Welcome to our dedicated page for Coinbase Global SEC filings (Ticker: COIN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Coinbase's SEC filings reveal how cryptocurrency market volatility translates into business performance. Unlike traditional financial services companies with predictable revenue patterns, Coinbase's 10-Q and 10-K reports show dramatic swings tied to Bitcoin prices and trading activity. Understanding these filings helps you anticipate how crypto market cycles affect the company's fundamentals.
The company's quarterly 10-Q filings break down transaction revenue by retail and institutional segments, showing which customer base drives growth during different market conditions. Monthly transacting user counts and trading volumes provide leading indicators of revenue trends. The filings also detail subscription and services revenue, including staking income and custodial fees that provide more stable recurring revenue regardless of trading activity.
Form 4 insider transaction reports track when Coinbase executives and directors buy or sell company stock. Given the volatile nature of both cryptocurrency markets and COIN shares, insider trading patterns can signal management confidence. Our AI highlights significant transactions and calculates net insider buying or selling trends automatically.
The annual 10-K report contains extensive risk disclosures specific to cryptocurrency businesses, covering regulatory uncertainty, cybersecurity threats, and market concentration risks. The business description sections explain Coinbase's custody arrangements, banking relationships, and technology infrastructure in detail not available elsewhere. Segment reporting shows how different product lines contribute to overall results.
8-K filings announce material events including major partnerships, regulatory developments, and significant business changes. For a company operating in a rapidly evolving regulatory environment, these real-time disclosures often contain market-moving information about government actions or strategic pivots.
Access Coinbase's complete SEC filing history with AI-powered summaries that explain complex cryptocurrency accounting and highlight key metrics without requiring you to parse hundreds of pages of technical documentation.
Coinbase Global, Inc. (COIN) CFO Alesia J. Haas reported RSU vesting and related share transactions. On 11/20/2025, 5,869 and 4,102 shares of Class A common stock were acquired at $0 per share upon vesting of previously granted restricted stock units. On the same date, 4,944 shares were surrendered at $257.29 per share to cover federal and state tax withholding tied to this vesting.
After these transactions, Haas directly beneficially owned 84,347 shares of Class A common stock, plus 1,742 shares indirectly through ACB 2021, LLC. She also held RSU awards covering 5,869 and 4,102 underlying shares, with the awards scheduled to vest quarterly through November 20, 2026 and February 20, 2028, subject to continued service.
Coinbase Global, Inc. (COIN) director Frederick Ernest Ehrsam III reported a set of insider transactions involving Class A and Class B common stock on 11/20/2025. The Frederick Ernest Ehrsam III Living Trust converted 2,750 shares of Class B Common Stock into 2,750 shares of Class A Common Stock at a stated price of $0, reflecting the one-for-one convertibility of the Class B shares.
On the same date, the trust sold 2,467 Class A shares at a weighted average price of $260.279 and a further 283 Class A shares at a weighted average price of $260.7964, covering the full 2,750 converted shares. Following these transactions, the trust held 11,881 Class A shares indirectly and 5,526,973 derivative securities linked to Class B Common Stock. The filing states that the transactions were executed under a Rule 10b5-1 trading plan adopted on August 7, 2025.
Coinbase Global, Inc. has approved a reincorporation by conversion from Delaware to Texas, already authorized on November 4, 2025 by written consent from stockholders holding approximately 78.40% of the voting power, largely Brian Armstrong- and Fred Ehrsam‑related entities. The Board created a special committee of independent directors, evaluated Delaware, Nevada and Texas law, and unanimously recommended Texas, citing its statute‑based corporate law, codified business judgment rule, perceived lower litigation risk, business‑friendly environment, and pro‑crypto policy stance.
The move will not change Coinbase’s business, management, capital structure, or Nasdaq listing, and each share of Class A and Class B stock will convert one‑for‑one into Texas corporation shares without requiring any stock certificate exchange. Class A holders have no appraisal rights, while certain Class B holders who follow Section 262 procedures may seek appraisal. The new Texas charter and bylaws introduce differences such as a 3% ownership threshold for derivative suits, a jury‑trial waiver for internal entity claims, and Texas‑based exclusive forum provisions.
Coinbase Global, Inc. (COIN) Chief Financial Officer Alesia J. Haas reported open-market sales of the company’s Class A common stock made on 11/17/2025 under a pre-arranged Rule 10b5-1 trading plan adopted on August 29, 2024.
She sold 3,250 shares at a weighted average price of $272.8098, 2,250 shares at $274.78, and 1,742 shares at $274.78. After these transactions, she directly held 81,570 Class A shares and indirectly held 1,742 Class A shares through ACB 2021, LLC, where she is the sole member and disclaims beneficial ownership beyond her economic interest.
Coinbase Global, Inc. (COIN)11/17/2025, he exercised an employee stock option to buy 40,000 shares of Class A common stock at an exercise price of $18.71 per share, then sold the same 40,000 shares in multiple market transactions at weighted average prices around $271–$276 per share.
After these transactions, Armstrong directly held 0 shares of Class A common stock and indirectly held 526 shares through The Brian Armstrong Living Trust. He continued to hold 2,713,924 employee stock options following the reported activity. The filing states that the trades were made under a Rule 10b5-1 trading plan adopted on August 15, 2025 during an open trading window.
Coinbase Global (COIN) director Frederick Ernest Ehrsam III reported a conversion and sale on 11/10/2025. The Frederick Ernest Ehrsam III Living Trust converted 55,688 shares of Class B Common Stock into Class A Common Stock at $0, then sold the 55,688 Class A shares in multiple transactions.
Sales were executed under a Rule 10b5-1 trading plan adopted on August 7, 2025, with weighted average prices across tranches ranging from $320.00 to $324.575. Following the reported transactions, the trust reported 0 Class A shares and 5,529,723 shares of Class B Common Stock beneficially owned.
Each share of Class B Common Stock is convertible into one share of Class A Common Stock and has no expiration date.
Coinbase Global (COIN) disclosed insider activity by its President & COO. On 11/11/2025, the reporting person exercised options and converted 100,000 shares of Class B into Class A, then executed multiple open‑market sales the same day under a Rule 10b5-1 plan adopted on August 12, 2025.
Weighted‑average sale prices were reported in tranches, including $304.0454, $305.1829, $306.3302, and up to $316.64, with detailed low/high ranges provided. Following the transactions, beneficial ownership stood at 187,802 Class A shares directly, plus indirect holdings of 57,610 (by Sixers LLC), 23,199 (Starvurst Non‑Exempt Trust), and 49,643 (Starvurst Exempt Trust).
Coinbase Global, Inc. approved a plan to reincorporate from Delaware to Texas by conversion, authorized by stockholders holding approximately 78.40% of the voting power via written consent on November 4, 2025. The change will take effect no earlier than 20 calendar days after the Information Statement is mailed.
Each outstanding share will convert one-for-one into Texas corporation shares (Class A to Class A; Class B to Class B). The company’s business, leadership, assets, liabilities, and Nasdaq listing under “COIN” remain unchanged. As of the October 31, 2025 record date, shares outstanding were 228,176,267 Class A and 41,481,347 Class B.
Class A holders have no appraisal rights. Certain Class B holders who meet Section 262 procedures may seek appraisal. The board cited Texas’s code‑based corporate law (including a codified business judgment rule and the ability to set a derivative suit ownership threshold up to 3%) and business-friendly environment. Coinbase also notes eliminating Delaware franchise tax (previously $250,000 for the most recent period), while Texas franchise tax is already paid based on margin.
Coinbase Global (COIN) director reported open‑market sales totaling 10,000 Class A shares on 11/06/2025, executed in multiple tranches under a Rule 10b5‑1 trading plan adopted on August 7, 2025. Reported weighted‑average sale prices ranged from $295.4307 to $312.1371, with detailed price ranges provided for each tranche.
Following these transactions, the reporting person directly holds 204,973 Class A shares. Indirect holdings disclosed include 2,416 shares via FJW Partners, LLC and 50,000 shares via the Fred and Joanne Wilson 2012 Delaware Trust, with beneficial ownership disclaimed except to any pecuniary interest.
Coinbase Global (COIN) director Frederick Ernest Ehrsam III reported insider transactions via The Frederick Ernest Ehrsam III Living Trust. On 11/06/2025 and 11/07/2025, the trust converted Class B Common Stock into Class A Common Stock and executed multiple open‑market sales.
The trust converted 277,074 shares on 11/06/2025 and 19,927 shares on 11/07/2025 at $0, consistent with the stated one‑for‑one conversion terms. Sales on 11/06/2025 occurred at weighted average prices within disclosed ranges of $306.50–$316.49, and on 11/07/2025 within $285.74–$291.76. Following the final reported sales on each date, the filing shows 0 Class A shares indirectly held by the trust.
The transactions were effected under a Rule 10b5‑1 trading plan adopted on August 7, 2025 during an open trading window.
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