Coinbase (NASDAQ: COIN) CAO reports RSU vesting and tax-share use
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Coinbase Global, Inc. Chief Accounting Officer Jennifer N. Jones reported routine equity compensation activity tied to restricted stock units (RSUs). On May 20, 2026, RSUs vested and were converted into Class A Common Stock through several derivative exercises totaling 4,564 shares of stock acquired in three transactions. To cover tax obligations from this vesting, 2,513 shares of Class A Common Stock were relinquished and cancelled in exchange for the company paying related federal, state and provincial tax withholding at a price of $193.45 per share. Footnotes explain that each RSU converts into one share and that three RSU grants vest in equal quarterly installments over three-year periods beginning on February 20, 2024, May 20, 2025 and May 20, 2026, subject to Jones’s continued service. The filing reflects compensation and tax mechanics rather than open-market buying or selling.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,564 shares exercised/converted
Mixed
7 txns
Insider
Jones Jennifer N.
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,320 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,216 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,028 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,320 | $0.00 | -- |
| Exercise | Class A Common Stock | 1,216 | $0.00 | -- |
| Exercise | Class A Common Stock | 2,028 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 2,513 | $193.45 | $486K |
Holdings After Transaction:
Restricted Stock Units — 2,641 shares (Direct, null);
Class A Common Stock — 1,320 shares (Direct, null)
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, state and provincial tax withholding obligations of the Reporting Person resulting from the vesting of RSUs. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. 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. RSUs do not expire; they either vest or are canceled prior to vesting date. 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 May 20, 2026, until the award is fully vested on February 20, 2029, subject to the Reporting Person's continued service to the Issuer on each vesting date.
Key Figures
Tax-withholding shares: 2,513 shares
Tax-withholding share price: $193.45 per share
Shares acquired via RSU exercises: 4,564 shares
+5 more
8 metrics
Tax-withholding shares
2,513 shares
Class A Common Stock surrendered for tax withholding at $193.45 per share
Tax-withholding share price
$193.45 per share
Value used for 2,513 shares relinquished to cover tax obligations
Shares acquired via RSU exercises
4,564 shares
Total Class A Common Stock reported as acquired through three derivative exercises
First RSU exercise lot
2,028 RSUs/shares
RSUs converting into Class A Common Stock on May 20, 2026
Second RSU exercise lot
1,216 RSUs/shares
RSUs converting into Class A Common Stock on May 20, 2026
Third RSU exercise lot
1,320 RSUs/shares
RSUs converting into Class A Common Stock on May 20, 2026
RSU vesting schedule start
February 20, 2024
First 1/12 of one RSU grant vests, then quarterly to November 20, 2026
RSU final vesting dates
Nov 20, 2026; Feb 20, 2028; Feb 20, 2029
End dates of three quarterly vesting RSU grants
Key Terms
Restricted Stock Units, Section 16b-3(e), Rule 16b-3, tax withholding obligations, +1 more
5 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.
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"
Rule 16b-3 regulatory
"incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3."
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
tax withholding obligations financial
"cancelled by the Issuer in exchange for the Issuer's agreement to pay federal, state and provincial tax withholding obligations"
continued service financial
"subject to the Reporting Person's continued service to the Issuer on each vesting date."
FAQ
What did Coinbase (COIN) executive Jennifer N. Jones report in this Form 4?
Jennifer N. Jones reported RSU vesting that converted restricted stock units into Class A Common Stock and a related tax-withholding share disposition. These are compensation and tax events, not open-market purchases or sales of Coinbase shares.
How do the reported RSUs for Coinbase (COIN) vest over time for Jennifer N. Jones?
The RSUs vest in equal quarterly installments over three years. Three grants start vesting on February 20, 2024, May 20, 2025, and May 20, 2026, with full vesting scheduled for November 20, 2026, February 20, 2028, and February 20, 2029.
What does each RSU represent in Jennifer N. Jones’s Coinbase (COIN) award?
Each restricted stock unit represents a contingent right to receive one share of Coinbase’s Class A Common Stock. RSUs either vest according to the quarterly schedule or are cancelled if vesting conditions, such as continued service, are not satisfied.