Coinbase (COIN) President & COO reports RSU vesting, tax-share withholding and large holdings
Rhea-AI Filing Summary
Coinbase Global, Inc. President & COO Emilie Choi reported routine equity compensation activity. On May 20, 2026, restricted stock units (RSUs) previously granted to her vested, converting into 27,956 shares of Class A Common Stock through derivative exercises.
To cover related federal and state tax obligations from the RSU vesting, 13,862 shares were relinquished to the company at $193.45 per share in an exempt tax-withholding transaction, leaving 549,783 shares owned directly afterward. She also has indirect holdings through Sixers LLC and the Starvurst Exempt and Non-Exempt Trusts, and continues to hold substantial unvested RSUs that vest quarterly through 2028 and 2029, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 14,094 shares
Net Buy
10 txns
Insider
Choi Emilie
Role
President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 11,737 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 6,076 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 10,143 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 11,737 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 6,076 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 10,143 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 13,862 | $193.45 | $2.68M |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 177,577 shares (Direct);
Class A Common Stock — 549,783 shares (Direct);
Class A Common Stock — 57,610 shares (Indirect, By Sixers LLC);
Class A Common Stock — 23,199 shares (Indirect, By Starvurst Non-Exempt Trust);
Class A Common Stock — 49,643 shares (Indirect, By Starvurst Exempt Trust)
Footnotes (11)
- F1. Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
- F2. Includes 25 shares acquired on May 14, 2026, pursuant to the Issuer's 2021 Employee Stock Purchase Plan.
- F3. 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.
- F4. These shares are held by Sixers LLC, of which the Coinbase Annuity Trust is the sole member. The Reporting Person's spouse is the trustee of the Coinbase Annuity Trust. The Reporting Person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein, if any.
- F5. These shares are held by the Starvurst Non-Exempt Trust, of which the Reporting Person's spouse is a co-trustee. The Reporting Person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein, if any.
- F6. These shares are held by the Starvurst Exempt Trust, of which the Reporting Person's spouse is a co-trustee. The Reporting Person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein, if any.
- F7. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F8. 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.
- F9. RSUs do not expire; they either vest or are canceled prior to vesting date.
- F10. 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.
- F11. The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on May 20, 2026, until the award is fully vested on February 20, 2029, subject to the Reporting Person's continued service to the Issuer on each vesting date.
Key Figures
Shares withheld for taxes: 13,862 shares
Tax withholding price: $193.45/share
RSU shares vested: 27,956 shares
+5 more
8 metrics
Shares withheld for taxes
13,862 shares
Tax withholding disposition at $193.45 per share on May 20, 2026
Tax withholding price
$193.45/share
Value used for shares relinquished to cover RSU tax obligations
RSU shares vested
27,956 shares
Total Class A shares from RSU derivative exercises on May 20, 2026
Direct shares after transactions
549,783 shares
Class A Common Stock directly owned following reported Form 4 events
Sixers LLC indirect holding
57,610 shares
Class A Common Stock held indirectly via Sixers LLC
Starvurst Non-Exempt Trust holding
23,199 shares
Class A Common Stock held indirectly by Starvurst Non-Exempt Trust
Starvurst Exempt Trust holding
49,643 shares
Class A Common Stock held indirectly by Starvurst Exempt Trust
RSUs remaining in one grant
111,570 RSUs
Restricted Stock Units remaining after vesting event in one award
Key Terms
Restricted Stock Units, tax withholding, Section 16b-3(e), pecuniary interest, +1 more
5 terms
Restricted Stock Units financial
"Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding financial
"tax withholding obligations of the Reporting Person resulting from the vesting of RSUs."
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
Section 16b-3(e) regulatory
"Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability"
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein"
Employee Stock Purchase Plan financial
"Includes 25 shares acquired on May 14, 2026, pursuant to the Issuer's 2021 Employee Stock Purchase Plan."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Coinbase (COIN) President & COO Emilie Choi report in this Form 4?
Emilie Choi reported vesting of previously granted restricted stock units, which converted into Class A Common Stock. A portion of the resulting shares was surrendered back to Coinbase to satisfy tax withholding obligations, while she retained a large direct and indirect equity position.
What RSU activity did Emilie Choi disclose for Coinbase (COIN)?
Previously granted RSUs vested and converted into 27,956 shares of Class A Common Stock across multiple RSU awards. Footnotes explain that each RSU equals one share and that the awards vest in equal quarterly installments over three years, subject to her continued service.
What indirect Coinbase (COIN) holdings are associated with Emilie Choi?
Indirect holdings include shares held by Sixers LLC, the Starvurst Non-Exempt Trust, and the Starvurst Exempt Trust. Footnotes state she disclaims beneficial ownership of these shares except to the extent of her pecuniary interest, as her spouse or related trusts control these entities.
How do Emilie Choi’s Coinbase (COIN) RSUs vest over time?
Footnotes state certain RSU grants vest in equal quarterly installments over three years. One award began vesting on February 20, 2024, another on May 20, 2025, and a third on May 20, 2026, with final vesting dates in 2026, 2028, and 2029 if she remains in service.