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

Rhea-AI Filing Summary

Paul Grewal, Chief Legal Officer of Coinbase Global, Inc. (COIN) reported vesting and related share transactions on 08/20/2025. Multiple tranches of restricted stock units (RSUs) vested under previously granted awards, resulting in the acquisition of 10,790 Class A shares through vesting events and the disposition (relinquishment/cancellation) of 5,351 shares surrendered to satisfy federal and state tax withholding obligations at an implied per-share surrender price of $302.07. Following these transactions, the reporting person beneficially owned 87,767 Class A shares (after the tax-related cancellation) and holds additional unvested RSU balances that vest on scheduled quarterly dates through February 20, 2028.

Positive

• Proper compliance with Section 16 reporting: Form 4 timely discloses RSU vesting and related share movements.
• Net increase in owned Class A shares from vesting: 10,790 shares acquired via RSU vesting before withholding.

Negative

• Surrender of shares to cover taxes: 5,351 shares were relinquished and cancelled, reducing net share gain.
• No cash proceeds reported: Transactions are compensatory vesting events rather than cash-generating dispositions.

Insights

Securities Insider Trading Specialist

TL;DR: Routine RSU vesting with share surrender for tax withholding; no unusual trading or cash sale reported.

The Form 4 documents scheduled vesting events for multiple RSU grants to an officer and director, with three non-derivative acquisitions labeled as M(1) reflecting vesting and one F(2) disposition reflecting shares surrendered to cover tax obligations. The surrendered 5,351 shares were cancelled by the issuer under a Section 16b-3(e) exemption. Transactions are consistent with standard equity compensation mechanics and do not indicate secondary market sales or options exercises for cash proceeds. Impact to outstanding ownership is modest relative to typical insider holdings; disclosure aligns with Section 16 reporting requirements.

Corporate Compensation Analyst

TL;DR: Standard compensation vesting schedule executed; tax withholding used via share surrender reduces net share gain.

The filing shows three RSU vesting tranches converting to Class A shares with zero exercise price and standard quarterly vesting schedules for different grant vintages, the latest vesting through February 2028. The use of share withholding to satisfy tax obligations (reported as a disposition at $302.07) is a common, non-dilutive mechanism from the company perspective because surrendered shares were cancelled. For stakeholder analysis, the net increase in beneficial ownership is limited after the tax-related cancellation.

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^*

Grewal Paul

(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 Legal Officer

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)		3,350	A	$0	85,678	D
Class A Common Stock	08/20/2025		M(1)		4,402	A	$0	90,080	D
Class A Common Stock	08/20/2025		M(1)		3,038	A	$0	93,118	D
Class A Common Stock	08/20/2025		F(2)		5,351	D	$302.07	87,767	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	$0(3)	08/20/2025		M(1)			3,350	(4)	(5)	Class A Common Stock	3,350	$0	3,350	D
Restricted Stock Units	$0(3)	08/20/2025		M(1)			4,402	(6)	(5)	Class A Common Stock	4,402	$0	22,008	D
Restricted Stock Units	$0(3)	08/20/2025		M(1)			3,038	(7)	(5)	Class A Common Stock	3,038	$0	30,379	D

Explanation of Responses:

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

2. 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 and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs.

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

4. The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on February 20, 2023, until the award is fully vested on November 20, 2025, subject to the Reporting Person's continued service to the Issuer on each vesting date.

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

6. 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.

7. 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.

Remarks:

	/s/ Paul Grewal, 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 Paul Grewal report on the Form 4 for COIN?

The Form 4 reports vesting of multiple RSU tranches on 08/20/2025 resulting in acquisition of Class A shares and the surrender of 5,351 shares to cover federal and state tax withholding.

How many Class A shares were acquired through vesting on 08/20/2025?

The filing shows acquisitions totaling 10,790 Class A shares from RSU vesting (3,350 + 4,402 + 3,038) on 08/20/2025.

How many shares were surrendered for tax withholding and at what price?

The reporting person relinquished 5,351 shares for tax withholding; the disposition is reported at $302.07 per share.

What is the reporting person’s beneficial ownership after the transactions?

After the reported transactions, the Form 4 shows the reporting person beneficially owned 87,767 Class A shares.

Do the RSUs have expiration dates?

No; the filing states RSUs do not expire and either vest or are canceled prior to vesting.