=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-08-20
10b5-1 Pre-arranged Plan: No
--- Issuer ---
Name: Coinbase Global, Inc. (COIN)
CIK: 0001679788
--- Reporting Owner ---
Name: Choi Emilie
CIK: 0001851658
Role: Officer (President & COO)
--- Non-Derivative Transactions ---
[Transaction #1]
Security: Class A Common Stock
Date: 2026-08-20 | Code: M (Exercise of derivative)
Shares: +11,738 | Price: $0.00
Shares Owned After: 561,521 | Ownership: D (Direct)
Footnotes:
[F1] Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
[Transaction #2]
Security: Class A Common Stock
Date: 2026-08-20 | Code: M (Exercise of derivative)
Shares: +6,076 | Price: $0.00
Shares Owned After: 567,597 | Ownership: D (Direct)
Footnotes:
[F1] Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
[Transaction #3]
Security: Class A Common Stock
Date: 2026-08-20 | Code: M (Exercise of derivative)
Shares: +10,143 | Price: $0.00
Shares Owned After: 577,740 | Ownership: D (Direct)
Footnotes:
[F1] Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
[Transaction #4]
Security: Class A Common Stock
Date: 2026-08-20 | Code: M (Exercise of derivative)
Shares: +8,419 | Price: $0.00
Shares Owned After: 586,159 | Ownership: D (Direct)
Footnotes:
[F1] Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
[Transaction #5]
Security: Class A Common Stock
Date: 2026-08-20 | Code: F (Payment of exercise/tax)
Shares: -18,037 | Price: $160.20
Total Value: $2,889,527.40
Shares Owned After: 568,122 | Ownership: D (Direct)
Footnotes:
[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.
--- Derivative Transactions ---
[Transaction #1]
Security: Restricted Stock Units
Date: 2026-08-20 | Code: M (Exercise of derivative)
Shares: -11,738 | Price: $0.00
Exercise Price: $0.00
Shares Owned After: 11,738 | Ownership: D (Direct)
Footnotes:
[F6] Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
[F1] Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
[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.
[Transaction #2]
Security: Restricted Stock Units
Date: 2026-08-20 | Code: M (Exercise of derivative)
Shares: -6,076 | Price: $0.00
Exercise Price: $0.00
Shares Owned After: 36,455 | Ownership: D (Direct)
Footnotes:
[F6] Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
[F1] Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
[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.
[F8] RSUs do not expire; they either vest or are canceled prior to vesting date.
[Transaction #3]
Security: Restricted Stock Units
Date: 2026-08-20 | Code: M (Exercise of derivative)
Shares: -10,143 | Price: $0.00
Exercise Price: $0.00
Shares Owned After: 101,427 | Ownership: D (Direct)
Footnotes:
[F6] Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
[F1] Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
[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.
[F8] RSUs do not expire; they either vest or are canceled prior to vesting date.
[Transaction #4]
Security: Restricted Stock Units
Date: 2026-08-20 | Code: M (Exercise of derivative)
Shares: -8,419 | Price: $0.00
Exercise Price: $0.00
Shares Owned After: 58,934 | Ownership: D (Direct)
Footnotes:
[F6] Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
[F1] Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
[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.
[F8] RSUs do not expire; they either vest or are canceled prior to vesting date.
--- Holdings ---
[Holding #1]
Security: Class A Common Stock
Ownership: I (Indirect)
Footnotes:
[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.
[Holding #2]
Security: Class A Common Stock
Ownership: I (Indirect)
Footnotes:
[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.
[Holding #3]
Security: Class A Common Stock
Ownership: I (Indirect)
Footnotes:
[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.
--- Footnotes (Complete Index) ---
F1: Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
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.
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.
--- Signature ---
/s/ /s/ Emilie Choi, by Lailey Rezai, Attorney-in-Fact (2026-08-24)
