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

COIN insider Paul Grewal files Form 4 detailing share sales

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Coinbase Global, Inc. (COIN) reported that its Chief Legal Officer, Paul Grewal, filed a Form 4 disclosing multiple open‑market sales of Class A common stock on 11/25/2025. The transactions, all coded as sales, were executed at weighted average prices ranging from about $241.58 to $250.65, with detailed price ranges provided for each group of trades.

The filing states these sales were carried out under a pre‑arranged Rule 10b5‑1 trading plan adopted on August 28, 2024, during an open trading window. Following the reported transactions, Grewal beneficially owned 75,811 shares of Coinbase Class A common stock held directly.

Positive

  • None.

Negative

  • None.
Insider Grewal Paul
Role Chief Legal Officer
Sold 11,955 shs ($2.94M)
Type Security Shares Price Value
Sale Class A Common Stock 520 $241.5799 $126K
Sale Class A Common Stock 715 $242.4706 $173K
Sale Class A Common Stock 1,352 $243.4598 $329K
Sale Class A Common Stock 1,747 $244.3528 $427K
Sale Class A Common Stock 903 $245.3154 $222K
Sale Class A Common Stock 1,452 $246.6999 $358K
Sale Class A Common Stock 2,001 $247.4859 $495K
Sale Class A Common Stock 2,246 $248.6086 $558K
Sale Class A Common Stock 557 $249.4152 $139K
Sale Class A Common Stock 462 $250.6466 $116K
Holdings After Transaction: Class A Common Stock — 87,246 shares (Direct)
Footnotes (1)
  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 $240.97 and the highest price at which shares were sold was $241.88. 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 (11) to this Form 4. Represents the weighted average sale price. The lowest price at which shares were sold was $241.97 and the highest price at which shares were sold was $242.93. Represents the weighted average sale price. The lowest price at which shares were sold was $242.97 and the highest price at which shares were sold was $243.95. Represents the weighted average sale price. The lowest price at which shares were sold was $243.98 and the highest price at which shares were sold was $244.85. Represents the weighted average sale price. The lowest price at which shares were sold was $244.9838 and the highest price at which shares were sold was $245.95. Represents the weighted average sale price. The lowest price at which shares were sold was $246.05 and the highest price at which shares were sold was $247.0412. Represents the weighted average sale price. The lowest price at which shares were sold was $247.08 and the highest price at which shares were sold was $248.05. Represents the weighted average sale price. The lowest price at which shares were sold was $248.08 and the highest price at which shares were sold was $249.07. Represents the weighted average sale price. The lowest price at which shares were sold was $249.08 and the highest price at which shares were sold was $250.10. Represents the weighted average sale price. The lowest price at which shares were sold was $250.11 and the highest price at which shares were sold was $250.965.
Form 4 Insider Transactions: What Each Field Means →
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).
X
 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)
11/25/2025
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 11/25/2025 S(1) 520 D $241.5799(2) 87,246 D
Class A Common Stock 11/25/2025 S(1) 715 D $242.4706(3) 86,531 D
Class A Common Stock 11/25/2025 S(1) 1,352 D $243.4598(4) 85,179 D
Class A Common Stock 11/25/2025 S(1) 1,747 D $244.3528(5) 83,432 D
Class A Common Stock 11/25/2025 S(1) 903 D $245.3154(6) 82,529 D
Class A Common Stock 11/25/2025 S(1) 1,452 D $246.6999(7) 81,077 D
Class A Common Stock 11/25/2025 S(1) 2,001 D $247.4859(8) 79,076 D
Class A Common Stock 11/25/2025 S(1) 2,246 D $248.6086(9) 76,830 D
Class A Common Stock 11/25/2025 S(1) 557 D $249.4152(10) 76,273 D
Class A Common Stock 11/25/2025 S(1) 462 D $250.6466(11) 75,811 D
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 28, 2024, during an open trading window.
2. Represents the weighted average sale price. The lowest price at which shares were sold was $240.97 and the highest price at which shares were sold was $241.88. 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 (11) to this Form 4.
3. Represents the weighted average sale price. The lowest price at which shares were sold was $241.97 and the highest price at which shares were sold was $242.93.
4. Represents the weighted average sale price. The lowest price at which shares were sold was $242.97 and the highest price at which shares were sold was $243.95.
5. Represents the weighted average sale price. The lowest price at which shares were sold was $243.98 and the highest price at which shares were sold was $244.85.
6. Represents the weighted average sale price. The lowest price at which shares were sold was $244.9838 and the highest price at which shares were sold was $245.95.
7. Represents the weighted average sale price. The lowest price at which shares were sold was $246.05 and the highest price at which shares were sold was $247.0412.
8. Represents the weighted average sale price. The lowest price at which shares were sold was $247.08 and the highest price at which shares were sold was $248.05.
9. Represents the weighted average sale price. The lowest price at which shares were sold was $248.08 and the highest price at which shares were sold was $249.07.
10. Represents the weighted average sale price. The lowest price at which shares were sold was $249.08 and the highest price at which shares were sold was $250.10.
11. Represents the weighted average sale price. The lowest price at which shares were sold was $250.11 and the highest price at which shares were sold was $250.965.
Remarks:
/s/ Paul Grewal, 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 insider activity at Coinbase (COIN) is disclosed in this Form 4?

The Form 4 reports that Chief Legal Officer Paul Grewal sold multiple blocks of Coinbase Class A common stock in open‑market transactions on 11/25/2025.

What prices did Paul Grewal receive for the COIN shares he sold?

Each line reflects a weighted average sale price, with examples including about $241.5799, $242.4706, and up to about $250.6466, with specific high‑low ranges disclosed in the footnotes.

How many Coinbase shares does Paul Grewal own after these transactions?

After the reported sales, Paul Grewal beneficially owned 75,811 shares of Coinbase Class A common stock, held directly.

Were Paul Grewal’s COIN share sales under a Rule 10b5-1 plan?

Yes. The filing states the transactions were effected pursuant to a Rule 10b5‑1 trading plan adopted by Paul Grewal on August 28, 2024, during an open trading window.

What do the weighted average price footnotes mean in this COIN Form 4?

Each footnote explains that the reported price is a weighted average, and provides the lowest and highest sale prices in the range (for example, from $240.97 to $241.88 for one group).

Does the Form 4 list any Coinbase derivative securities for Paul Grewal?

The section for derivative securities is present but contains no specific transactions or holdings in the provided content.