of previously granted RSUs (coded “M”).
• New equity granted: 1,167 additional RSUs were awarded on the same date; each RSU converts to one share when vested.
• Vesting schedules: • 1,167 RSUs vest on the earlier of 18 Jun 2026 or the next annual meeting. • Remaining RSUs referenced (1,252 units) vest on the earlier of 24 Jul 2025 or the next annual meeting.
• Post-transaction ownership: Davies now holds 1,252 COIN shares directly and 17,000 shares indirectly via an irrevocable trust in which she has a pecuniary interest.

No shares were sold, and the transactions do not involve open-market purchases. The filing therefore signals net share accumulation by an independent director, albeit in small absolute size relative to Coinbase’s ~230 million diluted share count. From a governance perspective, the grant aligns director compensation with shareholder interests but is unlikely to be financially material to the company’s valuation.

Form 4 snapshot: On 23 June 2025, Coinbase Global, Inc. (COIN) filed a Form 4 disclosing that board director Tobias Lütke received an equity award of 1,100 Restricted Stock Units (RSUs) on 18 June 2025. Each RSU represents the right to receive one share of Coinbase Class A common stock.

Key terms: The RSUs will vest on the earlier of (i) 18 June 2026 or (ii) the date of Coinbase’s next annual shareholder meeting, provided Lütke remains in service. RSUs carry no cash exercise price; they convert to shares upon vesting or are cancelled if service terminates before vesting. No derivative expiration applies.

Post-transaction holding: Following this grant, Lütke beneficially owns 1,100 derivative securities directly. The filing contains no sales or disposals of Coinbase stock and does not indicate additional indirect holdings.

Investor takeaway: The award appears to be routine director compensation and is immaterial relative to Coinbase’s total share count. No immediate dilution or market impact is expected.

Form 4 overview – Coinbase Global, Inc. (COIN)

Director Chris Lehane reported two equity-related transactions dated 18 June 2025:

• 1,180 Class A shares acquired at an exercise price of $0 following the vesting/mandatory conversion (Code M) of previously granted RSUs.
• 1,100 new Restricted Stock Units granted (Code A). These RSUs vest on the earlier of 18 Jun 2026 or the next annual shareholder meeting, subject to continued service.

Post-transaction, the director holds 1,180 shares directly and 1,100 unvested RSUs. No shares were sold and no cash was exchanged; both actions are routine board compensation events. The scale of the transactions is immaterial relative to Coinbase’s public float and does not indicate an open-market purchase or sale.