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

Rhea-AI Filing Summary

Alesia J. Haas, Chief Financial Officer of Coinbase Global, Inc. (COIN), reported sales of Class A common stock under a pre-existing Rule 10b5-1 trading plan. The Form 4 shows three sales executed on 08/15/2025 totaling 6,401 shares: 660 shares sold at a weighted average price of $319.8038 (range $319.70–$319.94), 4,000 shares sold at $322.88, and 1,741 shares sold at $322.88. After these transactions, the reporting person (direct holdings) is shown as 88,869 or 92,869 shares on different lines, and an indirect holding of 6,968 shares is held of record by ACB 2021, LLC, of which she is sole member. The filer disclaims beneficial ownership of the LLC-held shares except for any pecuniary interest.

Positive

• Trades executed under a Rule 10b5-1 plan, indicating prearranged transactions and reducing concerns about opportunistic insider timing
• Detailed price disclosure including weighted average and price range for the first tranche improves transparency
• Clear disclosure of indirect holdings via ACB 2021, LLC and a formal disclaimer limits ambiguity about beneficial ownership

Negative

• Insider sold 6,401 shares on 08/15/2025 (660 at weighted average $319.8038; 4,000 and 1,741 at $322.88), which investors may view as insider liquidity
• Form does not provide total pre-transaction holdings context (e.g., percentage of outstanding shares), limiting assessment of materiality

Insights

Financial Analyst

TL;DR: Routine insider sales under a 10b5-1 plan; disclosed quantities and prices limit informational surprise.

The reported sales totaling 6,401 shares executed on 08/15/2025 were effected pursuant to a Rule 10b5-1 plan adopted August 29, 2024, indicating preplanned dispositions rather than opportunistic trades. The Form 4 provides specific per-share prices and a weighted average for one tranche, which improves transparency. Absent context on total executive holdings relative to company market cap, these sales appear administratively routine and carry limited immediate informational content for valuation models.

Corporate Governance Expert

TL;DR: Proper use of a 10b5-1 plan and explicit disclaimer for LLC holdings align with disclosure best practices.

The filing specifies the 10b5-1 plan and discloses that 6,968 shares are held of record by an LLC for which the reporting person is sole member, with a formal disclaimer of beneficial ownership except for pecuniary interest. Signature by attorney-in-fact is included. These elements reflect adherence to Section 16 reporting protocols and standard governance disclosures; no unexplained amendments or omissions are present in the document provided.

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^*

HAAS ALESIA J

(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 Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

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	08/15/2025		S(1)		660	D	$319.8038(2)	92,869	D
Class A Common Stock	08/15/2025		S(1)		4,000	D	$322.88	88,869	D
Class A Common Stock	08/15/2025		S(1)		1,741	D	$322.88	6,968	I	By ACB 2021, LLC(3)

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

Explanation of Responses:

1. The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 29, 2024, during an open trading window.

2. Represents the weighted average sale price. The lowest price at which shares were sold was $319.70 and the highest price at which shares were sold was $319.94. 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 this footnote to this Form 4.

3. These shares are held of record by ACB 2021, LLC, of which the Reporting Person is the sole member. The Reporting Person disclaims beneficial ownership of the shares owned by ACB 2021, LLC, except to the extent of her pecuniary interest therein, if any.

Remarks:

	/s/ Alesia J. Haas, by Lailey Rezai, Attorney-in-Fact	08/19/2025
	** 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).
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