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

Rhea-AI Filing Summary

Jennifer N. Jones, Chief Accounting Officer of Coinbase Global, Inc. (COIN), reported multiple equity transactions on 08/20/2025. Several restricted stock units (RSUs) vested, resulting in issuance of Class A common stock in multiple tranches (628, 1,256, 1,320 and 1,216 shares). The filing shows 2,664 shares were surrendered and canceled in an exempt transaction for payment of federal, state and provincial tax withholding at an indicated price of $302.07 per share. Additionally, 869 shares were sold at $304.74 under a Rule 10b5-1 trading plan adopted February 29, 2024, and employee stock options with a $74.63 exercise price were recorded.

Positive

• RSU vesting was executed with clear schedules disclosed (multiple tranches totaling vested shares reported).
• Use of a Rule 10b5-1 trading plan (adopted 02/29/2024) demonstrates pre-established compliance for open-market sales.
• Tax withholding handled via exempt transaction under Section 16b-3(e), with shares relinquished and canceled as described.

Negative

• Sale of 869 shares at $304.74 reduced beneficial holdings, although size appears limited in absolute terms.
• 2,664 shares canceled for tax withholding at $302.07 reduced reported post-transaction ownership.

Insights

Securities Analyst

TL;DR: Executive received vested RSUs, relinquished shares for tax withholding, and executed a planned sale under a 10b5-1 program; transactions appear routine.

The Form 4 discloses customary equity compensation activity for an officer: multiple RSU vesting events converted to Class A shares and a tax-withholding disposition where 2,664 shares were exchanged and canceled for tax obligations at $302.07 per share. A planned sale of 869 shares at $304.74 was effected under a Rule 10b5-1 plan adopted 02/29/2024. Employee stock options with a $74.63 strike are noted with vesting schedules. These are standard executive equity-management actions and show no unusual open-market accumulation or large-scale divestiture relative to the role disclosed.

Corporate Governance Expert

TL;DR: Transactions reflect routine vesting, tax withholding mechanics, and compliance with planned trading procedures.

The filing documents RSU settlements and option activity governed by stated vesting schedules and Rule 16b-3(e) exempt treatment for share cancellation to meet tax withholding. The explicit use of a Rule 10b5-1 trading plan (adopted 02/29/2024) for the 869-share sale indicates pre-established compliance. Dates, share counts, and prices are clearly reported, supporting transparency in insider 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).

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^*

Jones Jennifer N.

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Accounting Officer

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)		628	A	$0	628	D
Class A Common Stock	08/20/2025		M(1)		1,256	A	$0	1,884	D
Class A Common Stock	08/20/2025		M(1)		1,320	A	$0	3,204	D
Class A Common Stock	08/20/2025		M(1)		1,216	A	$0	4,420	D
Class A Common Stock	08/20/2025		F(2)		2,664	D	$302.07	1,756	D
Class A Common Stock	08/20/2025		M(3)		580	A	$74.63	2,336	D
Class A Common Stock	08/20/2025		M(3)		289	A	$74.63	2,625	D
Class A Common Stock	08/20/2025		S(3)		869	D	$304.74	1,756	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	$0(4)	08/20/2025		M(1)			628	(5)	(6)	Class A Common Stock	628	$0	628	D
Restricted Stock Units	$0(4)	08/20/2025		M(1)			1,256	(7)	(6)	Class A Common Stock	1,256	$0	1,256	D
Restricted Stock Units	$0(4)	08/20/2025		M(1)			1,320	(8)	(6)	Class A Common Stock	1,320	$0	6,603	D
Restricted Stock Units	$0(4)	08/20/2025		M(1)			1,216	(9)	(6)	Class A Common Stock	1,216	$0	12,150	D
Employee Stock Option (right to buy)	$74.63	08/20/2025		M(3)			580	(10)	02/05/2033	Class A Common Stock	580	$0	1,918	D
Employee Stock Option (right to buy)	$74.63	08/20/2025		M(3)			289	(11)	02/05/2033	Class A Common Stock	289	$0	290	D

Explanation of Responses:

1. Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.

2. 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, state and provincial tax withholding obligations of the Reporting Person resulting from the vesting of RSUs.

3. This transaction reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 29, 2024, during an open trading window.

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

5. The RSUs vest in equal quarterly installments, with the first 1/11 vesting on May 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.

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

7. 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.

8. 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.

9. 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.

10. The options 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. The option contains an early-exercise provision and is exercisable as to unvested shares, subject to the Issuer's right of repurchase.

11. The options vest in equal quarterly installments, with the first 1/11 vesting on May 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. The option contains an early-exercise provision and is exercisable as to unvested shares, subject to the Issuer's right of repurchase.

Remarks:

	/s/ Jennifer N. Jones, 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 transactions did COIN insider Jennifer N. Jones report on Form 4?

The filing reports RSU vesting in multiple tranches (628, 1,256, 1,320, 1,216 shares), a tax-withholding share cancellation of 2,664 shares at $302.07 per share, and a sale of 869 shares at $304.74 on 08/20/2025.

Was the sale conducted under a prearranged trading plan for COIN insider activity?

Yes. The sale of 869 shares was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on 02/29/2024.

Did the reporting person exercise options or record option activity?

The Form 4 reports employee stock options with an exercise price of $74.63 and vesting schedules; specific option quantities include 580 and 289 units recorded on 08/20/2025.

How were tax withholding obligations satisfied according to the filing?

The filing states an exempt transaction pursuant to Section 16b-3(e) where 2,664 shares were relinquished and canceled in exchange for the issuer paying federal, state and provincial tax withholding obligations.

What is the reporting person's role at Coinbase (COIN)?

The reporting person is identified as Jennifer N. Jones, Chief Accounting Officer of Coinbase Global, Inc.