Surojit Chatterjee - 04 Jan 2022 Form 4 Insider Report for Coinbase Global, Inc. (COIN)

Role: Chief Product Officer
Signature: /s/ Surojit Chatterjee, by Jolie Yang, Attorney-in-Fact
Issuer symbol: COIN
Transactions as of: 04 Jan 2022
Net transactions value: -$2,347,000
Form type: 4
Filing time: 06 Jan 2022, 18:10:16 UTC
Previous filing: 06 Dec 2021
Next filing: 11 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	COIN	Class A Common Stock	Options Exercise	$187,100	+10,000	+11905%	$18.71^*	10,084	04 Jan 2022	Direct	F1
transaction	COIN	Class A Common Stock	Sale	$2,534,100	-10,000	-99%	$253.41	84	04 Jan 2022	Direct	F1
holding	COIN	Class A Common Stock						5,344	04 Jan 2022	By The Chatterjee Family Revocable Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	COIN	Employee Stock Option (right to buy)	Options Exercise	$0	-10,000	-0.59%	$0.000000	1,676,692	04 Jan 2022	Class A Common Stock	10,000	$18.71	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 1, 2021, during an open trading window.
F2	The total number of shares subject to the option is 2,002,036, of which 5,344 options have been exercised. The option vested with respect to 1/4th of the total shares underlying the option on February 3, 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 February 3, 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.

Content

The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 1, 2021, during an open trading window.

The total number of shares subject to the option is 2,002,036, of which 5,344 options have been exercised. The option vested with respect to 1/4th of the total shares underlying the option on February 3, 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 February 3, 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.