Coinbase (NASDAQ: COIN) CFO has 8,339 shares withheld for taxes
Rhea-AI Filing Summary
Coinbase Global, Inc. (COIN) reported that Chief Financial Officer Alesia J. Haas had 16,817 Restricted Stock Units (RSUs) vest and convert into an equal number of shares of Class A common stock on August 20, 2026. These RSUs come from three awards that vest in equal quarterly installments over three years, beginning on February 20, 2024, May 20, 2025, and May 20, 2026, respectively, subject to continued service. In connection with the vesting, 8,339 shares of Class A common stock were withheld and cancelled at a price of $160.20 per share to cover federal and state tax withholding obligations, as disclosed under an exempt Section 16b-3(e) transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 8,478 shares
Net Buy
7 txns
Insider
HAAS ALESIA J
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3, F1, F4, F5 | 5,869 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F3, F1, F6, F5 | 4,101 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F3, F1, F7, F5 | 6,847 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 5,869 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 4,101 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 6,847 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock F2 | 8,339 | $160.20 | $1.34M |
Holdings After Transaction:
Restricted Stock Units — 98,939 shares (Direct);
Class A Common Stock — 384,406 shares (Direct)
Footnotes (7)
- F1. Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
- F2. Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs.
- F3. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F4. The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on February 20, 2024, until the award is fully vested on November 20, 2026, subject to the Reporting Person's continued service to the Issuer on each vesting date.
- F5. RSUs do not expire; they either vest or are canceled prior to vesting date.
- F6. The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on May 20, 2025, until the award is fully vested on February 20, 2028, subject to the Reporting Person's continued service to the Issuer on each vesting date.
- F7. 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.
Key Figures
RSUs vested and converted: 16,817 RSUs / shares
Shares withheld for taxes: 8,339 shares
Tax withholding share price: $160.20 per share
+4 more
7 metrics
RSUs vested and converted
16,817 RSUs / shares
Total RSUs that vested and converted into Class A common stock on August 20, 2026
Shares withheld for taxes
8,339 shares
Class A shares relinquished and cancelled to cover tax withholding on RSU vesting
Tax withholding share price
$160.20 per share
Per-share value used for the tax withholding transaction under code F
Derivative exercises
16,817 RSUs
Exercise or conversion of RSUs into Class A common stock (transaction code M, 3 transactions)
First RSU grant vesting start
February 20, 2024
First 1/12 of one RSU award vests then; quarterly over three years to November 20, 2026
Second RSU grant vesting period
May 20, 2025 to February 20, 2028
Vests in equal quarterly installments over three years, subject to continued service
Third RSU grant vesting period
May 20, 2026 to February 20, 2029
Vests in equal quarterly installments over three years, subject to continued service
Key Terms
Restricted Stock Units, Section 16b-3(e), Rule 16b-3, tax withholding obligations, +1 more
5 terms
Restricted Stock Units financial
"Vesting of restricted stock units ("RSUs") previously granted to the Reporting"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Section 16b-3(e) regulatory
"Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price"
Rule 16b-3 regulatory
"incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3."
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
tax withholding obligations financial
"in exchange for the Issuer's agreement to pay federal and state tax withholding obligations"
contingent right financial
"Each RSU represents a contingent right to receive one share of the Issuer's"
FAQ
What did COIN’s CFO Alesia Haas report in this Form 4?
Alesia Haas reported vesting of 16,817 RSUs that converted into the same number of Coinbase Class A common shares on August 20, 2026, plus a related share withholding to satisfy tax obligations connected to that vesting.
How many Coinbase (COIN) RSUs vested for the CFO in this filing?
A total of 16,817 RSUs vested for Alesia Haas. Each RSU represents a contingent right to receive one share of Coinbase’s Class A common stock, so 16,817 shares were issued upon vesting.
Over what period do the reported Coinbase (COIN) RSU awards vest?
The RSU awards vest in equal quarterly installments over three years. The three grants begin vesting on February 20, 2024, May 20, 2025, and May 20, 2026, respectively, with final vesting dates in November 2026, February 2028, and February 2029.
Do the Coinbase (COIN) RSUs reported in this Form 4 expire if unvested?
The filing explains that RSUs do not expire; they either vest or are cancelled before the vesting date. This applies to the RSUs reported for Alesia Haas.
AI-generated analysis. How Rhea-AI works. Not financial advice.
