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

Brian Armstrong, Coinbase Global, Inc. director and CEO, reported transactions dated 08/12/2025. He converted 25,000 shares of Class B into Class A and, under a Rule 10b5-1 trading plan, sold 25,000 Class A shares in multiple tranches at weighted average prices in several ranges. The reported sale prices ranged from a low of $324.33 to a high of $329.52. Following the reported disposals, the Form 4 lists incremental beneficial ownership balances ending with 526 Class A shares held indirectly by The Brian Armstrong Living Trust. The filing also discloses 2,958,393 Class A shares held by The Ehrsam 2014 Irrevocable Trust, of which Armstrong is trustee and for which he disclaims beneficial ownership except to his pecuniary interest.

Brian Armstrong, amministratore e CEO di Coinbase Global, Inc., ha riportato operazioni datate 12/08/2025. Ha convertito 25.000 azioni di Classe B in Classe A e, nell'ambito di un piano di negoziazione ai sensi della Rule 10b5-1, ha venduto 25.000 azioni di Classe A in più tranche a prezzi medi ponderati in diverse fasce. I prezzi di vendita comunicati variano da un minimo di $324,33 a un massimo di $329,52. Dopo le operazioni segnalate, il modulo Form 4 indica saldi di partecipazione benefici incrementali che terminano con 526 azioni di Classe A detenute indirettamente dal The Brian Armstrong Living Trust. La comunicazione segnala inoltre 2.958.393 azioni di Classe A detenute dal The Ehrsam 2014 Irrevocable Trust, di cui Armstrong è trustee e sulla cui titolarità beneficiaria dichiara di non vantare diritti, eccetto il suo interesse pecuniario.

Brian Armstrong, director y CEO de Coinbase Global, Inc., informó transacciones con fecha 12/08/2025. Convirtió 25.000 acciones de Clase B a Clase A y, bajo un plan de negociación conforme a la Regla 10b5-1, vendió 25.000 acciones Clase A en múltiples tramos a precios promedio ponderados dentro de varios rangos. Los precios de venta reportados oscilaron entre un mínimo de $324.33 y un máximo de $329.52. Tras las disposiciones informadas, el Formulario 4 refleja saldos de titularidad beneficiaria incrementales que finalizan con 526 acciones Clase A mantenidas indirectamente por The Brian Armstrong Living Trust. La presentación también revela 2.958.393 acciones Clase A en poder de The Ehrsam 2014 Irrevocable Trust, del cual Armstrong es fideicomisario y sobre las cuales renuncia a la titularidad beneficiaria salvo por su interés pecuniario.

브라이언 암스트롱, Coinbase Global, Inc. 이사 � CEO� 2025� 8� 12일자� 거래� 신고했습니다. 그는 25,000� 클래� B� 클래� A� 전환했고, Rule 10b5-1� 따른 거래 계획� 따라 25,000� 클래� A� 여러 차례� 걸쳐 매도했으� 가중평� 가격은 여러 구간� 걸쳐 형성되었습니�. 신고� 매도 가격은 최저 $324.33에서 최고 $329.52까지였습니�. 신고� 처분 이후 Form 4에는 최종적으� The Brian Armstrong Living Trust가 간접 보유� 526� 클래� A� 끝나� 증분� 수익� 보유 잔고가 기재되어 있습니다. 또한 제출서에� 암스트롱� 수탁�(trustee)� 있으� � 외에� 수익� 소유권을 부인한다고 밝힌 The Ehrsam 2014 Irrevocable Trust가 보유� 2,958,393� 클래� A� 공시되어 있습니다.

Brian Armstrong, administrateur et CEO de Coinbase Global, Inc., a déclaré des opérations datées du 12/08/2025. Il a converti 25 000 actions de classe B en actions de classe A et, dans le cadre d'un plan de négociation selon la règle 10b5-1, a vendu 25 000 actions de classe A en plusieurs tranches à des prix moyens pondérés dans plusieurs fourchettes. Les prix de vente déclarés allaient d'un minimum de $324,33 à un maximum de $329,52. À la suite des cessions signalées, le formulaire 4 indique des soldes de propriété bénéficiaire incrémentiels se terminant par 526 actions de classe A détenues indirectement par The Brian Armstrong Living Trust. Le dépôt révèle également 2 958 393 actions de classe A détenues par The Ehrsam 2014 Irrevocable Trust, dont Armstrong est le fiduciaire et dont il décline la propriété bénéficiaire, sauf en ce qui concerne son intérêt pécuniaire.

Brian Armstrong, Direktor und CEO von Coinbase Global, Inc., meldete Transaktionen datiert auf den 12.08.2025. Er hat 25.000 Aktien der Klasse B in Klasse A umgewandelt und im Rahmen eines Rule-10b5-1-Handelsplans 25.000 Klasse-A-Aktien in mehreren Tranchen verkauft zu gewichteten Durchschnittspreisen in verschiedenen Bereichen. Die gemeldeten Verkaufspreise lagen zwischen einem Tief von $324,33 und einem Hoch von $329,52. Nach den gemeldeten Veräußerungen listet das Formular 4 inkrementelle wirtschaftliche Eigentumsbestände, die mit 526 Klasse-A-Aktien enden, die indirekt vom The Brian Armstrong Living Trust gehalten werden. Die Einreichung offenbart außerdem 2.958.393 Klasse-A-Aktien, die vom The Ehrsam 2014 Irrevocable Trust gehalten werden, dessen Treuhänder Armstrong ist und deren wirtschaftliche Eigentümerschaft er mit Ausnahme seines pecuniären Interesses bestreitet.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: CEO converted Class B shares and sold 25,000 Class A shares via a Rule 10b5-1 plan at ~$324�$329 per share.

The Form 4 shows a planned execution: conversion of 25,000 Class B shares into Class A and sales of an equal number of Class A shares on 08/12/2025. Transactions were effected pursuant to a 10b5-1 plan adopted August 15, 2024, indicating the sales were pre-authorized and not ad hoc. Reported sale price ranges span roughly $324.33 to $329.52, reflecting the execution price band disclosed in the footnotes. From an equity-ownership perspective, the filing documents meaningful movement of shares but provides no new operational or financial metrics; the market impact depends on context (aggregate volume relative to float) not provided in this Form 4.

TL;DR: Insider used a documented 10b5-1 plan and provided standard Form 4 disclosure for conversions and sales.

The filing demonstrates adherence to common insider-trading controls: use of a Rule 10b5-1 plan and explicit disclosure of conversions, disposals, and indirect ownership via trusts. The conversion of Class B to Class A is routine given one-for-one convertibility and is clearly reported. The filing also includes the trustee-held Ehrsam 2014 Irrevocable Trust holdings and the Reporting Person's statement disclaiming beneficial ownership beyond pecuniary interest. These elements suggest formal governance and disclosure practices were followed.

Brian Armstrong, amministratore e CEO di Coinbase Global, Inc., ha riportato operazioni datate 12/08/2025. Ha convertito 25.000 azioni di Classe B in Classe A e, nell'ambito di un piano di negoziazione ai sensi della Rule 10b5-1, ha venduto 25.000 azioni di Classe A in più tranche a prezzi medi ponderati in diverse fasce. I prezzi di vendita comunicati variano da un minimo di $324,33 a un massimo di $329,52. Dopo le operazioni segnalate, il modulo Form 4 indica saldi di partecipazione benefici incrementali che terminano con 526 azioni di Classe A detenute indirettamente dal The Brian Armstrong Living Trust. La comunicazione segnala inoltre 2.958.393 azioni di Classe A detenute dal The Ehrsam 2014 Irrevocable Trust, di cui Armstrong è trustee e sulla cui titolarità beneficiaria dichiara di non vantare diritti, eccetto il suo interesse pecuniario.

Brian Armstrong, director y CEO de Coinbase Global, Inc., informó transacciones con fecha 12/08/2025. Convirtió 25.000 acciones de Clase B a Clase A y, bajo un plan de negociación conforme a la Regla 10b5-1, vendió 25.000 acciones Clase A en múltiples tramos a precios promedio ponderados dentro de varios rangos. Los precios de venta reportados oscilaron entre un mínimo de $324.33 y un máximo de $329.52. Tras las disposiciones informadas, el Formulario 4 refleja saldos de titularidad beneficiaria incrementales que finalizan con 526 acciones Clase A mantenidas indirectamente por The Brian Armstrong Living Trust. La presentación también revela 2.958.393 acciones Clase A en poder de The Ehrsam 2014 Irrevocable Trust, del cual Armstrong es fideicomisario y sobre las cuales renuncia a la titularidad beneficiaria salvo por su interés pecuniario.

브라이언 암스트롱, Coinbase Global, Inc. 이사 � CEO� 2025� 8� 12일자� 거래� 신고했습니다. 그는 25,000� 클래� B� 클래� A� 전환했고, Rule 10b5-1� 따른 거래 계획� 따라 25,000� 클래� A� 여러 차례� 걸쳐 매도했으� 가중평� 가격은 여러 구간� 걸쳐 형성되었습니�. 신고� 매도 가격은 최저 $324.33에서 최고 $329.52까지였습니�. 신고� 처분 이후 Form 4에는 최종적으� The Brian Armstrong Living Trust가 간접 보유� 526� 클래� A� 끝나� 증분� 수익� 보유 잔고가 기재되어 있습니다. 또한 제출서에� 암스트롱� 수탁�(trustee)� 있으� � 외에� 수익� 소유권을 부인한다고 밝힌 The Ehrsam 2014 Irrevocable Trust가 보유� 2,958,393� 클래� A� 공시되어 있습니다.

Brian Armstrong, administrateur et CEO de Coinbase Global, Inc., a déclaré des opérations datées du 12/08/2025. Il a converti 25 000 actions de classe B en actions de classe A et, dans le cadre d'un plan de négociation selon la règle 10b5-1, a vendu 25 000 actions de classe A en plusieurs tranches à des prix moyens pondérés dans plusieurs fourchettes. Les prix de vente déclarés allaient d'un minimum de $324,33 à un maximum de $329,52. À la suite des cessions signalées, le formulaire 4 indique des soldes de propriété bénéficiaire incrémentiels se terminant par 526 actions de classe A détenues indirectement par The Brian Armstrong Living Trust. Le dépôt révèle également 2 958 393 actions de classe A détenues par The Ehrsam 2014 Irrevocable Trust, dont Armstrong est le fiduciaire et dont il décline la propriété bénéficiaire, sauf en ce qui concerne son intérêt pécuniaire.

Brian Armstrong, Direktor und CEO von Coinbase Global, Inc., meldete Transaktionen datiert auf den 12.08.2025. Er hat 25.000 Aktien der Klasse B in Klasse A umgewandelt und im Rahmen eines Rule-10b5-1-Handelsplans 25.000 Klasse-A-Aktien in mehreren Tranchen verkauft zu gewichteten Durchschnittspreisen in verschiedenen Bereichen. Die gemeldeten Verkaufspreise lagen zwischen einem Tief von $324,33 und einem Hoch von $329,52. Nach den gemeldeten Veräußerungen listet das Formular 4 inkrementelle wirtschaftliche Eigentumsbestände, die mit 526 Klasse-A-Aktien enden, die indirekt vom The Brian Armstrong Living Trust gehalten werden. Die Einreichung offenbart außerdem 2.958.393 Klasse-A-Aktien, die vom The Ehrsam 2014 Irrevocable Trust gehalten werden, dessen Treuhänder Armstrong ist und deren wirtschaftliche Eigentümerschaft er mit Ausnahme seines pecuniären Interesses bestreitet.

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*
Armstrong Brian

(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)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chairman and CEO
3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025
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 08/12/2025 C(1)(2) 25,000 A $0(3) 25,526 I By The Brian Armstrong Living Trust
Class A Common Stock 08/12/2025 S(2) 5,706 D $324.9892(4) 19,820 I By The Brian Armstrong Living Trust
Class A Common Stock 08/12/2025 S(2) 3,401 D $325.8354(5) 16,419 I By The Brian Armstrong Living Trust
Class A Common Stock 08/12/2025 S(2) 7,906 D $326.9389(6) 8,513 I By The Brian Armstrong Living Trust
Class A Common Stock 08/12/2025 S(2) 5,897 D $327.6747(7) 2,616 I By The Brian Armstrong Living Trust
Class A Common Stock 08/12/2025 S(2) 1,487 D $329.2427(8) 1,129 I By The Brian Armstrong Living Trust
Class A Common Stock 08/12/2025 S(2) 603 D $329.4084(9) 526 I By The Brian Armstrong Living Trust
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
Class B Common Stock (3) 08/12/2025 C(1)(2) 25,000 (3) (3) Class A Common Stock 25,000 $0 22,831,225 I By The Brian Armstrong Living Trust
Class B Common Stock (3) (3) (3) Class A Common Stock 2,958,393 2,958,393 I The Ehrsam 2014 Irrevocable Trust(10)
Explanation of Responses:
1. Represents the conversion of Class B Common Stock held of record by The Brian Armstrong Living Trust into Class A Common Stock.
2. The transactions reported on this line were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 15, 2024, during an open trading window.
3. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the option of the holder and has no expiration date.
4. Represents the weighted average sale price. The lowest price at which shares were sold was $324.33 and the highest price at which shares were sold was $325.32. 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 (4) through (9) to this Form 4.
5. Represents the weighted average sale price. The lowest price at which shares were sold was $325.35 and the highest price at which shares were sold was $326.31.
6. Represents the weighted average sale price. The lowest price at which shares were sold was $326.36 and the highest price at which shares were sold was $327.325.
7. Represents the weighted average sale price. The lowest price at which shares were sold was $327.34 and the highest price at which shares were sold was $328.25.
8. Represents the weighted average sale price. The lowest price at which shares were sold was $329.03 and the highest price at which shares were sold was $329.315.
9. Represents the weighted average sale price. The lowest price at which shares were sold was $329.345 and the highest price at which shares were sold was $329.52.
10. These shares are held by The Ehrsam 2014 Irrevocable Trust, of which the Reporting Person is trustee. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any.
Remarks:
/s/ Brian Armstrong, by Lailey Rezai, Attorney-in-Fact 08/14/2025
** 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 did Brian Armstrong report on Form 4 for COIN on 08/12/2025?

The Form 4 reports conversion of 25,000 Class B shares into Class A and the sale of 25,000 Class A shares executed on 08/12/2025 under a Rule 10b5-1 plan.

At what prices were the COIN shares sold according to the Form 4?

The filing discloses weighted-average sale prices with ranges; the overall low/high across tranches were $324.33 and $329.52 respectively.

Were the sales pre-authorized or ad hoc?

The transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 15, 2024, indicating pre-authorization.

How many COIN shares does Armstrong or his trusts hold after these transactions?

The Form 4 shows incremental balances ending with 526 Class A shares held indirectly by The Brian Armstrong Living Trust and 2,958,393 Class A shares held by The Ehrsam 2014 Irrevocable Trust (Armstrong is trustee and disclaims beneficial ownership except to any pecuniary interest).

Who signed the Form 4 and when was it signed?

The signature block shows /s/ Brian Armstrong, by Lailey Rezai, Attorney-in-Fact with the date 08/14/2025.
Coinbase Global, Inc.

NASDAQ:COIN

COIN Rankings

COIN Latest News

COIN Latest SEC Filings

COIN Stock Data

82.89B
210.95M
1.97%
57.97%
5.14%
Financial Data & Stock Exchanges
Finance Services
United States
NEW YORK