HAAS ALESIA J 4
4 · Coinbase Global, Inc. · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
Coinbase (COIN) CFO Alesia Haas Sells $56.5M of Shares
What Happened
Alesia Haas, Chief Financial Officer of Coinbase Global, reported multiple transactions on Feb 6, 2026. She exercised/options-converted 78,433 shares at $18.13 (cost ~$1.42M) and converted 617,668 Class B shares to Class A shares (no cash). She sold approximately 364,600 shares in open-market trades across several blocks for total proceeds of roughly $56.5 million.
Key Details
- Transaction date: February 6, 2026; Form 4 filed Feb 10, 2026 (timely).
- Sales: 364,600 shares sold in multiple trades; aggregated proceeds ≈ $56.5M. Individual sale lots and proceeds included (examples): 128,182 @ $154.06 ($19.75M), 116,709 @ $156.03 ($18.21M), 90,676 @ $155.15 ($14.07M), plus smaller lots.
- Exercise: 78,433 shares exercised at $18.13 for ~$1.422M.
- Conversion: 617,668 Class B → Class A shares (no cash) per footnotes.
- Price range: sales executed across prices roughly $151.57–$157.04 (see filing footnotes for detailed ranges and weighted averages).
- Plan/Reason: Transactions were effected pursuant to a Rule 10b5-1 trading plan adopted Sept 3, 2025; sales were to cover exercise price, commissions, fees and estimated tax withholding (per filing).
- Shares owned after transaction: not specified in the excerpt; see the Form 4 for post-transaction holdings.
Context
- This pattern (exercise + immediate sale under a 10b5-1 plan) is commonly used to cover option costs and withholding; it does not necessarily indicate a discretionary market-timing decision.
- Derivative activity here includes option exercise and conversion of Class B common stock to Class A common stock (each Class B share converts 1:1 to Class A).
- The filing is informational — retail investors should combine this with other data (company results, insider holdings trends) before drawing conclusions.
Insider Transaction Report
Form 4
HAAS ALESIA J
Chief Financial Officer
Transactions
- Conversion
Class A Common Stock
[F1][F2][F3]2026-02-06+617,668→ 688,332 total - Exercise/Conversion
Class A Common Stock
[F2]2026-02-06$18.13/sh+78,433$1,421,990→ 766,765 total - Sale
Class A Common Stock
[F4][F5]2026-02-06$152.10/sh−14,062$2,138,823→ 752,703 total - Sale
Class A Common Stock
[F4][F6]2026-02-06$152.86/sh−3,757$574,282→ 748,946 total - Sale
Class A Common Stock
[F4][F7]2026-02-06$154.06/sh−128,182$19,747,475→ 620,764 total - Sale
Class A Common Stock
[F4][F8]2026-02-06$155.15/sh−90,676$14,068,617→ 530,088 total - Sale
Class A Common Stock
[F4][F9]2026-02-06$156.03/sh−116,709$18,209,650→ 413,379 total - Sale
Class A Common Stock
[F4][F10]2026-02-06$156.72/sh−11,214$1,757,459→ 402,165 total - Exercise/Conversion
Employee Stock Option (right to buy)
[F2][F11]2026-02-06−617,668→ 0 totalExercise: $6.97Exp: 2028-04-30→ Class B Common Stock (617,668 underlying) - Exercise/Conversion
Class B Common Stock
[F3][F2]2026-02-06+617,668→ 617,668 total→ Class A Common Stock (617,668 underlying) - Conversion
Class B Common Stock
[F3][F1][F2]2026-02-06−617,668→ 0 total→ Class A Common Stock (617,668 underlying) - Exercise/Conversion
Employee Stock Option (right to buy)
[F2][F12]2026-02-06−78,433→ 0 totalExercise: $18.13Exp: 2030-04-28→ Class A Common Stock (78,433 underlying)
Footnotes (12)
- [F1]Represents the conversion of Class B Common Stock held of record by the Reporting Person into Class A Common Stock.
- [F10]Represents the weighted average sale price. The lowest price at which shares were sold was $156.59 and the highest price at which shares were sold was $157.04.
- [F11]The options vested with respect to 1/4th of the total shares on April 17, 2019, and the remaining 3/4th of the options vest in equal monthly installments thereafter until the options are fully vested on April 17, 2022, 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.
- [F12]The options vest in equal monthly increments over four years, with the first 1/48 of the options vesting on February 1, 2020, until the options are fully vested on January 1, 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.
- [F2]The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 3, 2025, during an open trading window.
- [F3]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.
- [F4]These transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on September 3, 2025, during an open trading window, to cover the exercise price, commissions, fees and estimated tax withholding obligations in connection with the exercise of stock options. The Reporting Person did not sell or otherwise dispose of shares for any reason other than to cover such exercise price, commissions, fees and estimated required taxes.
- [F5]Represents the weighted average sale price. The lowest price at which shares were sold was $151.5703 and the highest price at which shares were sold was $152.555. 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 (5) through (10) to this Form 4.
- [F6]Represents the weighted average sale price. The lowest price at which shares were sold was $152.5818 and the highest price at which shares were sold was $153.58.
- [F7]Represents the weighted average sale price. The lowest price at which shares were sold was $153.5872 and the highest price at which shares were sold was $154.58.
- [F8]Represents the weighted average sale price. The lowest price at which shares were sold was $154.59 and the highest price at which shares were sold was $155.585.
- [F9]Represents the weighted average sale price. The lowest price at which shares were sold was $155.59 and the highest price at which shares were sold was $156.5822.
Signature
/s/ Alesia J. Haas, by Lailey Rezai, Attorney-in-Fact|2026-02-10