Coinbase (COIN) CAO Jennifer Jones logs RSU vesting and tax share surrender

Rhea-AI Filing Summary

Coinbase Global, Inc. Chief Accounting Officer Jennifer N. Jones reported equity award activity involving restricted stock units (RSUs) and Class A common stock. On February 20, 2026, RSUs previously granted to her vested, resulting in the acquisition of 1,321 and 1,215 RSUs, each representing a right to receive one share of Class A common stock.

These RSUs were converted into the same number of Class A common shares at no cost upon vesting. In a related exempt transaction, 1,434 Class A shares were relinquished and cancelled to cover federal, state, and provincial tax withholding obligations arising from the RSU vesting, rather than being sold on the open market.

The footnotes state that the RSUs vest in equal quarterly installments over three years, with separate schedules beginning on February 20, 2024 and May 20, 2025, continuing through November 20, 2026 and February 20, 2028, respectively, subject to Jones’s continued service with Coinbase.

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

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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^*

Jones Jennifer N.

(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 Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

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	02/20/2026		M(1)		1,321	A	$0	1,321	D
Class A Common Stock	02/20/2026		M(1)		1,215	A	$0	2,536	D
Class A Common Stock	02/20/2026		F(2)		1,434	D	$165.94	1,102	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)	02/20/2026		M(1)			1,321	(4)	(5)	Class A Common Stock	1,321	$0	3,961	D
Restricted Stock Units	$0(3)	02/20/2026		M(1)			1,215	(6)	(5)	Class A Common Stock	1,215	$0	9,721	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, state and provincial 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, 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.

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 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/ Jennifer N. Jones, by Lailey Rezai, Attorney-in-Fact	02/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transactions did Coinbase (COIN) report for Jennifer N. Jones?

Coinbase reported RSU vesting and related stock movements for Chief Accounting Officer Jennifer N. Jones. She acquired shares through RSU conversions and surrendered 1,434 Class A shares to satisfy tax withholding obligations tied to those vestings, in an exempt, non–open-market transaction.

How many Coinbase (COIN) shares were involved in Jennifer N. Jones’s RSU vesting?

Two RSU tranches vested into 1,321 and 1,215 units, each unit representing one Class A share. These vested RSUs were then converted into the same number of Coinbase Class A common shares at no cost, reflecting scheduled equity compensation for the executive.

Were Jennifer N. Jones’s Coinbase (COIN) share dispositions open-market sales?

No, the Form 4 describes the 1,434-share disposition as an exempt transaction. The shares were relinquished to Coinbase and cancelled in exchange for the company covering federal, state, and provincial tax withholding from RSU vesting, not sold in the market.

What do the RSUs reported by Coinbase (COIN) for Jennifer N. Jones represent?

Each reported restricted stock unit represents a contingent right to receive one share of Coinbase Class A common stock. RSUs either vest into shares on their schedule or are cancelled before vesting, according to the footnotes in the Form 4 filing.

What is the vesting schedule for Jennifer N. Jones’s Coinbase (COIN) RSUs?

The filing states one RSU award vests quarterly over three years starting February 20, 2024, fully vesting November 20, 2026. A second award vests quarterly over three years from May 20, 2025, fully vesting February 20, 2028, subject to her continued service.

Why did Coinbase (COIN) classify the tax-share disposition as exempt for Jennifer N. Jones?

The disposition is described as exempt under Section 16b-3(e). Shares were delivered or withheld to pay tax liabilities arising from RSU vesting, a standard mechanism allowed for equity compensation administered under Rule 16b-3 equity plans.