HAAS ALESIA J 4

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.