[144] Coinbase Global, Inc. SEC Filing

Rhea-AI Filing Summary

Coinbase Global, Inc. Form 144 reports a proposed sale of 6,417 common shares through Merrill Lynch (San Jose) with an aggregate market value of $2,067,787.39, scheduled approximately for 09/15/2025. The filing lists total shares outstanding of 215,159,125. The shares to be sold were acquired as equity compensation from Coinbase on 08/20/2021 (1,742 shares) and 11/20/2023 (4,675 shares). The filing also discloses recent sales in the past three months by Alesia Haas (multiple sales June–August 2025) and ACB 2021 LLC (sales June–August 2025), with individual gross proceeds shown per trade in the filing.

Positive

• Detailed disclosure of proposed sale amount, broker, acquisition dates, and gross proceeds for recent trades
• Compliance with Rule 144 procedures shown by filing prior to sale and identification of equity-compensated shares

Negative

• Insider-related selling activity across multiple months may indicate ongoing monetization by holders
• Proposed sale represents incremental dilution of insider-held shares relative to total outstanding (6,417 vs 215,159,125)

Insights

Securities Analyst

TL;DR: Insider-related holders are actively selling small volumes of Coinbase stock via brokered transactions over recent months.

The Form 144 documents a modest proposed disposition of 6,417 common shares valued at about $2.07 million, to be executed through Merrill Lynch. Acquisition dates indicate these shares were received as equity compensation in 2021 and 2023, which is consistent with routine post-vesting sales under Rule 144. The filing also enumerates multiple prior sales by named sellers in June through August 2025, each with disclosed gross proceeds, demonstrating ongoing monetization by these accounts rather than a single large exit. For investors, this is a disclosure of insider-related liquidity events rather than a company operational update.

Corporate Governance Expert

TL;DR: The notice meets Rule 144 disclosure requirements; recent aggregated sales are disclosed but show no single large, abrupt divestiture.

The notice identifies the broker, exact share counts, acquisition method (equity compensation), and dates, which aligns with procedural compliance under Rule 144. Multiple earlier sales by the same named parties across June–August 2025 are listed with transaction-level gross proceeds, providing transparency about prior dispositions. There is no disclosure here of undisclosed material non-public information or changes to governance. The filing is procedural and informational for market transparency.

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	Merrill Lynch 560 S Winchester Blvd Suite 500 San Jose CA 95128	6417	2067787.39	215159125	09/15/2025	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 *
Common	11/20/2023	Equity Compensation	Coinbase Global			4675	11/20/2023	Cash
Common	08/20/2021	Equity Compensation	Coinbase Global			1742	08/20/2021	Cash

* 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
Alesia Haas One Madison Avenue Suite 2400 New York NY 10010	Common	08/15/2025	4660	1502590.44
Alesia Haas One Madison Avenue Suite 2400 New York NY 10010	Common	07/15/2025	3837	1500020.88
Alesia Haas One Madison Avenue Suite 2400 New York NY 10010	Common	06/25/2025	3000	1080600
Alesia Haas One Madison Avenue Suite 2400 New York NY 10010	Common	06/16/2025	6080	1504626.9
ACB 2021 LLC One Madison Avenue Suite 2400 New York NY 10010	Common	08/15/2025	1741	562134.08
ACB 2021 LLC One Madison Avenue Suite 2400 New York NY 10010	Common	07/15/2025	1741	680678.77
ACB 2021 LLC One Madison Avenue Suite 2400 New York NY 10010	Common	06/16/2025	1741	430897.5

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 Coinbase's (COIN) Form 144 report show?

The filing reports a proposed sale of 6,417 common shares via Merrill Lynch valued at $2,067,787.39, with an approximate sale date of 09/15/2025.

Who is the broker handling the proposed sale in the Form 144?

The broker listed is Merrill Lynch, 560 S Winchester Blvd, Suite 500, San Jose, CA.

When were the shares being sold originally acquired?

Shares were acquired as equity compensation from Coinbase on 08/20/2021 (1,742 shares) and 11/20/2023 (4,675 shares).

Does the Form 144 disclose recent sales by related parties?

Yes; the filing lists multiple sales in June–August 2025 by Alesia Haas and ACB 2021 LLC with specific amounts and gross proceeds per trade.

How many Coinbase shares are outstanding according to the filing?

The filing reports 215,159,125 shares outstanding.