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

Rhea-AI Filing Summary

Brock Lawrence J, Chief People Officer of Coinbase Global, Inc. (COIN), reported insider sales executed under a Rule 10b5-1 trading plan adopted December 2, 2024. On 08/22/2025 the reporting person sold a total of 5,903 Class A shares in multiple transactions at weighted-average prices ranging roughly from $299.13 to $321.68. After these dispositions the reporting person directly beneficially owned 478 Class A shares and indirectly held 20,727 shares of record via 4JMB LLC, of which he is the sole member. The Form 4 discloses the 10b5-1 plan and provides price ranges and weighted-average prices for each block sold. The filing was signed by attorney-in-fact Amanda Baratz on 08/26/2025.

Positive

• Sales executed under a disclosed Rule 10b5-1 plan, indicating pre-planned transactions and adherence to insider trading policies
• Detailed price and quantity disclosure with weighted-average prices and low/high ranges provided for each block

Negative

• Insider disposition of 5,903 Class A shares, reducing direct beneficial ownership to 478 shares
• Form does not state total percentage ownership of the company, so materiality of the sales relative to outstanding shares cannot be assessed from this filing

Insights

Corporate Governance Expert

TL;DR: Routine, pre-planned insider sales under a disclosed 10b5-1 plan; governance and disclosure practices appear followed.

The Form 4 shows multiple small-to-moderate block sales totaling 5,903 shares executed pursuant to a Rule 10b5-1 plan adopted on December 2, 2024. The filing clearly identifies the plan and provides weighted-average sale prices and price ranges for each tranche, which is consistent with robust disclosure practices. There is an explicit disclaimer of beneficial ownership for shares held by 4JMB LLC except for any pecuniary interest, which aligns with common governance disclosures. Overall, this appears to be a routine compliance-driven report rather than a governance red flag.

Securities Analyst

TL;DR: Insider sold 5,903 Class A shares across price points $299–$321; transactions were pre-planned under a 10b5-1 program.

From an investor-impact perspective, the trades are disclosed as executed under a 10b5-1 plan, indicating they were pre-authorized. Total shares sold equal 5,903 with weighted-average prices reported for each block. Post-transaction direct holdings are 478 shares and indirect holdings via 4JMB LLC are 20,727 shares. The size of the sale, relative to the issuer's outstanding float, is not reported here and therefore materiality to valuation cannot be assessed from this filing alone.

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).

X

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^*

Brock Lawrence J

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/22/2025

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	08/22/2025		S(1)		500	D	$299.43(2)	5,881	D
Class A Common Stock	08/22/2025		S(1)		1,839	D	$300.5244(3)	4,042	D
Class A Common Stock	08/22/2025		S(1)		100	D	$301.78	3,942	D
Class A Common Stock	08/22/2025		S(1)		100	D	$309.19	3,842	D
Class A Common Stock	08/22/2025		S(1)		100	D	$311.61	3,742	D
Class A Common Stock	08/22/2025		S(1)		200	D	$314.38(4)	3,542	D
Class A Common Stock	08/22/2025		S(1)		100	D	$316.28	3,442	D
Class A Common Stock	08/22/2025		S(1)		700	D	$318.7143(5)	2,742	D
Class A Common Stock	08/22/2025		S(1)		1,071	D	$319.9402(6)	1,671	D
Class A Common Stock	08/22/2025		S(1)		1,193	D	$321.1435(7)	478	D
Class A Cpmmon Stock								20,727	I	By 4JMB LLC(8)

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 transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 2, 2024, during an open trading window.

2. Represents the weighted average sale price. The lowest price at which shares were sold was $299.13 and the highest price at which shares were sold was $299.84. 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) through (7) to this Form 4.

3. Represents the weighted average sale price. The lowest price at which shares were sold was $300.40 and the highest price at which shares were sold was $300.83.

4. Represents the weighted average sale price. The lowest price at which shares were sold was $313.98 and the highest price at which shares were sold was $314.78.

5. Represents the weighted average sale price. The lowest price at which shares were sold was $318.09 and the highest price at which shares were sold was $319.02.

6. Represents the weighted average sale price. The lowest price at which shares were sold was $319.40 and the highest price at which shares were sold was $320.36.

7. Represents the weighted average sale price. The lowest price at which shares were sold was $320.72 and the highest price at which shares were sold was $321.68.

8. These shares are held of record by 4JMB LLC, of which the Reporting Person is the sole member. The Reporting Person disclaims beneficial ownership of the shares owned by 4JMB LLC, except to the extent of his pecuniary interest therein, if any.

	/s/ Lawrence J. Brock, by Amanda Baratz, Attorney-in-Fact	08/26/2025
	** 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 the COIN Form 4 filed by Brock Lawrence J report?

The Form 4 reports sales of 5,903 Class A shares on 08/22/2025 executed under a Rule 10b5-1 plan; post-sales direct ownership is 478 shares and indirect ownership via 4JMB LLC is 20,727 shares.

Were the sales by Brock Lawrence J planned under a 10b5-1 trading plan?

Yes. The filing states the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on December 2, 2024.

What price range and weighted-average prices were reported for the COIN sales?

Weighted-average sale prices are provided for each block with low/high ranges across tranches approximately from $299.13 to $321.68.

Who holds the indirectly owned shares reported on the Form 4?

The filing states 4JMB LLC holds 20,727 shares of record; Brock Lawrence J is the sole member and disclaims beneficial ownership except to the extent of any pecuniary interest.

When was the Form 4 signed and by whom?

The Form 4 is signed on behalf of the reporting person by Amanda Baratz, Attorney-in-Fact on 08/26/2025.