Coinbase CLO Grewal logs RSU vesting, tax shares

Coinbase Global’s Chief Legal Officer Paul Grewal reported multiple equity award transactions on February 20, 2026.

Rhea-AI Filing Summary

Coinbase Global’s Chief Legal Officer Paul Grewal reported multiple equity award transactions on February 20, 2026. Several tranches of restricted stock units converted into equivalent shares of Coinbase Class A common stock at a stated price of $0.00 per share, reflecting routine vesting of prior grants.

In connection with this vesting, 5,225 shares of Class A common stock were disposed of at $165.94 per share through a tax-withholding transaction, where shares were relinquished to cover federal and state tax obligations. After these transactions, Grewal directly held 80,088 shares of Coinbase Class A common stock.

Insider Trade Summary

10,478 shares exercised/converted

Exercise 7 txns

Insider Grewal Paul

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	4,402	$0.00	$0.00
Exercise	Restricted Stock Units	3,038	$0.00	$0.00
Exercise	Restricted Stock Units	3,038	$0.00	$0.00
Exercise	Class A Common Stock	4,402	$0.00	$0.00
Exercise	Class A Common Stock	3,038	$0.00	$0.00
Exercise	Class A Common Stock	3,038	$0.00	$0.00
Exercise Price or Tax Liability	Class A Common Stock	5,225	$165.94	$867K

Holdings After Transaction: Restricted Stock Units — 70,925 contracts (Direct); Class A Common Stock — 80,088 shares (Direct)

Footnotes (7)

1. F1. Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
2. F2. 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.
3. F3. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
4. F4. 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.
5. F5. RSUs do not expire; they either vest or are canceled prior to vesting date.
6. F6. 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.
7. F7. The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on February 20, 2026, until the award is fully vested on November 20, 2028, subject to the Reporting Person's continued service to the Issuer on each vesting date.

FAQ

What insider activity did Coinbase (COIN) report for Paul Grewal?

Coinbase reported that Chief Legal Officer Paul Grewal had multiple restricted stock unit awards vest into Class A common stock on February 20, 2026. Related shares were also relinquished to satisfy tax-withholding obligations, all as part of his existing equity compensation arrangements.

How many Coinbase (COIN) shares did Paul Grewal dispose of for taxes?

Paul Grewal disposed of 5,225 shares of Coinbase Class A common stock at $165.94 per share. These shares were surrendered back to Coinbase to cover federal and state tax withholding obligations triggered by the vesting of his restricted stock units.

Did Paul Grewal acquire Coinbase (COIN) shares through RSU vesting?

Yes. Several restricted stock unit tranches vested and converted into Coinbase Class A common stock at a stated price of $0.00 per share. Each restricted stock unit represented a contingent right to receive one share of Coinbase’s Class A common stock upon vesting.

What is Paul Grewal’s Coinbase (COIN) share ownership after these transactions?

Following the reported transactions, Paul Grewal directly owned 80,088 shares of Coinbase Class A common stock. This figure reflects the net result after RSU vesting and the share disposition used to cover associated tax-withholding obligations on February 20, 2026.

Are Paul Grewal’s Coinbase (COIN) transactions open-market buys or sells?

The transactions reflect RSU vesting and tax-withholding, not open-market trading. Shares were acquired through derivative exercises of restricted stock units and some were relinquished back to Coinbase to pay tax liabilities, classified as exempt under Section 16b-3(e).

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/24/2026 - 04:55 PM Learn about SEC filing dates

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^*

Grewal Paul

(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 Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

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	02/20/2026		M(1)		4,402	A	$0	79,237	D
Class A Common Stock	02/20/2026		M(1)		3,038	A	$0	82,275	D
Class A Common Stock	02/20/2026		M(1)		3,038	A	$0	85,313	D
Class A Common Stock	02/20/2026		F(2)		5,225	D	$165.94	80,088	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(3)	02/20/2026		M(1)			4,402	(4)	(5)	Class A Common Stock	4,402	$0	13,205	D
Restricted Stock Units	$0(3)	02/20/2026		M(1)			3,038	(6)	(5)	Class A Common Stock	3,038	$0	24,303	D
Restricted Stock Units	$0(3)	02/20/2026		M(1)			3,038	(7)	(5)	Class A Common Stock	3,038	$0	33,417	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 and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs.

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

4. 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.

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

6. 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.

7. The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on February 20, 2026, until the award is fully vested on November 20, 2028, subject to the Reporting Person's continued service to the Issuer on each vesting date.

Remarks:

	/s/ Paul Grewal, by Lailey Rezai, Attorney-in-Fact	02/24/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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