COIN Insider Exercises 10,000 Options and Sells Shares Under 10b5-1 Plan
Rhea-AI Filing Summary
Paul Grewal, Chief Legal Officer of Coinbase Global, Inc. (COIN), reported transactions dated 10/01/2025 under a Rule 10b5-1 trading plan adopted on August 28, 2024. He exercised an employee stock option to purchase 10,000 shares at an exercise price of $26.26, and immediately sold 10,000 Class A shares in multiple open-market transactions at prices ranging roughly from $340.83 to $349.70. The Form 4 shows a sequence of sales that reduced his direct Class A holdings from 92,328 to 82,328 shares, while derivative holdings add the exercised 10,000 shares, resulting in 141,722 shares beneficially owned following the transactions. The filing was signed on 10/03/2025.
Positive
- Transactions executed under a Rule 10b5-1 plan, indicating pre-arranged, documented trading
- Post-transaction beneficial ownership of 141,722 shares, showing continued stake after sales
Negative
- Selling 10,000 shares in open-market trades immediately following exercise, which reduced direct Class A holdings from 92,328 to 82,328
Insights
Insider exercised options and sold the same number of shares under a 10b5-1 plan.
The filing discloses an exercise of 10,000 options at $26.26 and contemporaneous open-market sales totaling 10,000 Class A shares at prices between $340.83 and $349.70. The transactions were executed pursuant to a 10b5-1 trading plan adopted on August 28, 2024, which is a pre‑arranged method insiders use to trade while limiting claims of improper timing.
The reported post-transaction beneficial ownership of 141,722 shares combines direct and derivative positions, showing continued economic exposure despite the sales. The individual sale lots and disclosed weighted-average ranges provide transparent pricing detail that staff or investors can verify.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 10,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 10,000 | $26.26 | $263K |
| Sale | Class A Common Stock | 132 | $341.2714 | $45K |
| Sale | Class A Common Stock | 668 | $342.4132 | $229K |
| Sale | Class A Common Stock | 1,165 | $343.349 | $400K |
| Sale | Class A Common Stock | 981 | $344.3995 | $338K |
| Sale | Class A Common Stock | 1,735 | $345.4662 | $599K |
| Sale | Class A Common Stock | 2,313 | $346.4415 | $801K |
| Sale | Class A Common Stock | 1,342 | $347.3983 | $466K |
| Sale | Class A Common Stock | 1,263 | $348.4738 | $440K |
| Sale | Class A Common Stock | 401 | $349.3664 | $140K |
Footnotes (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 28, 2024, during an open trading window. Represents the weighted average sale price. The lowest price at which shares were sold was $340.83 and the highest price at which shares were sold was $341.64. 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 footnotes (2) through (10) to this Form 4. Represents the weighted average sale price. The lowest price at which shares were sold was $341.90 and the highest price at which shares were sold was $342.86. Represents the weighted average sale price. The lowest price at which shares were sold was $342.92 and the highest price at which shares were sold was $343.87. Represents the weighted average sale price. The lowest price at which shares were sold was $343.92 and the highest price at which shares were sold was $344.90. Represents the weighted average sale price. The lowest price at which shares were sold was $344.95 and the highest price at which shares were sold was $345.93. Represents the weighted average sale price. The lowest price at which shares were sold was $345.95 and the highest price at which shares were sold was $346.93. Represents the weighted average sale price. The lowest price at which shares were sold was $346.95 and the highest price at which shares were sold was $347.91. Represents the weighted average sale price. The lowest price at which shares were sold was $347.97 and the highest price at which shares were sold was $348.96. Represents the weighted average sale price. The lowest price at which shares were sold was $349.00 and the highest price at which shares were sold was $349.70. 1/4 of the total shares underlying the option vested on August 31, 2021 and the remaining 3/4th of the shares underlying the option will vest in equal monthly installments thereafter until the option is fully vested on August 31, 2024, 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.
