COIN insider Form 4: Chief People Officer sells Coinbase shares

Q: What did the Coinbase (COIN) executive report in this Form 4 filing?

A Coinbase Global, Inc. Chief People Officer reported multiple open-market sales of Class A common stock on 11/24/2025 , executed under a pre-arranged Rule 10b5-1 trading plan.

Q: What type of stock transactions were disclosed for COIN in this Form 4?

The filing discloses sales of Coinbase Class A common stock in several separate trades, each reported with a transaction code "S" for open-market or private sale.

Q: What is the significance of the Rule 10b5-1 trading plan mentioned for COIN?

The filing states the trades were made under a Rule 10b5-1 trading plan adopted on December 2, 2024 during an open trading window, indicating the sales followed a pre-established schedule.

Q: What does the Form 4 say about the 4JMB LLC holdings in COIN?

The filing notes that 20,727 COIN shares are held by 4JMB LLC , of which the reporting person is the sole member, and that the officer disclaims beneficial ownership of those shares except to the extent of any pecuniary interest.

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Coinbase Global, Inc. (COIN) Chief People Officer trade: A company officer reported multiple open-market sales of Class A common stock on 11/24/2025 under a pre-arranged Rule 10b5-1 trading plan adopted on December 2, 2024 during an open trading window.

The officer sold several blocks of shares at weighted average prices ranging from about $244 to $257 per share. Following these transactions, the officer directly beneficially owned 497 shares of Coinbase Class A common stock and had indirect beneficial ownership of 20,727 shares held by 4JMB LLC, an entity of which the officer is the sole member and for which beneficial ownership is disclaimed except to the extent of any pecuniary interest.

Insider Trade Summary

Net Seller: 5,902 shares ($1,478,897)

Net Sell 14 txns

Insider Brock Lawrence J

Role Chief People Officer

Sold 5,902 shs ($1.48M)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	1,579	$244.4669	$386K
Sale	Class A Common Stock	80	$245.075	$20K
Sale	Class A Common Stock	240	$246.4567	$59K
Sale	Class A Common Stock	240	$247.6517	$59K
Sale	Class A Common Stock	41	$248.321	$10K
Sale	Class A Common Stock	280	$249.9171	$70K
Sale	Class A Common Stock	520	$251.0508	$131K
Sale	Class A Common Stock	760	$251.9316	$191K
Sale	Class A Common Stock	200	$253.104	$51K
Sale	Class A Common Stock	462	$254.4572	$118K
Sale	Class A Common Stock	639	$255.665	$163K
Sale	Class A Common Stock	621	$256.3883	$159K
Sale	Class A Common Stock	240	$257.30	$62K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 4,820 shares (Direct); Class A Common Stock — 20,727 shares (Indirect, 4JMB LLC)

Footnotes (1)

The transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 2, 2024, during an open trading window. Represents the weighted average sale price. The lowest price at which shares were sold was $243.58 and the highest price at which shares were sold was $244.49. 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 (2) through (14) to this Form 4. Represents the weighted average sale price. The lowest price at which shares were sold was $245.05 and the highest price at which shares were sold was $245.10. Represents the weighted average sale price. The lowest price at which shares were sold was $246.11 and the highest price at which shares were sold was $246.97. Represents the weighted average sale price. The lowest price at which shares were sold was $247.24 and the highest price at which shares were sold was $248.15. Represents the weighted average sale price. The lowest price at which shares were sold was $248.30 and the highest price at which shares were sold was $249.16. Represents the weighted average sale price. The lowest price at which shares were sold was $249.33 and the highest price at which shares were sold was $250.28. Represents the weighted average sale price. The lowest price at which shares were sold was $250.59 and the highest price at which shares were sold was $251.57. Represents the weighted average sale price. The lowest price at which shares were sold was $251.65 and the highest price at which shares were sold was $252.42. Represents the weighted average sale price. The lowest price at which shares were sold was $252.98 and the highest price at which shares were sold was $253.27. Represents the weighted average sale price. The lowest price at which shares were sold was $254.05 and the highest price at which shares were sold was $254.89. Represents the weighted average sale price. The lowest price at which shares were sold was $255.09 and the highest price at which shares were sold was $256.08. Represents the weighted average sale price. The lowest price at which shares were sold was $256.11 and the highest price at which shares were sold was $256.90. Represents the weighted average sale price. The lowest price at which shares were sold was $257.12 and the highest price at which shares were sold was $257.61. These shares are held of record by 4JMB LLC, of which the Reporting Person is the sole member. The Reporting Person disclaims beneficial ownership of the shares owned by 4JMB LLC, except to the extent of his pecuniary interest therein, if any.

Form 4 Insider Transactions: What Each Field Means →

11/26/2025 - 05:20 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Brock Lawrence J

(Last)

(First)

(Middle)

C/O COINBASE GLOBAL, INC.

ONE MADISON AVENUE, SUITE 2400

(Street)

NEW YORK

10010

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Coinbase Global, Inc. [ COIN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief People Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/24/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	11/24/2025		S⁽¹⁾		1,579	D	$244.4669⁽²⁾	4,820	D
Class A Common Stock	11/24/2025		S⁽¹⁾		80	D	$245.075⁽³⁾	4,740	D
Class A Common Stock	11/24/2025		S⁽¹⁾		240	D	$246.4567⁽⁴⁾	4,500	D
Class A Common Stock	11/24/2025		S⁽¹⁾		240	D	$247.6517⁽⁵⁾	4,260	D
Class A Common Stock	11/24/2025		S⁽¹⁾		41	D	$248.321⁽⁶⁾	4,219	D
Class A Common Stock	11/24/2025		S⁽¹⁾		280	D	$249.9171⁽⁷⁾	3,939	D
Class A Common Stock	11/24/2025		S⁽¹⁾		520	D	$251.0508⁽⁸⁾	3,419	D
Class A Common Stock	11/24/2025		S⁽¹⁾		760	D	$251.9316⁽⁹⁾	2,659	D
Class A Common Stock	11/24/2025		S⁽¹⁾		200	D	$253.104⁽¹⁰⁾	2,459	D
Class A Common Stock	11/24/2025		S⁽¹⁾		462	D	$254.4572⁽¹¹⁾	1,997	D
Class A Common Stock	11/24/2025		S⁽¹⁾		639	D	$255.665⁽¹²⁾	1,358	D
Class A Common Stock	11/24/2025		S⁽¹⁾		621	D	$256.3883⁽¹³⁾	737	D
Class A Common Stock	11/24/2025		S⁽¹⁾		240	D	$257.3⁽¹⁴⁾	497	D
Class A Common Stock								20,727	I	4JMB LLC⁽¹⁵⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 2, 2024, during an open trading window.

2. Represents the weighted average sale price. The lowest price at which shares were sold was $243.58 and the highest price at which shares were sold was $244.49. 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 (2) through (14) to this Form 4.

3. Represents the weighted average sale price. The lowest price at which shares were sold was $245.05 and the highest price at which shares were sold was $245.10.

4. Represents the weighted average sale price. The lowest price at which shares were sold was $246.11 and the highest price at which shares were sold was $246.97.

5. Represents the weighted average sale price. The lowest price at which shares were sold was $247.24 and the highest price at which shares were sold was $248.15.

6. Represents the weighted average sale price. The lowest price at which shares were sold was $248.30 and the highest price at which shares were sold was $249.16.

7. Represents the weighted average sale price. The lowest price at which shares were sold was $249.33 and the highest price at which shares were sold was $250.28.

8. Represents the weighted average sale price. The lowest price at which shares were sold was $250.59 and the highest price at which shares were sold was $251.57.

9. Represents the weighted average sale price. The lowest price at which shares were sold was $251.65 and the highest price at which shares were sold was $252.42.

10. Represents the weighted average sale price. The lowest price at which shares were sold was $252.98 and the highest price at which shares were sold was $253.27.

11. Represents the weighted average sale price. The lowest price at which shares were sold was $254.05 and the highest price at which shares were sold was $254.89.

12. Represents the weighted average sale price. The lowest price at which shares were sold was $255.09 and the highest price at which shares were sold was $256.08.

13. Represents the weighted average sale price. The lowest price at which shares were sold was $256.11 and the highest price at which shares were sold was $256.90.

14. Represents the weighted average sale price. The lowest price at which shares were sold was $257.12 and the highest price at which shares were sold was $257.61.

15. These shares are held of record by 4JMB LLC, of which the Reporting Person is the sole member. The Reporting Person disclaims beneficial ownership of the shares owned by 4JMB LLC, except to the extent of his pecuniary interest therein, if any.

Remarks:

	/s/ Lawrence J. Brock, by Lailey Rezai, Attorney-in-Fact	11/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did the Coinbase (COIN) executive report in this Form 4 filing?

A Coinbase Global, Inc. Chief People Officer reported multiple open-market sales of Class A common stock on 11/24/2025, executed under a pre-arranged Rule 10b5-1 trading plan.

What type of stock transactions were disclosed for COIN in this Form 4?

The filing discloses sales of Coinbase Class A common stock in several separate trades, each reported with a transaction code "S" for open-market or private sale.

At what prices were the COIN shares sold by the Chief People Officer?

The reported trades were executed at weighted average sale prices, with individual transactions ranging from about $243.58 to $257.61 per share, as detailed in the footnotes.

How many Coinbase (COIN) shares does the officer own after the reported trades?

After the reported transactions, the officer directly beneficially owned 497 shares of Coinbase Class A common stock and indirectly beneficially owned 20,727 shares held by 4JMB LLC.

What is the significance of the Rule 10b5-1 trading plan mentioned for COIN?

The filing states the trades were made under a Rule 10b5-1 trading plan adopted on December 2, 2024 during an open trading window, indicating the sales followed a pre-established schedule.

What does the Form 4 say about the 4JMB LLC holdings in COIN?

The filing notes that 20,727 COIN shares are held by 4JMB LLC, of which the reporting person is the sole member, and that the officer disclaims beneficial ownership of those shares except to the extent of any pecuniary interest.