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

Rhea-AI Filing Summary

Paul Clement, a director of Coinbase Global, Inc. (COIN), reported the vesting of restricted stock units and an acquisition of Class A common stock on 08/20/2025. The filing shows 748 RSUs vested pursuant to previously granted awards and were reported as an acquisition (code M) at a $0 price, reflecting issuance on vesting. Following the transactions, the reporting person directly beneficially owned 2,000 shares of Class A common stock and held an aggregate of 1,496 RSU-based shares

Positive

• Timely disclosure of RSU vesting and resulting ownership increase to 2,000 Class A shares
• Vesting schedule provided (one-third on 08/20/2025; remainder by 08/20/2027) showing retention alignment

Negative

• None.

Insights

Financial Analyst

TL;DR: Director received 748 vested RSUs increasing direct holdings; transaction is routine compensation-related insider activity.

The Form 4 documents a standard vesting event under an equity compensation program resulting in a reported acquisition of 748 shares at $0 and an increase in direct beneficial ownership to 2,000 Class A shares. This is a non-sale, non-cash issuance tied to prior grants rather than market transactions, so it has limited immediate market impact. The vesting schedule disclosed—one-third on 08/20/2025 and the remainder through 08/20/2027—confirms multi-year retention incentives aligned with continued service.

Corporate Governance Expert

TL;DR: Vesting of RSUs reflects standard retention design; disclosure meets Section 16 reporting requirements.

The filing provides clear, timely disclosure of an insider vesting event with required details: transaction date, codes, amounts, ownership form, and vesting schedule. The signature by an attorney-in-fact and the explicit explanation of vesting mechanics indicate proper compliance with reporting rules. No evidence in the filing suggests departures from governance norms or unusual related-party arrangements.

08/22/2025 - 04:10 PM

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
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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^*

Clement 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)

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	2,000	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/ Paul Clement, 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 Clement report on Form 4 for COIN?

The filing reports vesting of 748 RSUs and an acquisition entry dated 08/20/2025, increasing his direct beneficial ownership to 2,000 Class A shares.

How many RSUs vested and what do they convert into?

The report shows 748 RSUs vested; each RSU represents a contingent right to one share of Class A common stock upon vesting.

What is the RSU vesting schedule disclosed in the Form 4?

The RSUs vest 1/3 on 08/20/2025, with the remaining two tranches vesting in equal annual installments until 08/20/2027, subject to continued service.

Was the acquisition a market purchase and what price was reported?

No market purchase; the transaction code is M and the reported price is $0, reflecting issuance upon vesting rather than a cash purchase.

Does the Form 4 indicate any expiration for the RSUs?

The filing states RSUs do not expire; they either vest or are canceled prior to the vesting date.