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

Rhea-AI Filing Summary

Chris Lehane, a director of Coinbase Global, Inc. (COIN), reported the vesting and acquisition of restricted stock units on 08/20/2025. A tranche of 748 RSUs vested and were converted into Class A common shares at a $0 purchase price, increasing his direct beneficial ownership of Class A common stock to 1,928 shares. The filing explains each RSU represents the right to one share and that the award vests 1/3 on August 20, 2025 with the remaining two thirds vesting in equal annual installments until August 20, 2027, subject to continued service. The filing is signed on behalf of Mr. Lehane by an attorney-in-fact and reflects routine equity compensation vesting for a director.

Positive

• 748 RSUs vested and were settled into Class A common shares on 08/20/2025
• Post-transaction direct beneficial ownership reported as 1,928 Class A shares, providing clear transparency

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine director RSU vesting recorded; aligns compensation delivery with continued service requirements.

The Form 4 documents a standard vesting event where 748 RSUs vested into Class A shares for a director. The filing states the RSUs convert one-for-one to shares and outlines the multi-year vesting schedule ending August 20, 2027, which is typical for retention-focused equity awards. The disclosure is timely and complete for Section 16 reporting: it shows transaction date, amount acquired, post-transaction beneficial ownership, and that acquisition price is listed as $0 consistent with RSU settlements. From a governance perspective, this is a routine, non-disclosable change in control or policy and principally confirms alignment with service-based compensation practices.

Securities Analyst

TL;DR: Insider acquired 748 shares via RSU vesting; transaction is informational and not likely market-moving.

The Form 4 reports the deemed acquisition of 748 shares through vested RSUs on 08/20/2025, showing direct beneficial ownership of 1,928 Class A shares post-transaction and 1,496 RSUs reported as derivative securities remaining or recorded in the filing. The exercise/settlement price is $0, reflecting settlement of prior equity awards rather than an open-market purchase. This disclosure satisfies regulatory transparency requirements; it does not present earnings, debt, or operational data and therefore carries limited immediate valuation impact.

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)
08/20/2025

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	08/20/2025		M(1)		748	A	$0	1,928	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)	08/20/2025		M(1)			748	(3)	(4)	Class A Common Stock	748	$0	1,496	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 with respect to 1/3 of the total award on August 20, 2025, and an additional 1/3 of the award vests in equal annual installments thereafter until the award is fully vested on August 20, 2027, subject to the Reporting Person's continued service to the Issuer on each vesting date.

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

Remarks:

	/s/ Chris Lehane, by Lailey Rezai, Attorney-in-Fact	08/22/2025
	** 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 Chris Lehane report on Form 4 for COIN?

The Form 4 reports the vesting and acquisition of 748 RSUs into Class A common shares on 08/20/2025, increasing his direct ownership to 1,928 shares.

How do the RSUs convert into Coinbase Class A shares?

Each RSU represents a contingent right to receive one share of the issuer's Class A common stock upon vesting; the vested RSUs were settled at a $0 price per share.

What is the vesting schedule disclosed in the filing?

The filing states 1/3 of the award vested on August 20, 2025, with the remaining two-thirds vesting in equal annual installments until August 20, 2027, subject to continued service.

Does the filing show any open-market purchases or sales by the director?

No. The reported transaction is the vesting/settlement of RSUs (code M) into shares at $0, not an open-market buy or sale.

Who signed the Form 4 and when?

The Form 4 is signed on behalf of Chris Lehane by an attorney-in-fact (Lailey Rezai) and dated 08/22/2025.