Coinbase (NASDAQ: COIN) grants 60,856 RSUs to legal chief

Rhea-AI Filing Summary

Coinbase Global, Inc. reported that Chief Legal Officer Paul Grewal acquired 60,856 restricted stock units (RSUs) as an equity award. Each RSU represents a contingent right to receive one share of Coinbase Class A common stock.

The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on May 20, 2026 and the award fully vesting on February 20, 2029, subject to his continued service on each vesting date. The RSUs do not expire; they either vest or are canceled before vesting.

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

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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^*

Grewal Paul

(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 Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/14/2026

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

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
Restricted Stock Units	$0(1)	02/14/2026		A		60,856		(2)	(3)	Class A Common Stock	60,856	$0	60,856	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock.

2. The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on May 20, 2026, until the award is fully vested on February 20, 2029, subject to the Reporting Person's continued service to the Issuer on each vesting date.

3. RSUs do not expire; they either vest or are canceled prior to vesting date.

Remarks:

	/s/ Paul Grewal, by Lailey Rezai, Attorney-in-Fact	02/18/2026
	** 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 equity award did Coinbase (COIN) Chief Legal Officer Paul Grewal receive?

Paul Grewal received 60,856 restricted stock units from Coinbase Global, Inc. Each RSU represents a contingent right to one share of Class A common stock, providing him with potential future ownership if vesting conditions tied to continued service are satisfied over time.

How do Paul Grewal’s new Coinbase (COIN) RSUs vest over time?

The 60,856 RSUs vest in equal quarterly installments over three years. Vesting starts with the first 1/12 on May 20, 2026 and continues until the award is fully vested on February 20, 2029, assuming Grewal remains in service each vesting date.

What does each Coinbase (COIN) RSU granted to Paul Grewal represent?

Each restricted stock unit granted to Paul Grewal represents a contingent right to receive one share of Coinbase’s Class A common stock. He receives actual shares only as the RSUs vest according to the three-year quarterly vesting schedule described in the award terms.

Do the Coinbase (COIN) RSUs granted to Paul Grewal ever expire?

The RSUs granted to Paul Grewal do not have an expiration date. They either vest according to the quarterly schedule through February 20, 2029 or are canceled before their scheduled vesting if the continued service condition is not met on future vesting dates.

What service condition applies to Paul Grewal’s new Coinbase (COIN) RSUs?

Vesting of Paul Grewal’s RSUs is subject to his continued service with Coinbase on each vesting date. If he remains in service, portions vest quarterly from May 20, 2026 until final vesting on February 20, 2029; otherwise, unvested units can be canceled.