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

Rhea-AI Filing Summary

Form 4 overview – Coinbase Global, Inc. (COIN)

Director Chris Lehane reported two equity-related transactions dated 18 June 2025:

• 1,180 Class A shares acquired at an exercise price of $0 following the vesting/mandatory conversion (Code M) of previously granted RSUs.
• 1,100 new Restricted Stock Units granted (Code A). These RSUs vest on the earlier of 18 Jun 2026 or the next annual shareholder meeting, subject to continued service.

Post-transaction, the director holds 1,180 shares directly and 1,100 unvested RSUs. No shares were sold and no cash was exchanged; both actions are routine board compensation events. The scale of the transactions is immaterial relative to Coinbase’s public float and does not indicate an open-market purchase or sale.

Positive

• Director increased direct share ownership by 1,180 shares, signaling continued equity alignment with shareholders.
• Grant of 1,100 RSUs extends incentive horizon, potentially fostering longer-term board commitment.

Negative

• No open-market purchase; shares were received at $0, limiting usefulness as a bullish signal.
• Transaction size is immaterial relative to Coinbase’s market capitalization, offering little insight into fundamental outlook.

Insights

Securities Analyst

TL;DR: Routine RSU vest & grant; negligible impact on COIN valuation.

The filing shows standard director compensation mechanics—1,180 RSUs converted to shares and 1,100 fresh RSUs awarded. No open-market activity occurred, and the dollar value is immaterial versus Coinbase’s ~200 million outstanding shares. Such transactions neither strengthen nor weaken the investment thesis; they simply transfer already-promised equity. Investors typically view unchanged net ownership (shares+RSUs) as neutral.

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^*

Lehane Chris

(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)
06/18/2025

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	06/18/2025		M(1)		1,180	A	$0	1,180	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
Restricted Stock Units	(2)	06/18/2025		A		1,100		(3)	(4)	Class A Common Stock	1,100	$0	1,100	D
Restricted Stock Units	(2)	06/18/2025		M(1)			1,180	(5)	(4)	Class A Common Stock	1,180	$0	0	D

Explanation of Responses:

1. Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.

2. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.

3. The RSUs vest on the earlier of June 18, 2026, or the date of the next annual meeting of the stockholders of the Issuer, subject to the Reporting Person's continued service to the Issuer on the vesting date.

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

5. The RSUs vest on the earlier of July 24, 2025 and the date of the next annual meeting of the stockholders of the Issuer, subject to the Reporting Person's continued service to the Issuer on the vesting date.

Remarks:

	/s/ Chris Lehane, by Lailey Rezai, Attorney-in-Fact	06/23/2025
	** 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

How many Coinbase (COIN) shares did Director Chris Lehane acquire?

1,180 Class A shares were acquired through RSU conversion on 18 Jun 2025.

Was there any sale of COIN stock in this Form 4?

No. No shares were sold; the filing only reports an RSU vesting and a new RSU grant.

What new equity award did the director receive?

Lehane received 1,100 Restricted Stock Units that vest on the earlier of 18 Jun 2026 or the next annual meeting.

What is the director’s ownership after the transaction?

Direct holdings are 1,180 shares plus 1,100 unvested RSUs.

Does this Form 4 filing impact Coinbase’s share count materially?

No. The amounts involved are immaterial versus Coinbase’s total outstanding shares.