Coinbase (COIN) CAO withholds 2,502 shares for taxes
Rhea-AI Filing Summary
For Coinbase Global, Inc. (COIN), Chief Accounting Officer Jennifer N. Jones reported the vesting and settlement of previously granted restricted stock units (RSUs) on August 20, 2026. A total of 4,564 RSUs were converted into an equal number of shares of Class A Common Stock, at a conversion price of $0.00 per share, reflecting routine equity compensation vesting.
In connection with this vesting, 2,502 shares of Class A Common Stock were relinquished at $160.20 per share and cancelled by Coinbase so the company could satisfy Ms. Jones’s federal, state and provincial tax withholding obligations arising from the RSU vesting. The remaining vested shares were retained, and the transactions were reported as exempt under Section 16b-3(e).
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,062 shares
Net Buy
7 txns
Insider
Jones Jennifer N.
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F3, F1, F4, F5 | 1,321 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F3, F1, F6, F5 | 1,214 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F3, F1, F7, F5 | 2,029 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 1,321 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 1,214 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 2,029 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock F2 | 2,502 | $160.20 | $401K |
Holdings After Transaction:
Restricted Stock Units — 28,896 shares (Direct);
Class A Common Stock — 2,062 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, state and provincial 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 converted: 4,564 shares
First RSU tranche: 1,321 shares
Second RSU tranche: 1,214 shares
+3 more
6 metrics
RSUs converted
4,564 shares
Total RSUs exercised/converted into Class A Common Stock on August 20, 2026
First RSU tranche
1,321 shares
RSUs converted into Class A Common Stock on August 20, 2026
Second RSU tranche
1,214 shares
RSUs converted into Class A Common Stock on August 20, 2026
Third RSU tranche
2,029 shares
RSUs converted into Class A Common Stock on August 20, 2026
Shares withheld for taxes
2,502 shares
Class A Common Stock relinquished and cancelled to cover tax withholding on RSU vesting
Per-share value for tax withholding
$160.20 per share
Price applied to Class A Common Stock in the code F tax withholding transaction
Key Terms
Restricted Stock Units, Section 16b-3(e), Rule 16b-3, Class A Common Stock, +1 more
5 terms
Restricted Stock Units financial
"Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person"
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
"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.
Class A Common Stock financial
"Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
tax withholding obligations financial
"pay federal, state and provincial tax withholding obligations of the Reporting Person"
FAQ
What did Coinbase (COIN) disclose about Jennifer N. Jones’s RSUs on this Form 4?
Coinbase disclosed that Chief Accounting Officer Jennifer N. Jones had 4,564 RSUs vest on August 20, 2026, which were settled into the same number of shares of Class A Common Stock at a conversion price of $0.00 per share, as part of her equity compensation.
Were Jennifer N. Jones’s Coinbase (COIN) transactions part of regular compensation?
Yes. The Form 4 states the transactions reflect vesting of restricted stock units previously granted to Jennifer N. Jones, with each RSU representing a right to receive one share of Coinbase Class A Common Stock, vesting in equal quarterly installments over three years per the award terms.
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