Coinbase Form 4: Chief People Officer details RSU vesting
Rhea-AI Filing Summary
Coinbase Global, Inc. (COIN) Chief People Officer Lawrence J. Brock reported multiple equity transactions tied to restricted stock units (RSUs) on 11/20/2025. He acquired a total of 10,485 shares of Class A common stock at $0 per share upon vesting of three RSU grants (3,350, 4,401 and 2,734 shares). To cover federal and state tax withholding from this vesting, 4,583 shares were relinquished to Coinbase at a price of $257.29 per share.
After these transactions, Brock directly held 6,399 shares of Class A common stock, and an additional 20,727 shares were reported as indirectly held through 4JMB LLC, of which he is the sole member. The filing also shows 24,607 RSUs remaining beneficially owned, subject to time-based vesting schedules running through February 20, 2028, contingent on his continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 3,350 | $0.00 | -- |
| Exercise | Restricted Stock Units | 4,401 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,734 | $0.00 | -- |
| Exercise | Class A Common Stock | 3,350 | $0.00 | -- |
| Exercise | Class A Common Stock | 4,401 | $0.00 | -- |
| Exercise | Class A Common Stock | 2,734 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 4,583 | $257.29 | $1.18M |
| holding | Class A Common Stock | -- | -- | -- |
Footnotes (1)
- Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person. Includes 19 shares acquired on November 14, 2025, pursuant to the Issuer's 2021 Employee Stock Purchase Plan. 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. These shares are held of record by 4JMB LLC, of which the Reporting Person is the sole member. The Reporting Person disclaims beneficial ownership of the shares owned by 4JMB LLC, except to the extent of his pecuniary interest therein, if any. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock. 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. RSUs do not expire; they either vest or are canceled prior to vesting date. 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. 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.
