Derivative exercise or conversion — not an open-market buy.
Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell
View the official recordSEC Form 4 — Statement of Changes in Beneficial OwnershipAll the details
Dates, kept separate
Transaction date
Dec 22, 2025
Reporting period
Not applicable
Filed with the SEC
Dec 23, 2025
CEOOption exercise
Context
Classification
option exercise
Code M — exercise or conversion of a derivative security
Planned / mechanical clue
Footnote references a pre-arranged trading plan (Rule 10b5-1)
Only flagged when a footnote says so; never inferred
Source receipt
Record ID
0001679788-25-000249
Filed / recorded
Dec 23, 2025, 9:14 PM UTC
Added to OQRO
Oct 1, 2026, 11:17 PM UTC
Parser
form4-xml-v1
Data quality
Verified: identifiers matched exactly
Issuer
Coinbase Global, Inc.
Issuer CIK
1679788
Ticker
COIN
Reporting person
Brian Armstrong
Relationship
Director, Officer, 10% owner
Officer title
Chairman and CEO
Security
Employee Stock Option (right to buy)
Table
Derivative (Table II)
Transaction date
Dec 22, 2025
Transaction code
M
Shares / units
40,000
Price per share
$0.00
Acquired / disposed
Disposed (D)
Shares owned after
2,593,924
Ownership form
Direct
Amendment
No
Footnotes from the filing
The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 15, 2025, during an open trading window.
The option vests as to 1/48 of the total shares monthly over four years, with the first 1/48 vesting on July 3, 2019 and 100% of the total shares vested and exercisable on June 3, 2023, 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.
