Coinbase (COIN) CLO reports RSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,478 shares exercised/converted
Mixed
7 txns
Insider
Grewal Paul
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,402 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,038 | $0.00 | -- |
| Exercise | Restricted Stock Units | 3,038 | $0.00 | -- |
| Exercise | Class A Common Stock | 4,402 | $0.00 | -- |
| Exercise | Class A Common Stock | 3,038 | $0.00 | -- |
| Exercise | Class A Common Stock | 3,038 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 5,225 | $165.94 | $867K |
Holdings After Transaction:
Restricted Stock Units — 13,205 shares (Direct);
Class A Common Stock — 79,237 shares (Direct)
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 restricted stock unit 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, 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. 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 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. 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.
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).