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Paul Grewal to exit Coinbase (COIN) legal chief role, advisory deal signed

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Coinbase Global, Inc. reports that Chief Legal Officer and Secretary Paul Grewal has notified the company of his intention to step down, effective July 31, 2026. The company expects to appoint Molly Abraham, currently Vice President, Legal, as General Counsel and Secretary.

Grewal entered into an Advisor Agreement under which he will assist with transitioning his responsibilities and provide advisory services from August 1, 2026 to October 31, 2026. He will receive a lump-sum payment equal to three months of his current base salary after the advisory period and will continue vesting of the portion of his restricted stock units scheduled to vest on August 20, 2026, subject to his continued service.

Positive

  • None.

Negative

  • None.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Resignation effective date July 31, 2026 Effective date for Paul Grewal stepping down as CLO and Secretary
Advisory Period August 1–October 31, 2026 Dates during which Grewal will provide advisory services
Advisor payment 3 months base salary Lump-sum payment equal to three months of current base salary
RSU vesting date August 20, 2026 Date of RSUs that continue to vest subject to service
Advisor Agreement exhibit Exhibit 10.1 Advisor Agreement between Coinbase, Inc. and Paul Grewal
Advisor Agreement financial
"the Company and Mr. Grewal entered into an advisor agreement (the “Advisor Agreement”)"
Advisory Period financial
"provide other advisory services to the Company from August 1, 2026 to October 31, 2026 (the “Advisory Period”)"
restricted stock units financial
"continued vesting of the portion of his outstanding restricted stock units scheduled to vest on August 20, 2026"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Item 5.02 Departure of Directors or Certain Officers regulatory
"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers"
emerging growth company regulatory
"405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
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FAQ

What leadership change did Coinbase (COIN) disclose on July 8, 2026?
Coinbase disclosed that Chief Legal Officer and Secretary Paul Grewal intends to step down effective July 31, 2026. The company expects to appoint Molly Abraham, Vice President, Legal, as its new General Counsel and Secretary.

When will Paul Grewal’s advisory role at Coinbase (COIN) take place?
Under an Advisor Agreement, Paul Grewal will provide transition and advisory services from August 1, 2026 to October 31, 2026. This period is defined as the Advisory Period in the disclosure.

What compensation will Paul Grewal receive during his Coinbase (COIN) advisory period?
Paul Grewal will receive a lump-sum payment equal to three months of his current base salary, payable after the Advisory Period. This payment is in connection with his advisory services following his step-down as Chief Legal Officer.

How are Paul Grewal’s Coinbase (COIN) restricted stock units affected by his transition?
Coinbase states that Paul Grewal will receive continued vesting of the portion of his outstanding restricted stock units scheduled to vest on August 20, 2026, provided he continues to serve under the Advisor Agreement through the Advisory Period.

Who is expected to become General Counsel at Coinbase (COIN) after Paul Grewal steps down?
Coinbase expects to appoint Molly Abraham, currently Vice President, Legal, as the company’s General Counsel and Secretary. This appointment is described as being in connection with Paul Grewal’s resignation effective July 31, 2026.
Applicable(1) false 0001679788 0001679788 2026-07-08 2026-07-08
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 8, 2026

 

 

Coinbase Global, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Texas   001-40289   46-4707224

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

 

One Madison Avenue  

Suite 2400

New York, NY

   10010
(Address of principal executive offices)(1)   (Zip Code)

Not Applicable(1)

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

  

Trading
Symbol(s)

  

Name of each exchange
on which registered

Class A common stock, $0.00001 par value   COIN   The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 
 
 
(1) 

We are a remote-first company. Accordingly, we do not maintain a headquarters. We are including this address solely for the purpose of satisfying the Securities and Exchange Commission’s request. Shareholder communications may also be sent to the email address: secretary@coinbase.com.

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On July 8, 2026, Paul Grewal notified Coinbase Global, Inc. (“Coinbase” or the “Company”) of his intention to step down as Chief Legal Officer and Secretary of Coinbase, effective July 31, 2026. In connection with Mr. Grewal’s resignation, the Company expects to appoint Molly Abraham, Vice President, Legal as the Company’s General Counsel and Secretary.

On July 8, 2026, the Company and Mr. Grewal entered into an advisor agreement (the “Advisor Agreement”), pursuant to which Mr. Grewal will assist with the transition of his responsibilities and provide other advisory services to the Company from August 1, 2026 to October 31, 2026 (the “Advisory Period”). Mr. Grewal will be entitled to a lump sum payment equal to three months of his current base salary, payable following the end of the Advisory Period, and continued vesting of the portion of his outstanding restricted stock units scheduled to vest on August 20, 2026, subject to his continued services under the Advisor Agreement.

The foregoing description of the Advisor Agreement does not purport to be complete and is qualified in its entirety by reference to the Advisor Agreement, which is filed as an exhibit to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

 

Exhibit No.

   

Description

10.1    Advisor Agreement, dated July 8, 2026, by and between Coinbase, Inc. and Paul Grewal.
104    The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    COINBASE GLOBAL, INC.
Date: July 9, 2026     By:  

/s/ Alesia J. Haas

      Alesia J. Haas
      Chief Financial Officer

Source: View Original Filing on SEC EDGAR

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