Jones Jennifer N. 4

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.