COIN Form 4: COO converts 100,000 shares; open‑market sales
Coinbase Global (COIN) disclosed insider activity by its President & COO.
Rhea-AI Filing Summary
Coinbase Global (COIN) disclosed insider activity by its President & COO. On 11/11/2025, the reporting person exercised options and converted 100,000 shares of Class B into Class A, then executed multiple open‑market sales the same day under a Rule 10b5-1 plan adopted on August 12, 2025.
Weighted‑average sale prices were reported in tranches, including $304.0454, $305.1829, $306.3302, and up to $316.64, with detailed low/high ranges provided. Following the transactions, beneficial ownership stood at 187,802 Class A shares directly, plus indirect holdings of 57,610 (by Sixers LLC), 23,199 (Starvurst Non‑Exempt Trust), and 49,643 (Starvurst Exempt Trust).
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
20 txns
Insider
Choi Emilie
Role
President & COO
Sold
100,000 shs ($31.09M)
Approx. gross sale proceeds
$31.09M
Approx. exercise cost
$697K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 100,000 | $0.00 | $0.00 |
| Exercise | Class B Common Stock | 100,000 | $0.00 | $0.00 |
| Conversion | Class B Common Stock | 100,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 100,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 11,004 | $304.0454 | $3.35M |
| Sale | Class A Common Stock | 2,504 | $305.1829 | $764K |
| Sale | Class A Common Stock | 1,520 | $306.3302 | $466K |
| Sale | Class A Common Stock | 1,886 | $307.261 | $579K |
| Sale | Class A Common Stock | 916 | $308.1822 | $282K |
| Sale | Class A Common Stock | 4,241 | $309.6765 | $1.31M |
| Sale | Class A Common Stock | 5,421 | $310.807 | $1.68M |
| Sale | Class A Common Stock | 28,375 | $311.5784 | $8.84M |
| Sale | Class A Common Stock | 29,424 | $312.3843 | $9.19M |
| Sale | Class A Common Stock | 8,920 | $313.598 | $2.80M |
| Sale | Class A Common Stock | 4,594 | $314.4789 | $1.44M |
| Sale | Class A Common Stock | 955 | $315.633 | $301K |
| Sale | Class A Common Stock | 240 | $316.64 | $76K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 10,000 contracts (Direct);
Class B Common Stock — 0 contracts (Direct);
Class A Common Stock — 187,802 shares (Direct);
Class A Common Stock — 57,610 shares (Indirect, By Sixers LLC);
Class A Common Stock — 23,199 shares (Indirect, By Starvurst Non-Exempt Trust);
Class A Common Stock — 49,643 shares (Indirect, By Starvurst Exempt Trust)
Footnotes (20)
- F1. The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 12, 2025, during an open trading window.
- F2. Represents the conversion of Class B Common Stock held of record by the Reporting Person into Class A Common Stock.
- F3. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
- F4. Represents the weighted average sale price. The lowest price at which shares were sold was $303.75 and the highest price at which shares were sold was $304.73. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the ranges set forth in footnotes (4) through (16) to this Form 4.
- F5. Represents the weighted average sale price. The lowest price at which shares were sold was $304.75 and the highest price at which shares were sold was $305.72.
- F6. Represents the weighted average sale price. The lowest price at which shares were sold was $305.77 and the highest price at which shares were sold was $306.75.
- F7. Represents the weighted average sale price. The lowest price at which shares were sold was $306.80 and the highest price at which shares were sold was $307.79.
- F8. Represents the weighted average sale price. The lowest price at which shares were sold was $307.81 and the highest price at which shares were sold was $308.79.
- F9. Represents the weighted average sale price. The lowest price at which shares were sold was $309.00 and the highest price at which shares were sold was $309.94.
- F10. Represents the weighted average sale price. The lowest price at which shares were sold was $310.09 and the highest price at which shares were sold was $311.08.
- F11. Represents the weighted average sale price. The lowest price at which shares were sold was $311.09 and the highest price at which shares were sold was $312.08.
- F12. Represents the weighted average sale price. The lowest price at which shares were sold was $312.09 and the highest price at which shares were sold was $313.07.
- F13. Represents the weighted average sale price. The lowest price at which shares were sold was $313.10 and the highest price at which shares were sold was $314.09.
- F14. Represents the weighted average sale price. The lowest price at which shares were sold was $314.10 and the highest price at which shares were sold was $315.08.
- F15. Represents the weighted average sale price. The lowest price at which shares were sold was $315.16 and the highest price at which shares were sold was $316.00.
- F16. Represents the weighted average sale price. The lowest price at which shares were sold was $316.18 and the highest price at which shares were sold was $316.75.
- F17. 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.
- F18. 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.
- F19. 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.
- F20. The options vest in equal increments on the 5th day of each month until the options are fully vested on March 5, 2022, subject to the Reporting Person's continued service to the Issuer on each vesting date. The option contains an early-exercise provision and is exercisable as to unvested shares, subject to the Issuer's right of repurchase.
FAQ
What did COIN’s President & COO report on the Form 4?
She converted 100,000 Class B shares into Class A and made multiple open‑market sales on 11/11/2025 under a Rule 10b5‑1 plan.
Was the trading conducted under a 10b5-1 plan?
Yes. The filing notes a Rule 10b5‑1 plan adopted on August 12, 2025.
What corporate titles are attributed to the reporting person at COIN?
The filing lists the reporting person as President & COO of Coinbase Global, Inc.
What derivative activity was reported?
An employee stock option with a $6.9733 exercise price was involved in the 100,000 Class B to Class A share transactions.
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