Coinbase (NASDAQ: COIN) director Ehrsam sells shares via 10b5-1 plan

Rhea-AI Filing Summary

Coinbase Global, Inc. director Frederick Ernest Ehrsam III, through The Frederick Ernest Ehrsam III Living Trust, reported preset conversions and sales of Coinbase shares. On January 14, 2026, the trust converted 2,750 shares of Class B Common Stock into 2,750 shares of Class A Common Stock at $0 per share and then sold 2,750 Class A shares at a weighted average price of $260.0925. On January 15, 2026, the trust converted a further 1,375 Class B shares into 1,375 Class A shares at $0 and sold 1,375 Class A shares at a weighted average price of $250.2679. The filing states these transactions were made under a Rule 10b5-1 trading plan adopted on August 7, 2025. After these moves, the trust reports indirect beneficial ownership of 5,511,848 shares of Class B Common Stock, and a separate entity, FE Management LP, holds 11,881 shares of Class A Common Stock, with Ehrsam as a beneficiary.

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

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)
01/14/2026

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	01/14/2026		C(1)(2)		2,750	A	$0(3)	2,750	I	By The Frederick Ernest Ehrsam III Living Trust
Class A Common Stock	01/14/2026		S(2)		2,750	D	$260.0925(4)	0	I	By The Frederick Ernest Ehrsam III Living Trust
Class A Common Stock	01/15/2026		C(1)(2)		1,375	A	$0(3)	1,375	I	By The Frederick Ernest Ehrsam III Living Trust
Class A Common Stock	01/15/2026		S(2)		1,375	D	$250.2679(5)	0	I	By The Frederick Ernest Ehrsam III Living Trust
Class A Common Stock								11,881(6)	I	By FE Management LP(7)

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
Class B Common Stock	(3)	01/14/2026		C(1)(2)			2,750	(3)	(3)	Class A Common Stock	2,750	$0	5,513,223	I	By The Frederick Ernest Ehrsam III Living Trust
Class B Common Stock	(3)	01/15/2026		C(1)(2)			1,375	(3)	(3)	Class A Common Stock	1,375	$0	5,511,848	I	By The Frederick Ernest Ehrsam III Living Trust

Explanation of Responses:

1. Represents the conversion of Class B Common Stock held of record by The Frederick Ernest Ehrsam III Living Trust into Class A Common Stock.

2. The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 7, 2025, during an open trading window.

3. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.

4. Represents the weighted average sale price. The lowest price at which shares were sold was $260.00 and the highest price at which shares were sold was $260.24. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the range set forth in footnotes (4) and (5) to this Form 4.

5. Represents the weighted average sale price. The lowest price at which shares were sold was $250.00 and the highest price at which shares were sold was $250.6550.

6. Reflects the transfer on November 28, 2025, of 11,881 shares of Class A Common Stock from the Reporting Person to FE Management LP.

7. These securities are held by FE Management LP, of which the Reporting Person is a beneficiary.

Remarks:

	/s/ Frederick Ernest Ehrsam III, by Lailey Rezai, Attorney-in-Fact	01/16/2026
	** 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 does Coinbase (COIN) insider Frederick Ehrsam report in this Form 4?

The Form 4 reports that director Frederick Ernest Ehrsam III, through The Frederick Ernest Ehrsam III Living Trust, converted Class B Common Stock into Class A Common Stock and sold the resulting Class A shares in two transactions on January 14 and 15, 2026, under a Rule 10b5-1 trading plan.

How many Coinbase (COIN) shares did Ehrsam’s trust sell, and at what prices?

On January 14, 2026, the trust sold 2,750 Class A shares at a weighted average price of $260.0925. On January 15, 2026, it sold 1,375 Class A shares at a weighted average price of $250.2679, as disclosed in the Form 4 footnotes.

What conversions between Class B and Class A Coinbase (COIN) shares were reported?

The filing shows the trust converted 2,750 Class B Common Stock into 2,750 Class A Common Stock on January 14, 2026 and 1,375 Class B shares into 1,375 Class A shares on January 15, 2026, at an exercise price of $0 per share. Each Class B share is convertible into one Class A share with no expiration date.

Were the Coinbase (COIN) insider transactions made under a Rule 10b5-1 plan?

Yes. A footnote explains that the transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 7, 2025 during an open trading window.

How many Coinbase (COIN) shares does Ehrsam’s trust report owning after these trades?

Following the reported transactions, The Frederick Ernest Ehrsam III Living Trust reports indirect beneficial ownership of 5,511,848 shares of Class B Common Stock. In addition, 11,881 shares of Class A Common Stock are held by FE Management LP, of which Ehrsam is a beneficiary.

What is FE Management LP’s role in Frederick Ehrsam’s Coinbase (COIN) holdings?

A footnote states that 11,881 shares of Class A Common Stock were transferred on November 28, 2025 from the reporting person to FE Management LP, and that these securities are held by FE Management LP, of which the reporting person is a beneficiary.

What do the weighted average sale prices in the Coinbase (COIN) Form 4 represent?

The weighted average prices of $260.0925 and $250.2679 represent the average sale prices for the reported Class A share sales. Footnotes note that actual sale prices ranged from $260.00 to $260.24 and from $250.00 to $250.6550, and detailed breakdowns are available upon request.