[Form 4] Coinbase Global, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Alesia J. Haas, Chief Financial Officer of Coinbase Global, Inc. (COIN), reported sales of Class A common stock effected on 09/15/2025 under a Rule 10b5-1 trading plan adopted August 29, 2024. The Form 4 shows three disposition entries totaling 6,417 shares sold: 4,600 shares at $322.22, 1,742 shares at $322.22, and 75 shares at a weighted average of $323.5753 (reported range $323.57–$323.58). After these transactions the filing lists 89,295 and 89,220 shares on two direct lines and 5,226 shares held of record by ACB 2021, LLC, of which the reporting person is sole member and disclaims beneficial ownership except to the extent of any pecuniary interest. The Form is signed on 09/17/2025.

Positive

• Trades executed under a Rule 10b5-1 plan, indicating pre-arranged disposition consistent with compliance procedures
• Full disclosure of indirect holdings via ACB 2021, LLC with a clear statement of record ownership and disclaimer of beneficial ownership except for pecuniary interest

Negative

• Insider sales totaling 6,417 shares may be viewed negatively by some investors despite being pre-planned
• No information provided on proportion of holdings sold relative to total holdings, limiting assessment of scale

Insights

Securities/Financial Analyst

TL;DR: CFO executed pre-planned sales totaling 6,417 Class A shares under a 10b5-1 plan; disclosure is routine, not a surprise.

The filing documents systematic dispositions via a Rule 10b5-1 plan adopted August 29, 2024, indicating the trades were pre-arranged and executed in an open window on 09/15/2025. Total reported shares sold equal 6,417 with executed prices around $322–$323.58. The report provides post-transaction holdings on both direct lines and an indirect holding through ACB 2021, LLC. From a market-impact perspective, the size is modest relative to Coinbase's public float and the use of a 10b5-1 plan reduces informational asymmetry.

Corporate Governance Expert

TL;DR: Insider followed a documented trading plan and properly disclosed sales; governance procedures appear observed.

The Form 4 notes adoption of a Rule 10b5-1 trading plan and transactions effected within an open window, which supports compliance with insider-trading policies. The filing also clarifies an indirect position held by ACB 2021, LLC and includes the required explanatory footnotes and signature by attorney-in-fact. Documentation and disclosure appear complete within the Form 4 content provided.

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).

1. Name and Address of Reporting Person^*

HAAS ALESIA J

(Last) (First) (Middle)

C/O COINBASE GLOBAL, INC.

ONE MADISON AVENUE, SUITE 2400

(Street)

NEW YORK NY 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 Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/15/2025		S(1)		4,600	D	$322.22	89,295	D
Class A Common Stock	09/15/2025		S(1)		75	D	$323.5753(2)	89,220	D
Class A Common Stock	09/15/2025		S(1)		1,742	D	$322.22	5,226	I	By ACB 2021, LLC(3)

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 29, 2024, during an open trading window.

2. Represents the weighted average sale price. The lowest price at which shares were sold was $323.57 and the highest price at which shares were sold was $323.58. 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 range set forth in this footnote to this Form 4.

3. These shares are held of record by ACB 2021, LLC, of which the Reporting Person is the sole member. The Reporting Person disclaims beneficial ownership of the shares owned by ACB 2021, LLC, except to the extent of her pecuniary interest therein, if any.

Remarks:

	/s/ Alesia J. Haas, by Lailey Rezai, Attorney-in-Fact	09/17/2025
	** 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.

FAQ

What did COIN CFO Alesia J. Haas sell on the Form 4?

Alesia J. Haas sold a total of 6,417 Class A common shares on 09/15/2025, in three disposition entries: 4,600 at $322.22, 1,742 at $322.22, and 75 at a weighted average of $323.5753.

Were the sales by COIN's CFO part of a pre-arranged plan?

Yes. The Form 4 states the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted August 29, 2024.

How many shares does Alesia J. Haas own after these transactions?

The filing lists post-transaction balances of 89,295 and 89,220 on two direct lines and 5,226 shares held of record by ACB 2021, LLC.

What is ACB 2021, LLC in the filing?

ACB 2021, LLC is the record owner of 5,226 shares and the reporting person is the sole member; the filer disclaims beneficial ownership except to the extent of any pecuniary interest.

When was the Form 4 signed and filed?

The signature line shows the form was signed on 09/17/2025 by Alesia J. Haas via attorney-in-fact Lailey Rezai.