Jones Jennifer N. 4

What Happened
Jennifer N. Jones, Coinbase's Chief Accounting Officer, was granted 24,342 restricted stock units (RSUs) on February 14, 2026. The Form 4 reports these as a derivative award (transaction code A) with an acquisition price of $0.00 — a standard equity compensation grant rather than a market purchase or sale.

Key Details

• Transaction date: 2026-02-14 (grant recorded on Form 4).
• Transaction type/code: Award/Grant (A); derivative RSUs reported at $0.00.
• Shares/units granted: 24,342 RSUs (each RSU represents a contingent right to one share).
• Shares owned after transaction: Not disclosed in this filing.
• Vesting: RSUs vest in equal quarterly installments over three years; first 1/12 vests May 20, 2026, and final vesting on Feb 20, 2029 (subject to continued service).
• Expiration: RSUs do not expire; they vest or are cancelled prior to vesting.
• Filing timeliness: No late filing indicated in the provided data.

Context
This is a compensation award (not an open-market purchase or sale). RSUs are a form of deferred equity — they convert to actual shares only as they vest per the schedule above. Such grants are common for employee compensation and do not by themselves indicate insider buying or selling sentiment.