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Minor Insider Activity: Coinbase Co-Founder Ehrsam Reports New RSU Vesting

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Coinbase Global (NASDAQ:COIN) filed a Form 4 disclosing routine equity-compensation activity by co-founder and director Frederick Ernest Ehrsam III on June 18 2025. The filing shows the automatic vesting and settlement of 1,150 restricted stock units (RSUs), alongside the conversion of previously granted awards that generated 54 Class A common shares at a cost basis of $0 per share. Following the transaction, Ehrsam directly holds 11,881 Class A shares. No open-market sales or purchases were reported, and the RSUs will fully vest on the earlier of June 18 2026 or the next annual shareholders’ meeting, subject to continued service.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Routine RSU vesting; negligible ownership change.

The Form 4 details standard equity-compensation events rather than discretionary buying or selling. Ehrsam’s net addition of 54 shares (less than 1 % of his reported holdings) and grant of 1,150 new RSUs do not materially alter insider ownership or signal directional sentiment. Given the modest size and $0 exercise price, investors should view the disclosure as administrative rather than market-moving.

Insider Ehrsam Frederick Ernest III
Role Director
Type Security Shares Price Value
Grant/Award Restricted Stock Units 1,150 $0.00 --
Exercise Restricted Stock Units 54 $0.00 --
Exercise Class A Common Stock 54 $0.00 --
Holdings After Transaction: Restricted Stock Units — 1,150 shares (Direct); Class A Common Stock — 11,881 shares (Direct)
Footnotes (1)
  1. Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. The RSUs vest on the earlier of June 18, 2026, or the date of the next annual meeting of the stockholders of the Issuer, subject to the Reporting Person's continued service to the Issuer on the vesting date. RSUs do not expire; they either vest or are canceled prior to vesting date. The RSUs vest on the earlier of July 24, 2025, or the date of the next annual meeting of the stockholders of the Issuer, subject to the Reporting Person's continued service to the Issuer on the vesting date.
Form 4 Insider Transactions: What Each Field Means →
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*
Ehrsam Frederick Ernest III
(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)
06/18/2025
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 06/18/2025 M(1) 54 A $0 11,881 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) 06/18/2025 A 1,150 (3) (4) Class A Common Stock 1,150 $0 1,150 D
Restricted Stock Units (2) 06/18/2025 M(1) 54 (5) (4) Class A Common Stock 54 $0 0 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 on the earlier of June 18, 2026, or the date of the next annual meeting of the stockholders of the Issuer, subject to the Reporting Person's continued service to the Issuer on the vesting date.
4. RSUs do not expire; they either vest or are canceled prior to vesting date.
5. The RSUs vest on the earlier of July 24, 2025, or the date of the next annual meeting of the stockholders of the Issuer, subject to the Reporting Person's continued service to the Issuer on the vesting date.
Remarks:
/s/ Frederick Ernest Ehrsam III, by Lailey Rezai, Attorney-in-Fact 06/23/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

How many Coinbase Class A shares did Frederick Ehrsam acquire on 06/18/2025?

The Form 4 reports the issuance of 54 Class A shares upon RSU conversion at a $0 exercise price.

What is Frederick Ehrsam's total direct share ownership after the reported transactions?

Following the RSU settlement, Ehrsam directly holds 11,881 Class A shares of Coinbase Global.

How many restricted stock units were granted to Ehrsam in this filing?

He received a grant of 1,150 new RSUs that will vest on the earlier of June 18 2026 or the next shareholder meeting.

Did the filing indicate any open-market purchases or sales by Ehrsam?

No. The transactions were automatic RSU vesting and grants; no open-market trades were disclosed.