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

Rhea-AI Filing Summary

Coinbase Global (COIN) director reported open‑market sales totaling 10,000 Class A shares on 11/06/2025, executed in multiple tranches under a Rule 10b5‑1 trading plan adopted on August 7, 2025. Reported weighted‑average sale prices ranged from $295.4307 to $312.1371, with detailed price ranges provided for each tranche.

Following these transactions, the reporting person directly holds 204,973 Class A shares. Indirect holdings disclosed include 2,416 shares via FJW Partners, LLC and 50,000 shares via the Fred and Joanne Wilson 2012 Delaware Trust, with beneficial ownership disclaimed except to any pecuniary interest.

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).

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^*

WILSON FREDERICK R

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/06/2025

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	11/06/2025		S(1)		644	D	$295.4307(2)	214,329	D(3)
Class A Common Stock	11/06/2025		S(1)		1,121	D	$296.5158(4)	213,208	D(3)
Class A Common Stock	11/06/2025		S(1)		960	D	$297.5808(5)	212,248	D(3)
Class A Common Stock	11/06/2025		S(1)		986	D	$298.6877(6)	211,262	D(3)
Class A Common Stock	11/06/2025		S(1)		886	D	$299.7166(7)	210,376	D(3)
Class A Common Stock	11/06/2025		S(1)		1,059	D	$300.7743(8)	209,317	D(3)
Class A Common Stock	11/06/2025		S(1)		1,285	D	$301.6344(9)	208,032	D(3)
Class A Common Stock	11/06/2025		S(1)		520	D	$302.6669(10)	207,512	D(3)
Class A Common Stock	11/06/2025		S(1)		240	D	$304.0933(11)	207,272	D(3)
Class A Common Stock	11/06/2025		S(1)		284	D	$305.2789(12)	206,988	D(3)
Class A Common Stock	11/06/2025		S(1)		455	D	$306.7487(13)	206,533	D(3)
Class A Common Stock	11/06/2025		S(1)		240	D	$307.6317(14)	206,293	D(3)
Class A Common Stock	11/06/2025		S(1)		320	D	$308.59(15)	205,973	D(3)
Class A Common Stock	11/06/2025		S(1)		360	D	$309.7967(16)	205,613	D(3)
Class A Common Stock	11/06/2025		S(1)		360	D	$310.9378(17)	205,253	D(3)
Class A Common Stock	11/06/2025		S(1)		280	D	$312.1371(18)	204,973	D(3)
Class A Common Stock								2,416	I	By FJW Partners, LLC(19)
Class A Common Stock								50,000	I	By the Fred and Joanne Wilson 2012 Delaware Trust(20)

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 7, 2025, during an open trading window.

2. Represents the weighted average sale price. The lowest price at which shares were sold was $294.94 and the highest price at which shares were sold was $295.76. 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 ranges set forth in footnotes (2) and (4) through (18) to this Form 4.

3. Represents shares of the Issuer's Class A Common Stock beneficially owned by the Reporting Person and his spouse.

4. Represents the weighted average sale price. The lowest price at which shares were sold was $295.95 and the highest price at which shares were sold was $296.94.

5. Represents the weighted average sale price. The lowest price at which shares were sold was $297.10 and the highest price at which shares were sold was $298.03.

6. Represents the weighted average sale price. The lowest price at which shares were sold was $298.12 and the highest price at which shares were sold was $299.10.

7. Represents the weighted average sale price. The lowest price at which shares were sold was $299.23 and the highest price at which shares were sold was $300.20.

8. Represents the weighted average sale price. The lowest price at which shares were sold was $300.23 and the highest price at which shares were sold was $301.18.

9. Represents the weighted average sale price. The lowest price at which shares were sold was $301.25 and the highest price at which shares were sold was $302.20.

10. Represents the weighted average sale price. The lowest price at which shares were sold was $302.26 and the highest price at which shares were sold was $302.99.

11. Represents the weighted average sale price. The lowest price at which shares were sold was $303.73 and the highest price at which shares were sold was $304.41.

12. Represents the weighted average sale price. The lowest price at which shares were sold was $304.99 and the highest price at which shares were sold was $305.82.

13. Represents the weighted average sale price. The lowest price at which shares were sold was $306.20 and the highest price at which shares were sold was $307.15.

14. Represents the weighted average sale price. The lowest price at which shares were sold was $307.20 and the highest price at which shares were sold was $308.04.

15. Represents the weighted average sale price. The lowest price at which shares were sold was $308.33 and the highest price at which shares were sold was $309.19.

16. Represents the weighted average sale price. The lowest price at which shares were sold was $309.35 and the highest price at which shares were sold was $310.23.

17. Represents the weighted average sale price. The lowest price at which shares were sold was $310.54 and the highest price at which shares were sold was $311.40.

18. Represents the weighted average sale price. The lowest price at which shares were sold was $311.59 and the highest price at which shares were sold was $312.44.

19. Each of the Reporting Person and his spouse is a managing member of FJW Partners, LLC and, as such, may be deemed to share voting and dispositive power over the shares owned by FJW Partners, LLC. The Reporting Person disclaims beneficial ownership of the shares owned by FJW Partners, LLC, except to the extent of his pecuniary interest therein, if any.

20. These shares are held of record by The Fred and Joanne Wilson 2012 Delaware Trust, of which the Reporting Person's spouse is the grantor. The Reporting Person disclaims beneficial ownership of the shares owned by The Fred and Joanne Wilson 2012 Delaware Trust, except to the extent of his pecuniary interest therein, if any.

Remarks:

	/s/ Frederick R. Wilson, by Lailey Rezai, Attorney-in-Fact	11/10/2025
	** 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’s director report in this Form 4?

Open‑market sales totaling 10,000 Class A shares on 11/06/2025 across multiple tranches.

Were the COIN share sales under a 10b5‑1 plan?

Yes. The transactions were made under a Rule 10b5‑1 trading plan adopted on August 7, 2025.

What prices were the COIN shares sold at?

Weighted‑average prices ranged from $295.4307 to $312.1371, with detailed low/high ranges for each tranche.

How many COIN shares does the director hold after the sales?

Direct ownership is 204,973 Class A shares after the reported transactions.

Are there indirect COIN holdings disclosed?

Yes. 2,416 shares via FJW Partners, LLC and 50,000 shares via the Fred and Joanne Wilson 2012 Delaware Trust, subject to beneficial ownership disclaimers.

What is the director’s relationship to Coinbase Global, Inc.?

The reporting person is a Director of Coinbase Global, Inc.