[144] Coinbase Global, Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 Overview: Coinbase Global, Inc. (NASDAQ: COIN) filed a Form 144 indicating the proposed sale of 5,578 common shares through Merrill Lynch on or about 15 July 2025. At the last reported market price, the transaction is valued at $2.18 million. The filing lists 211,407,406 shares outstanding, so the planned sale represents less than 0.003% of the float.

Share Origin: The shares to be sold derive from equity-compensation grants received on 10 Jan 2023 (3,837 sh), 20 May 2021 (2 sh) and 20 Aug 2021 (1,739 sh); all purchases were paid in cash.

Recent Insider Activity (past three months):

• Seven separate sales total 27,748 shares, generating $6.83 million in gross proceeds.
• Sellers named include Alesia Haas and ACB 2021 LLC, both listing the same New York address.
• Largest single sale: 7,575 shares on 23 Apr 2025 for $1.52 million.

Key Context for Investors:

• The new 5,578-share sale is incremental to recent disposals, signaling continued insider monetisation but at a modest scale relative to daily trading volume.
• The filing states the seller “does not know any material adverse information” not already public, satisfying Rule 144 representations.

While the absolute share count is immaterial to capital structure, recurring insider sales can attract governance scrutiny and may influence short-term sentiment toward COIN.

Positive

• Transparent disclosure: Management filed timely Form 144, signalling compliance with SEC Rule 144 requirements.
• Low dilution risk: Planned sale equals <0.003% of outstanding shares, posing no structural impact on equity base.

Negative

• Continued insider selling: Aggregate 27,748 shares sold in past three months plus new 5,578-share notice may pressure short-term sentiment.
• Concentration of seller: Repeated disposals by the same individual/entity could be interpreted as reduced confidence in near-term share performance.

Insights

Corporate Governance Analyst

TL;DR – Small but steady insider selling continues; signal worth monitoring, not structurally damaging.

Form 144 shows another divestiture of 5,578 shares (~$2.18 m) following 27.7 k shares sold in the prior quarter. The cumulative pace suggests routine liquidity events rather than a single strategic exit, yet governance specialists track patterns, particularly when concentrated in a single executive (name appears repeatedly). Because the amount is <0.01 % of shares outstanding, dilution or float impact is negligible. However, persistent sales can weigh on investor confidence during volatile crypto-linked earnings cycles. No adverse information is asserted by the filer, and sales comply with Rule 144 timing and volume limits. Overall impact: mildly negative for sentiment, low financial materiality.

Sell-Side Securities Analyst

TL;DR – Transaction immaterial to valuation; market may view pattern as sentiment cue.

From a valuation standpoint, 5,578 shares (~$2.2 m) are a rounding error against COIN’s multi-billion-dollar market cap and 211 m share count. Liquidity absorption is trivial. Yet analysts track insider flows for behavioural colour: repeated sales by the same insider within three months totalling $6.8 m could flag personal de-risking amid ongoing crypto market uncertainty. No linkage is made to operational performance. Expect limited stock-price reaction absent broader catalysts, though traders may cite the filing as a short-term negative headline.

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	5578	2181369.01	211407406	07/15/2025	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	01/10/2023	Equity Compensation	Coinbase Global			3837	01/10/2023	Cash
Common	05/20/2021	Equity Compensation	Coinbase Global			2	05/20/2021	Cash
Common	08/20/2021	Equity Compensation	Coinbase GLobal			1739	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	06/25/2025	3000	1080600.00
Alesia Haas One Madison Avenue Suite 2400 New York NY 10010	Common	06/16/2025	6080	1504626.90
ACB 2021 LLC One Madison Avenue Suite 2400 New York NY 10010	Common	06/16/2025	1741	430897.50
Alesia Haas One Madison Avenue Suite 2400 New York NY 10010	Common	05/15/2025	5870	1502592.03
ACB 2021 LLC One Madison Avenue Suite 2400 New York NY 10010	Common	05/15/2025	1741	445643.77
Alesia Haas One Madison Avenue Suite 2400 New York NY 10010	Common	04/23/2025	7575	1515000.00
ACB 2021 LLC One Madison Avenue Suite 2400 New York NY 10010	Common	04/23/2025	1741	348200.00

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

How many Coinbase (COIN) shares are being sold under this Form 144?

The filing covers 5,578 common shares of Coinbase Global, Inc.

What is the approximate value of the shares to be sold?

Based on the market price noted in the filing, the sale is valued at roughly $2.18 million.

When is the planned sale date for these COIN shares?

The filer indicates an approximate sale date of 15 July 2025 on NASDAQ.

How many Coinbase shares has the insider sold recently?

Over the past three months, the same insider(s) reported selling 27,748 shares for about $6.83 million.

Does the filing impact Coinbase’s share count or create dilution?

No. The proposed sale represents less than 0.003% of the 211.4 million shares outstanding.