Coinbase (NASDAQ: COIN) COO logs 36,376 RSU vesting
Rhea-AI Filing Summary
Coinbase Global, Inc. (COIN) reported that President & COO Emilie Choi had several tranches of previously granted restricted stock units (RSUs) vest on August 20, 2026, converting into an aggregate of 36,376 shares of Class A common stock. In connection with this vesting, 18,037 shares of Class A common stock were relinquished and cancelled to cover federal and state tax withholding obligations at a price of $160.20 per share, with the transaction exempt under Section 16b-3(e). The filing also shows indirect holdings of Class A shares through Sixers LLC, the Starvurst Non-Exempt Trust, and the Starvurst Exempt Trust, for which Choi disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 18,339 shares
Net Buy
12 txns
Insider
Choi Emilie
Role
President & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F6, F1, F7, F8 | 11,738 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F6, F1, F9, F8 | 6,076 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F6, F1, F10, F8 | 10,143 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units F6, F1, F11, F8 | 8,419 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 11,738 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 6,076 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 10,143 | $0.00 | $0.00 |
| Exercise | Class A Common Stock F1 | 8,419 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock F2 | 18,037 | $160.20 | $2.89M |
| holding | Class A Common Stock F3 | -- | -- | -- |
| holding | Class A Common Stock F4 | -- | -- | -- |
| holding | Class A Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 208,554 shares (Direct);
Class A Common Stock — 568,122 shares (Direct);
Class A Common Stock — 57,610 shares (Indirect, By Sixers LLC);
Class A Common Stock — 23,199 shares (Indirect, By Starvurst Non-Exempt Trust);
Class A Common Stock — 49,643 shares (Indirect, By Starvurst Exempt Trust)
Footnotes (11)
- F1. Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
- 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.
- F3. These shares are held by Sixers LLC, of which the Coinbase Annuity Trust is the sole member. The Reporting Person's spouse is the trustee of the Coinbase Annuity Trust. The Reporting Person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein, if any.
- F4. These shares are held by the Starvurst Non-Exempt Trust, of which the Reporting Person's spouse is a co-trustee. The Reporting Person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein, if any.
- F5. These shares are held by the Starvurst Exempt Trust, of which the Reporting Person's spouse is a co-trustee. The Reporting Person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein, if any.
- F6. Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F7. 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.
- F8. RSUs do not expire; they either vest or are canceled prior to vesting date.
- F9. 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.
- F10. The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on May 20, 2026, until the award is fully vested on February 20, 2029, subject to the Reporting Person's continued service to the Issuer on each vesting date.
- F11. The RSUs vest in equal quarterly installments over two years, with the first 1/8 vesting on August 20, 2026, until the award is fully vested on May 20, 2028, subject to the Reporting Person's continued service to the Issuer on each vesting date.
Key Figures
RSUs converted to Class A Common Stock: 36,376 shares
Shares relinquished for tax withholding: 18,037 shares
Per-share value for tax withholding shares: $160.20 per share
+5 more
8 metrics
RSUs converted to Class A Common Stock
36,376 shares
Total derivative exercises (M code) on August 20, 2026
Shares relinquished for tax withholding
18,037 shares
Code F disposition to cover tax obligations from RSU vesting
Per-share value for tax withholding shares
$160.20 per share
Applied to 18,037 Class A shares used for tax withholding
Indirect holdings by Sixers LLC
57,610 shares
Class A Common Stock held indirectly as of August 20, 2026
Indirect holdings by Starvurst Non-Exempt Trust
23,199 shares
Class A Common Stock held indirectly as of August 20, 2026
Indirect holdings by Starvurst Exempt Trust
49,643 shares
Class A Common Stock held indirectly as of August 20, 2026
Total RSU exercises
4 transactions; 36,376 shares
Exercise or conversion of derivative securities (code M) reported
Exercise-price-or-tax-liability disposition
1 transaction; 18,037 shares
Code F payment of tax liability by delivering or withholding securities
Key Terms
Restricted Stock Units, Section 16b-3(e), pecuniary interest, Rule 16b-3, +1 more
5 terms
Restricted Stock Units financial
"Vesting of restricted stock units ("RSUs") previously granted"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Section 16b-3(e) regulatory
"Exempt transaction pursuant to Section 16b-3(e) - payment of"
pecuniary interest financial
"disclaims beneficial ownership of these shares except to the extent of her pecuniary interest"
Rule 16b-3 regulatory
"incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
tax withholding obligations financial
"pay federal and state tax withholding obligations of the Reporting Person"
FAQ
What did COIN President & COO Emilie Choi report in this Form 4?
She reported vesting of RSUs that converted into 36,376 shares of Coinbase Class A common stock on August 20, 2026, plus a related share relinquishment to cover tax withholding obligations.
Were Emilie Choi’s COIN transactions under a Rule 10b5-1 trading plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not marked, and the footnotes describe the transactions as RSU vesting and tax withholding, not as trades under a 10b5-1 trading plan.
What indirect Coinbase (COIN) holdings are disclosed for Emilie Choi?
Indirect holdings are reported as 57,610 shares by Sixers LLC, 23,199 shares by the Starvurst Non-Exempt Trust, and 49,643 shares by the Starvurst Exempt Trust. Choi disclaims beneficial ownership except to the extent of any pecuniary interest.
How do the RSUs for Emilie Choi at COIN vest over time?
Footnotes state that the RSUs vest in equal quarterly installments over two or three years, with specific grants fully vesting between November 20, 2026 and February 20, 2029, subject to Choi’s continued service on each vesting date.
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