Coinbase (COIN) president Emilie Choi nets RSU shares, surrenders stock for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Coinbase Global, Inc. President & COO Emilie Choi reported RSU vesting and related share movements in Class A common stock. On February 20, 2026, multiple restricted stock unit awards were exercised or converted, including blocks of 160,793 shares, delivering Class A shares at a stated price of $0.00 per share.
A separate transaction disposed of 168,275 Class A shares at $165.94 per share under code F, which the filing describes as shares withheld and cancelled to cover federal and state tax obligations arising from RSU vesting, rather than an open-market sale. After these transactions, Choi reported direct ownership of 535,664 Class A shares.
The filing also lists indirect holdings of Class A shares by Sixers LLC and two Starvurst trusts, where the footnotes state that Choi disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
339,399 shares exercised/converted
Mixed
12 txns
Insider
Choi Emilie
Role
President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 160,793 | $0.00 | -- |
| Exercise | Restricted Stock Units | 160,793 | $0.00 | -- |
| Exercise | Restricted Stock Units | 6,075 | $0.00 | -- |
| Exercise | Restricted Stock Units | 11,738 | $0.00 | -- |
| Exercise | Class A Common Stock | 160,793 | $0.00 | -- |
| Exercise | Class A Common Stock | 160,793 | $0.00 | -- |
| Exercise | Class A Common Stock | 11,738 | $0.00 | -- |
| Exercise | Class A Common Stock | 6,075 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 168,275 | $165.94 | $27.92M |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Class A Common Stock — 525,333 shares (Direct);
Class A Common Stock — 57,610 shares (Indirect, By Sixers LLC)
Footnotes (1)
- Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person. 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 and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs. These shares are held by Sixers LLC, of which the Coinbase Annuity Trust is the sole member. The Reporting Person's spouse is the trustee of the Coinbase Annuity Trust. The Reporting Person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein, if any. These shares are held by the Starvurst Non-Exempt Trust, of which the Reporting Person's spouse is a co-trustee. The Reporting Person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein, if any. These shares are held by the Starvurst Exempt Trust, of which the Reporting Person's spouse is a co-trustee. The Reporting Person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein, if any. Represents the number of RSUs earned as a result of the achievement of performance criteria based on cumulative adjusted EBITDA pursuant to a performance-based RSU award with a performance period that ended on December 31, 2025, as certified by the Issuer's Compensation Committee on January 10, 2026. The RSUs vest on February 20, 2026. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. The RSUs vest on February 20, 2026. RSUs do not expire; they either vest or are canceled prior to vesting date. Represents the number of RSUs earned as a result of the achievement of performance criteria based on cumulative revenue pursuant to a performance-based RSU award with a performance period that ended on December 31, 2025, as certified by the Issuer's Compensation Committee on January 10, 2026. The RSUs vest on February 20, 2026. The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on May 20, 2025, until the award is fully vested on February 20, 2028, subject to the Reporting Person's continued service to the Issuer on each vesting date. The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on February 20, 2024, until the award is fully vested on November 20, 2026, subject to the Reporting Person's continued service to the Issuer on each vesting date.
FAQ
What did Coinbase (COIN) President Emilie Choi report in this Form 4?
Emilie Choi reported RSU vesting, share issuances, and tax-related share withholding. Several restricted stock unit awards converted into Class A common shares, and a portion of shares was surrendered and cancelled to satisfy federal and state tax obligations triggered by the vesting.
What RSU activity did Emilie Choi disclose for Coinbase (COIN)?
Choi disclosed multiple RSU exercises or conversions into Class A shares. The transactions include large RSU blocks of 160,793 units and additional smaller tranches, all at a stated price of $0.00 per share, reflecting equity compensation vesting rather than open-market purchases.