Coinbase: Emilie Choi Trust Proposes 20k‑Share Sale ($7.74M)

Rhea-AI Filing Summary

Coinbase Global, Inc. notice reports a proposed sale of 20,000 Class A common shares by the Emilie Choi trust, to be executed through Morgan Stanley Smith Barney LLC on or about 10/10/2025. The filing lists an aggregate market value of $7,740,000.00 based on 20,000 shares and shows 215,159,125 shares outstanding for the class. The securities were acquired on 04/01/2021 via estate planning transfers from the settlor, Emilie Choi, and the filing discloses a prior sale of 10,000 shares on 09/12/2025 that generated $3,277,200.00 in gross proceeds. The filer affirms the standard Rule 144 representation about non‑public material information and notes possible reliance on Rule 10b5‑1 plan language where applicable.

Insights

Insider Transactions Analyst

Trust‑held shares from Emilie Choi show staged selling: 10k sold, 20k planned.

The notice documents a planned sale of $7,740,000.00 for 20,000 Class A shares on 10/10/2025

Sales routed through Morgan Stanley Smith Barney LLC and a recent 09/12/2025 sale of 10,000 shares (gross $3,277,200.00) suggest a sequencing of dispositions from the Emilie Choi trust. Key dependencies include the timing of executions and whether a preexisting 10b5‑1 plan governs future trades.

Watch for additional filings showing completed trades or amendments within the next 30–90 days and for any public disclosures about trading plans that could clarify intent and reduce signaling risk.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	20000	7740000.00	215159125	10/10/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A Common	04/01/2021	Estate Planning Transfers	Acquired from the Settlor of the Trust, Emilie Choi. Shares being sold for account of said Trust			20000	04/01/2021	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for EMILIE CHOI TRUST U/A DTD 01/22/2021 One Madison Avenue, Suite 2400 New York NY 10010	Common	09/12/2025	10000	3277200.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 for COIN disclose?

The form discloses a proposed sale of 20,000 Class A shares with an aggregate market value of $7,740,000.00, to be sold around 10/10/2025 through Morgan Stanley Smith Barney LLC.

Who is selling the COIN shares in this filing?

The shares are being sold for the account of the Emilie Choi trust; the securities were acquired on 04/01/2021 via estate planning transfers from the settlor, Emilie Choi.

Has the Emilie Choi trust recently sold other COIN shares?

Yes. The filing reports a prior sale of 10,000 shares on 09/12/2025 that generated $3,277,200.00 in gross proceeds.

What is the number of Class A shares outstanding used in the filing?

The filing lists 215,159,125 shares outstanding for the Class A common stock.

Does this Form 144 indicate any undisclosed material information about Coinbase?

By signing, the filer represents they do not know any material adverse information about the issuer that has not been publicly disclosed; no undisclosed material facts are stated in the filing.

Which broker will execute the proposed sale?

The broker named is Morgan Stanley Smith Barney LLC, located at 1 New York Plaza, 8th Floor, New York, NY 10004.