Coinbase (COIN) director Christa Davies logs RSU vesting, tax withholding and new award
Rhea-AI Filing Summary
Coinbase Global, Inc. director Christa Davies reported routine equity compensation changes. On June 16, 2026, 1,167 restricted stock units vested and were converted into 1,167 shares of Class A Common Stock. Of these, 88 shares were withheld and cancelled to cover tax obligations, a non-market disposition. Davies also received a new grant of 2,392 RSUs, each representing one future share of Class A stock, which will vest on the earlier of June 18, 2026 or the next annual shareholder meeting, subject to continued service. Following these transactions, she holds 3,079 Class A shares directly and 17,000 shares indirectly through an irrevocable trust, for which she disclaims beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,079 shares
Net Buy
5 txns
Insider
Davies Christa
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,392 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 1,167 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,167 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 88 | $169.62 | $15K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 2,392 shares (Direct);
Class A Common Stock — 3,079 shares (Direct);
Class A Common Stock — 17,000 shares (Indirect, Irrevocable Trust)
Footnotes (7)
- F1. Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
- F2. Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal tax withholding obligations of the Reporting Person resulting from the vesting of RSUs.
- F3. These shares are held of record by an irrevocable trust, of which the Reporting Person is a beneficiary. The Reporting Person disclaims beneficial ownership of the shares owned by the irrevocable trust, except to the extent of her pecuniary interest therein, if any.
- F4. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F5. The RSUs vest on the earlier of June 16, 2027, or the date of the next annual meeting of the shareholders of the Issuer, subject to the Reporting Person's continued service to the Issuer on the vesting date.
- F6. RSUs do not expire; they either vest or are canceled prior to vesting date.
- F7. The RSUs vest on the earlier of June 18, 2026, or the date of the next annual meeting of the shareholders of the Issuer, subject to the Reporting Person's continued service to the Issuer on the vesting date.
Key Figures
RSUs vested: 1,167 units
Shares withheld for taxes: 88 shares
New RSU grant: 2,392 units
+3 more
6 metrics
RSUs vested
1,167 units
Restricted stock units converted to Class A shares on June 16, 2026
Shares withheld for taxes
88 shares
Relinquished to cover tax obligations from RSU vesting
New RSU grant
2,392 units
New award of RSUs each representing one Class A share
Direct holdings after transactions
3,079 shares
Coinbase Class A Common Stock held directly by Christa Davies
Indirect trust holdings
17,000 shares
Class A shares held by an irrevocable trust benefiting Davies
Tax withholding transaction price
$169.62 per share
Price used for 88-share tax-withholding disposition
Key Terms
Restricted Stock Units, RSUs, Section 16b-3(e), Irrevocable trust, +2 more
6 terms
Restricted Stock Units financial
"Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person."
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.
RSUs financial
"Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
Section 16b-3(e) regulatory
"Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities"
Irrevocable trust financial
"These shares are held of record by an irrevocable trust, of which the Reporting Person is a beneficiary."
An irrevocable trust is a legal arrangement where an owner transfers assets into a separate entity managed by a trustee and gives up the power to modify or reclaim those assets. For investors it matters because putting stock or other holdings into such a trust can change who controls and benefits from the assets, affect taxes and creditor protection, and influence how easy it is to sell or value those holdings—like placing valuables in a locked safe overseen by someone else.
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership of the shares owned by the irrevocable trust, except to the extent of her pecuniary interest therein, if any."
tax withholding financial
"cancelled by the Issuer in exchange for the Issuer's agreement to pay federal tax withholding obligations of the Reporting Person"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
FAQ
What did Coinbase (COIN) director Christa Davies report in this Form 4?
Christa Davies reported vesting of 1,167 RSUs into Coinbase Class A shares, tax withholding of 88 shares, and a new grant of 2,392 RSUs as part of routine equity compensation.
What new Coinbase (COIN) equity award did Christa Davies receive?
She received a new award of 2,392 restricted stock units, each representing one future Coinbase Class A share. These RSUs vest on June 18, 2026 or the next annual meeting, subject to continued service.
What is the nature of Christa Davies’ indirect Coinbase (COIN) holdings?
Her indirect holdings are 17,000 Coinbase Class A shares held by an irrevocable trust. She is a beneficiary and disclaims beneficial ownership except to the extent of any pecuniary interest in the trust.
AI-generated analysis. How Rhea-AI works. Not financial advice.
