AG˹ٷ

STOCK TITAN

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

Filing Impact
(High)
Filing Sentiment
(Very Negative)
Form Type
4
Rhea-AI Filing Summary

Paul Grewal, Chief Legal Officer of Coinbase Global, Inc. (COIN), reported transactions dated 08/25/2025 executed under a Rule 10b5-1 trading plan. On that date he exercised an employee stock option to acquire 10,000 shares of Class A common stock at an exercise price of $26.26. The option is exercisable in part and fully vested by August 31, 2024 per the footnotes and contains an early-exercise provision.

Also on 08/25/2025 the reporting person sold multiple blocks totaling 15,439 shares of Class A common stock in several transactions at weighted-average sale prices reported in footnotes, with sale-price ranges from $306.45 up to $315.04. Following the reported transactions, the filing shows 161,722 shares of Class A common stock beneficially owned (direct).

Paul Grewal, Chief Legal Officer di Coinbase Global, Inc. (COIN), ha segnalato operazioni datate 25/08/2025 eseguite nell’ambito di un piano di trading ai sensi della Rule 10b5-1. In tale data ha esercitato un’opzione azionaria dipendenti per acquisire 10.000 azioni di categoria A al prezzo di esercizio di $26,26. L’opzione è esercitabile anche parzialmente ed era interamente maturata al 31 agosto 2024, secondo le note, e include una clausola di early exercise.

Sempre il 25/08/2025 il soggetto segnalante ha venduto più blocchi per un totale di 15.439 azioni di classe A in diverse transazioni a prezzi medi ponderati riportati nelle note, con fasce di prezzo di vendita da $306,45 fino a $315,04. Dopo le operazioni riportate, il deposito indica la detenzione beneficiaria diretta di 161.722 azioni di classe A.

Paul Grewal, Director Jurídico (Chief Legal Officer) de Coinbase Global, Inc. (COIN), informó transacciones con fecha 25/08/2025 ejecutadas bajo un plan de negociación conforme a la Rule 10b5-1. Ese día ejerció una opción sobre acciones para empleados y adquirió 10.000 acciones Clase A a un precio de ejercicio de $26,26. La opción puede ejercerse parcialmente y estaba totalmente adquirida al 31 de agosto de 2024 según las notas, y contiene una cláusula de ejercicio anticipado.

También el 25/08/2025 la persona informante vendió varios bloques por un total de 15.439 acciones Clase A en varias transacciones a precios medios ponderados que se indican en las notas, con rangos de precio de venta desde $306,45 hasta $315,04. Tras las transacciones informadas, el informe muestra la propiedad beneficiaria directa de 161.722 acciones Clase A.

Coinbase Global, Inc.(COIN)� 최고법률책임�(Chief Legal Officer)� Paul Grewal은 Rule 10b5-1 거래 계획� 따라 2025� 8� 25일자� 실행� 거래� 신고했습니다. 해당 일자� 그는 종업� 스톡옵션� 행사하여 행사가� $26.26� 클래� A 보통� 10,000주를 취득했습니다. 해당 옵션은 부분적으로 행사 가능하� 각주� 따르� 2024� 8� 31일에 완전� 베스�(권리 확정)되었� 조기행사 조항� 포함합니�.

또한 2025� 8� 25� 같은 신고자는 여러 거래에서 합계 15,439주의 클래� A 보통주를 매도했으�, 가중평� 매도가격은 각주� 보고되어 있고 매도가� 범위� $306.45에서 $315.04까지입니�. 신고� 거래 이후 해당 제출서류에는 직접적으� 효익� 가지� 클래� A 보통� 161,722주가 기재되어 있습니다.

Paul Grewal, Chief Legal Officer de Coinbase Global, Inc. (COIN), a déclaré des transactions datées du 25/08/2025 exécutées dans le cadre d’un plan de trading conforme à la Rule 10b5-1. Ce jour-là, il a exercé une option d’actionnaire employé pour acquérir 10 000 actions de classe A au prix d’exercice de 26,26 $. L’option est exerçable en partie et était entièrement acquise (fully vested) au 31 août 2024 selon les notes, et elle comporte une clause d’exercice anticipé.

Également le 25/08/2025, la personne déclarante a vendu plusieurs blocs pour un total de 15 439 actions de classe A lors de plusieurs transactions à des prix de vente moyens pondérés indiqués en notes, avec des fourchettes de prix allant de 306,45 $ à 315,04 $. À la suite des transactions déclarées, le dépôt indique une détention bénéficiaire directe de 161 722 actions de classe A.

Paul Grewal, Chief Legal Officer von Coinbase Global, Inc. (COIN), meldete Transaktionen vom 25.08.2025, die im Rahmen eines Rule�10b5�1‑Handelsplans ausgeführt wurden. An diesem Tag übte er eine Mitarbeiteraktienoption aus und erwarb 10.000 Aktien der Klasse A zu einem Ausübungspreis von $26,26. Die Option ist teilweise ausübbar und laut Fußnoten zum 31. August 2024 vollständig unverfallbar (fully vested) und enthält eine Regelung zur vorzeitigen Ausübung.

Ebenfalls am 25.08.2025 verkaufte die meldepflichtige Person in mehreren Transaktionen insgesamt 15.439 Aktien der Klasse A zu in den Fußnoten angegebenen gewichteten Durchschnittspreisen; die Verkaufspreisspanne lag zwischen $306,45 und $315,04. Nach den gemeldeten Transaktionen weist die Einreichung einen unmittelbaren wirtschaftlichen Besitz von 161.722 Aktien der Klasse A aus.

Positive
  • Trades executed pursuant to a Rule 10b5-1 plan, indicating pre-planned and compliant insider sales
  • Detailed disclosure of weighted-average sale prices and price ranges in footnotes enhances transparency
  • Exercise of employee option at $26.26 demonstrates utilization of long-term compensation
Negative
  • Insider sold 15,439 shares on 08/25/2025, representing a meaningful disposition of shares held
  • Sales executed at high market prices ($306.45�$315.04) could reduce perceived insider ownership concentration

Insights

TL;DR: Insider exercised option and sold shares under a 10b5-1 plan; disclosure is routine and provides liquidity, not new company information.

The Form 4 shows an option exercise of 10,000 shares at $26.26 and subsequent sales of 15,439 shares executed under a Rule 10b5-1 trading plan adopted August 28, 2024. The sales occurred across multiple price steps with weighted averages reported in footnotes and do not disclose any nonpublic operational developments. From a market-impact perspective, these are insider liquidity actions rather than signaling of corporate events; the filing increases transparency about insider holdings and disposition but contains no earnings or strategic information.

TL;DR: Proper use of a 10b5-1 plan and clear footnoted price ranges indicate compliance-focused insider activity.

The reporting indicates the trades were effected pursuant to a pre-established Rule 10b5-1 plan, which provides an affirmative defense against insider trading claims when properly adopted. The filing includes detailed footnotes disclosing weighted-average prices and price ranges for each block sold, and the signature by an attorney-in-fact is present. These elements reflect governance discipline and timely SEC disclosure, reducing regulatory risk associated with insider trades.

Paul Grewal, Chief Legal Officer di Coinbase Global, Inc. (COIN), ha segnalato operazioni datate 25/08/2025 eseguite nell’ambito di un piano di trading ai sensi della Rule 10b5-1. In tale data ha esercitato un’opzione azionaria dipendenti per acquisire 10.000 azioni di categoria A al prezzo di esercizio di $26,26. L’opzione è esercitabile anche parzialmente ed era interamente maturata al 31 agosto 2024, secondo le note, e include una clausola di early exercise.

Sempre il 25/08/2025 il soggetto segnalante ha venduto più blocchi per un totale di 15.439 azioni di classe A in diverse transazioni a prezzi medi ponderati riportati nelle note, con fasce di prezzo di vendita da $306,45 fino a $315,04. Dopo le operazioni riportate, il deposito indica la detenzione beneficiaria diretta di 161.722 azioni di classe A.

Paul Grewal, Director Jurídico (Chief Legal Officer) de Coinbase Global, Inc. (COIN), informó transacciones con fecha 25/08/2025 ejecutadas bajo un plan de negociación conforme a la Rule 10b5-1. Ese día ejerció una opción sobre acciones para empleados y adquirió 10.000 acciones Clase A a un precio de ejercicio de $26,26. La opción puede ejercerse parcialmente y estaba totalmente adquirida al 31 de agosto de 2024 según las notas, y contiene una cláusula de ejercicio anticipado.

También el 25/08/2025 la persona informante vendió varios bloques por un total de 15.439 acciones Clase A en varias transacciones a precios medios ponderados que se indican en las notas, con rangos de precio de venta desde $306,45 hasta $315,04. Tras las transacciones informadas, el informe muestra la propiedad beneficiaria directa de 161.722 acciones Clase A.

Coinbase Global, Inc.(COIN)� 최고법률책임�(Chief Legal Officer)� Paul Grewal은 Rule 10b5-1 거래 계획� 따라 2025� 8� 25일자� 실행� 거래� 신고했습니다. 해당 일자� 그는 종업� 스톡옵션� 행사하여 행사가� $26.26� 클래� A 보통� 10,000주를 취득했습니다. 해당 옵션은 부분적으로 행사 가능하� 각주� 따르� 2024� 8� 31일에 완전� 베스�(권리 확정)되었� 조기행사 조항� 포함합니�.

또한 2025� 8� 25� 같은 신고자는 여러 거래에서 합계 15,439주의 클래� A 보통주를 매도했으�, 가중평� 매도가격은 각주� 보고되어 있고 매도가� 범위� $306.45에서 $315.04까지입니�. 신고� 거래 이후 해당 제출서류에는 직접적으� 효익� 가지� 클래� A 보통� 161,722주가 기재되어 있습니다.

Paul Grewal, Chief Legal Officer de Coinbase Global, Inc. (COIN), a déclaré des transactions datées du 25/08/2025 exécutées dans le cadre d’un plan de trading conforme à la Rule 10b5-1. Ce jour-là, il a exercé une option d’actionnaire employé pour acquérir 10 000 actions de classe A au prix d’exercice de 26,26 $. L’option est exerçable en partie et était entièrement acquise (fully vested) au 31 août 2024 selon les notes, et elle comporte une clause d’exercice anticipé.

Également le 25/08/2025, la personne déclarante a vendu plusieurs blocs pour un total de 15 439 actions de classe A lors de plusieurs transactions à des prix de vente moyens pondérés indiqués en notes, avec des fourchettes de prix allant de 306,45 $ à 315,04 $. À la suite des transactions déclarées, le dépôt indique une détention bénéficiaire directe de 161 722 actions de classe A.

Paul Grewal, Chief Legal Officer von Coinbase Global, Inc. (COIN), meldete Transaktionen vom 25.08.2025, die im Rahmen eines Rule�10b5�1‑Handelsplans ausgeführt wurden. An diesem Tag übte er eine Mitarbeiteraktienoption aus und erwarb 10.000 Aktien der Klasse A zu einem Ausübungspreis von $26,26. Die Option ist teilweise ausübbar und laut Fußnoten zum 31. August 2024 vollständig unverfallbar (fully vested) und enthält eine Regelung zur vorzeitigen Ausübung.

Ebenfalls am 25.08.2025 verkaufte die meldepflichtige Person in mehreren Transaktionen insgesamt 15.439 Aktien der Klasse A zu in den Fußnoten angegebenen gewichteten Durchschnittspreisen; die Verkaufspreisspanne lag zwischen $306,45 und $315,04. Nach den gemeldeten Transaktionen weist die Einreichung einen unmittelbaren wirtschaftlichen Besitz von 161.722 Aktien der Klasse A aus.

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*
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)
08/25/2025
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 08/25/2025 M(1) 10,000 A $26.26 97,767 D
Class A Common Stock 08/25/2025 S(1) 571 D $306.8771(2) 97,196 D
Class A Common Stock 08/25/2025 S(1) 2,069 D $307.9333(3) 95,127 D
Class A Common Stock 08/25/2025 S(1) 3,139 D $309.2888(4) 91,988 D
Class A Common Stock 08/25/2025 S(1) 2,368 D $310.1332(5) 89,620 D
Class A Common Stock 08/25/2025 S(1) 1,732 D $311.0644(6) 87,888 D
Class A Common Stock 08/25/2025 S(1) 2,157 D $312.1879(7) 85,731 D
Class A Common Stock 08/25/2025 S(1) 1,015 D $312.9879(8) 84,716 D
Class A Common Stock 08/25/2025 S(1) 2,012 D $314.4264(9) 82,704 D
Class A Common Stock 08/25/2025 S(1) 376 D $314.8969(10) 82,328 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
Employee Stock Option (right to buy) $26.26 08/25/2025 M(1) 10,000 (11) 09/20/2030 Class A Common Stock 10,000 $0 161,722 D
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 28, 2024, during an open trading window.
2. Represents the weighted average sale price. The lowest price at which shares were sold was $306.45 and the highest price at which shares were sold was $307.01. 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 ranges set forth in footnotes (2) through (10) to this Form 4.
3. Represents the weighted average sale price. The lowest price at which shares were sold was $307.50 and the highest price at which shares were sold was $308.40.
4. Represents the weighted average sale price. The lowest price at which shares were sold was $308.70 and the highest price at which shares were sold was $309.68.
5. Represents the weighted average sale price. The lowest price at which shares were sold was $309.70 and the highest price at which shares were sold was $310.69.
6. Represents the weighted average sale price. The lowest price at which shares were sold was $310.71 and the highest price at which shares were sold was $311.695.
7. Represents the weighted average sale price. The lowest price at which shares were sold was $311.72 and the highest price at which shares were sold was $312.70.
8. Represents the weighted average sale price. The lowest price at which shares were sold was $312.73 and the highest price at which shares were sold was $313.58.
9. Represents the weighted average sale price. The lowest price at which shares were sold was $313.84 and the highest price at which shares were sold was $314.795.
10. Represents the weighted average sale price. The lowest price at which shares were sold was $314.84 and the highest price at which shares were sold was $315.04.
11. 1/4 of the total shares underlying the option vested on August 31, 2021 and the remaining 3/4th of the shares underlying the option will vest in equal monthly installments thereafter until the option is fully vested on August 31, 2024, subject to the Reporting Person's continued service to the Issuer on each vesting date. The option contains an early-exercise provision and is exercisable as to unvested shares, subject to the Issuer's right of repurchase.
/s/ Paul Grewal, by Lailey Rezai, Attorney-in-Fact 08/27/2025
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transactions did Paul Grewal report on the Form 4 for COIN?

The Form 4 reports an exercise of an employee stock option for 10,000 shares at $26.26 and sales totaling 15,439 shares on 08/25/2025.

Were the sales executed under a trading plan for COIN insider activity?

Yes. The filing states the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted August 28, 2024.

What price ranges were reported for the COIN sales?

Footnotes report weighted-average sale prices with lowest sale prices as low as $306.45 and highest prices up to $315.04 across the blocks sold.

How many COIN shares does the reporting person beneficially own after these transactions?

The Form 4 shows 161,722 shares of Class A common stock beneficially owned (direct) following the reported transactions.

Does the Form 4 show whether the option was fully vested?

Footnote language states the option vested 1/4 on August 31, 2021 and the remaining 3/4 vested in equal monthly installments until fully vested August 31, 2024; the option contains an early-exercise provision.
Coinbase Global, Inc.

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