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

Rhea-AI Filing Summary

Christa Davies, a director of Coinbase Global, Inc. (COIN), reported the vesting of restricted stock units (RSUs) on 08/20/2025. The filing shows 748 RSUs vested with a reported price of $0 per share. Each RSU converts to one share of Class A common stock. After the reported transaction the filing lists 2,000 shares held directly and 17,000 shares held indirectly of record by an irrevocable trust for which the reporting person is a beneficiary. The RSU award vests 1/3 on 08/20/2025 and the remainder in equal annual installments until full vesting on 08/20/2027.

Positive

• 748 RSUs vested, converting to contingent rights to Class A shares at no cash price
• Clear vesting schedule provided: 1/3 on 08/20/2025, remaining in equal annual installments through 08/20/2027
• Disclosure includes trust details and a disclaimer about beneficial ownership, enhancing transparency

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine insider vesting; modest increase in direct holdings, no cash purchase or sale reported.

The Form 4 documents a standard vesting event: 748 RSUs converted to contingent shares at no cash price, increasing the reporting person’s direct holdings to 2,000 shares while 17,000 shares remain held in an irrevocable trust. The filing cites the award’s defined multi-year vesting schedule through 2027 and reiterates the reporting person disclaims beneficial ownership of trust shares except for pecuniary interest. This disclosure is procedural and does not indicate a market transaction or change in control.

Corporate Governance Expert

TL;DR: Disclosure aligns with standard equity compensation and trust reporting conventions.

The narrative and explanatory notes clarify that the vested RSUs were part of a prior grant and that the irrevocable trust holds additional shares of record. The reporting includes customary disclaimers about beneficial ownership of trust assets and provides the vesting cadence (1/3 initially, then equal annual installments to 2027). From a governance perspective, the filing meets Section 16 transparency requirements and contains no unusual terms or atypical transactions.

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^*

Davies Christa

(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
Class A Common Stock								17,000	I	Irrevocable Trust(2)

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	(3)	08/20/2025		M(1)			748	(4)	(5)	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. These shares are held of record by an irrevocable trust, of which the Reporting Person is a beneficiary. The Reporting Person disclaims beneficial ownership of the shares owned by the irrevocable trust, except to the extent of her pecuniary interest therein, if any.

3. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.

4. 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.

5. RSUs do not expire; they either vest or are canceled prior to vesting date.

Remarks:

	/s/ Christa Davies, 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 Christa Davies report on Form 4 for COIN?

The Form 4 reports the vesting of 748 restricted stock units (RSUs) on 08/20/2025, converting to contingent rights to Class A common stock at a reported price of $0.

How many Coinbase (COIN) shares does the filing show Christa Davies owns after the transaction?

The filing shows 2,000 shares held directly and 17,000 shares held indirectly of record by an irrevocable trust.

What is the vesting schedule for the RSU award reported by COIN director Christa Davies?

The RSUs vest 1/3 on 08/20/2025 and the remaining 1/3 annually thereafter, with full vesting on 08/20/2027, subject to continued service.

Did Christa Davies buy or sell Coinbase (COIN) stock in this transaction?

No purchase or sale is reported; the filing documents vesting of previously granted RSUs rather than a market transaction.

What does the filing say about the shares held in the irrevocable trust?

The filing states the 17,000 Class A shares are held of record by an irrevocable trust and the reporting person disclaims beneficial ownership except to the extent of any pecuniary interest.