[Form 4] Coinbase Global, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Coinbase Global, Inc. (COIN) chief legal officer Paul Grewal reported multiple equity transactions related to restricted stock units (RSUs) on 11/20/2025. He acquired 3,350, 4,401, and 3,038 shares of Class A common stock at an exercise price of $0 upon vesting of previously granted RSUs, and then disposed of 5,351 shares at $257.29 per share to cover tax withholding obligations.
Following these transactions, he directly beneficially owned 87,766 shares of Coinbase Class A common stock and held remaining RSUs covering 27,341 shares. The RSU awards vest in equal quarterly installments over three-year periods ending on 11/20/2025, 11/20/2026, and 02/20/2028, subject to his continued service with the company.
Positive
- None.
Negative
- None.
Insights
Routine RSU vesting and tax withholding transactions by Coinbase CLO.
The filing shows Paul Grewal, Coinbase’s chief legal officer, converting RSUs into Class A common shares on 11/20/2025. He received 3,350, 4,401, and 3,038 shares at an exercise price of $0, which is standard for RSU vesting and does not itself involve cash changing hands.
To satisfy federal and state tax withholding from the vesting, 5,351 shares were relinquished at a price of $257.29 per share under an exempt Section 16b-3(e) transaction. After these moves, he held 87,766 shares directly and RSUs covering 27,341 additional shares, aligning with long-term quarterly vesting schedules through 11/20/2026 and 02/20/2028.
These events are typical for senior executive equity compensation and do not, by themselves, signal a change in the company’s operating outlook. They mainly update the market on Grewal’s current share ownership and remaining unvested awards.
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 | 3,038 | $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 | 3,038 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 5,351 | $257.29 | $1.38M |
Footnotes (1)
- Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person. 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. 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.
