Coinbase (NASDAQ: COIN) director relinquishes shares for taxes
Rhea-AI Filing Summary
Coinbase Global, Inc. (COIN) reported an insider equity transaction by director Christa Davies. On August 20, 2026, 748 Restricted Stock Units vested and were converted into 748 shares of Class A Common Stock. Of these, 57 shares were relinquished and cancelled to satisfy federal tax withholding obligations related to the RSU vesting. A separate entry shows 17,000 shares of Class A Common Stock held indirectly in an irrevocable trust, for which Davies disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 691 shares
Net Buy
4 txns
Insider
Davies Christa
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F4, F1, F5, F6 | 748 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 748 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock F2 | 57 | $160.20 | $9K |
| holding | Class A Common Stock F3 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 748 shares (Direct);
Class A Common Stock — 3,770 shares (Direct);
Class A Common Stock — 17,000 shares (Indirect, Irrevocable Trust)
Footnotes (6)
- 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 with respect to 1/3 of the total award on August 20, 2025, and an additional 1/3 of the award vests in equal annual installments thereafter until the award is fully vested on August 20, 2027, subject to the Reporting Person's continued service to the Issuer on each vesting date.
- F6. RSUs do not expire; they either vest or are canceled prior to vesting date.
Key Figures
RSUs vested: 748 RSUs
Shares acquired upon RSU vesting: 748 shares of Class A Common Stock
Shares withheld for tax obligations: 57 shares
+4 more
7 metrics
RSUs vested
748 RSUs
Vesting and conversion on August 20, 2026
Shares acquired upon RSU vesting
748 shares of Class A Common Stock
Issued to Christa Davies on August 20, 2026
Shares withheld for tax obligations
57 shares
Relinquished and cancelled to cover federal tax withholding from RSU vesting
Per-share value for tax withholding
$160.20 per share
Value applied to the 57 shares used for federal tax obligations
Indirect shares held by irrevocable trust
17,000 shares
Class A Common Stock held of record by an irrevocable trust
RSU vesting schedule end date
August 20, 2027
RSU award fully vests on this date, subject to continued service
Initial RSU vesting date portion
1/3 of total award
Vests on August 20, 2025, with additional 1/3 in equal annual installments thereafter
Key Terms
Restricted Stock Units, Section 16b-3(e), irrevocable trust, pecuniary interest, +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"
irrevocable trust financial
"These shares are held of record by an irrevocable trust, of which the Reporting Person"
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
"disclaims beneficial ownership of the shares owned by the irrevocable trust, except to the extent of her pecuniary interest"
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of the shares owned by the irrevocable trust"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What insider transaction did COIN director Christa Davies report on this Form 4?
Davies reported the vesting and conversion of 748 RSUs into 748 shares of Coinbase Class A Common Stock on August 20, 2026, along with a related share withholding to cover federal tax obligations.
How many Coinbase (COIN) RSUs vested for Christa Davies in this filing?
A total of 748 Restricted Stock Units vested for Christa Davies, each RSU representing a contingent right to receive one share of Coinbase Class A Common Stock, resulting in the issuance of 748 shares.
What ongoing indirect holdings in COIN does Christa Davies report?
An irrevocable trust associated with Davies holds 17,000 shares of Coinbase Class A Common Stock. Davies disclaims beneficial ownership of these shares except to the extent of her pecuniary interest, if any.
What is the vesting schedule for Christa Davies’ Coinbase RSUs mentioned here?
The RSUs vest as follows: 1/3 of the total award on August 20, 2025, and an additional 1/3 in equal annual installments thereafter until fully vested on August 20, 2027, subject to her continued service.
Do the RSUs in this COIN filing expire if they do not vest?
The filing states that RSUs do not expire; they either vest according to their schedule or are cancelled prior to the vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
