Jones Jennifer N. 4
4 · Coinbase Global, Inc. · Filed May 22, 2026
Research Summary
AI-generated summary of this filing
Coinbase (COIN) CAO Jennifer Jones Receives RSUs; Shares Withheld
What Happened
Jennifer N. Jones, Chief Accounting Officer of Coinbase Global, had RSUs vest on May 20, 2026. A total of 4,564 RSUs converted into shares (reported as derivative exercises/conversions). Of those, 2,513 shares were relinquished/cancelled by Jones to satisfy federal, state and provincial tax withholding obligations at $193.45 per share (total withholding value $486,140). The remaining 2,051 shares were retained by the reporting person. The conversion showed $0.00 per-share exercise price for the vested RSUs.
Key Details
- Transaction date: 2026-05-20. Conversion (code M) at $0.00; tax-withholding disposal (code F) at $193.45/share.
- Shares involved: 4,564 RSUs converted to shares; 2,513 shares surrendered for tax withholding (value reported $486,140); net 2,051 shares retained.
- Footnotes: F1–F3 confirm these were RSUs (each RSU = one share) that vested; F2 notes the tax-withholding surrender was an exempt transaction under Section 16b-3(e) (company withheld/cancelled shares to pay taxes). F4–F7 describe separate RSU grant vesting schedules (quarterly over three years for different grants). RSUs do not expire prior to vesting.
- Shares owned after transaction: not specified in the provided filing.
- Filing timeliness: no late-filing indication provided in the data supplied.
Context
This was vesting and conversion of RSU awards, not an open-market sale. The surrender/cancellation of shares to cover tax obligations is a routine, exempt withholding mechanism (often called cashless or share-withholding) and does not necessarily signal a buying/selling decision by the insider.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-05-20+1,320→ 1,320 total - Exercise/Conversion
Class A Common Stock
[F1]2026-05-20+1,216→ 2,536 total - Exercise/Conversion
Class A Common Stock
[F1]2026-05-20+2,028→ 4,564 total - Tax Payment
Class A Common Stock
[F2]2026-05-20$193.45/sh−2,513$486,140→ 2,051 total - Exercise/Conversion
Restricted Stock Units
[F3][F1][F4][F5]2026-05-20−1,320→ 2,641 totalExercise: $0.00→ Class A Common Stock (1,320 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F1][F6][F5]2026-05-20−1,216→ 8,505 totalExercise: $0.00→ Class A Common Stock (1,216 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F1][F7][F5]2026-05-20−2,028→ 22,314 totalExercise: $0.00→ Class A Common Stock (2,028 underlying)
Footnotes (7)
- [F1]Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
- [F2]Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal, state and provincial tax withholding obligations of the Reporting Person resulting from the vesting of RSUs.
- [F3]Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- [F4]The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on February 20, 2024, until the award is fully vested on November 20, 2026, subject to the Reporting Person's continued service to the Issuer on each vesting date.
- [F5]RSUs do not expire; they either vest or are canceled prior to vesting date.
- [F6]The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on May 20, 2025, until the award is fully vested on February 20, 2028, subject to the Reporting Person's continued service to the Issuer on each vesting date.
- [F7]The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on May 20, 2026, until the award is fully vested on February 20, 2029, subject to the Reporting Person's continued service to the Issuer on each vesting date.