Coinbase Global, Inc. 8-K

What Happened

• Coinbase Global, Inc. filed a Form 8-K reporting that Paul Grewal notified the company on July 8, 2026 that he will step down as Chief Legal Officer and Secretary effective July 31, 2026. The company expects Molly Abraham, Vice President, Legal, to be appointed General Counsel and Secretary in connection with his departure. Coinbase also entered an Advisor Agreement with Mr. Grewal on July 8, 2026 to support the transition.

Key Details

• Grewal’s resignation effective date: July 31, 2026.
• Advisor Agreement term (Advisory Period): August 1, 2026 to October 31, 2026.
• Compensation under the Advisor Agreement: a lump-sum payment equal to three months of Grewal’s current base salary, payable after the Advisory Period.
• Continued vesting: portion of Grewal’s restricted stock units scheduled to vest on August 20, 2026 will continue to vest, subject to his providing the advisory services.
• The Advisor Agreement is attached as Exhibit 10.1 to the 8-K.

Why It Matters

• This is a senior legal leadership change at Coinbase, affecting the company’s General Counsel role and corporate secretary duties. For investors, the filing signals a planned, managed transition (an advisor agreement and continued vesting) rather than an immediate abrupt departure.
• The disclosed advisor payments and RSU vesting are limited and time‑bound, so potential near‑term compensation impact is clearly defined in the filing.