Davies Christa 4
4 · Coinbase Global, Inc. · Filed Jun 18, 2026
Research Summary
AI-generated summary of this filing
Coinbase (COIN) Director Christa Davies Receives 2,392 RSUs
What Happened
Christa Davies, a director of Coinbase Global, reported RSU vesting and related derivative conversions on June 16, 2026. The filing shows awards/conversions totaling 3,559 shares (reported as acquired at $0.00) and disposals/cancellations totaling 1,255 shares, including 88 shares surrendered to cover federal tax withholding at $169.62 per share (total ~$14,927). Net, Davies received 2,304 shares as a result of these transactions. These were vesting/conversion events and a tax-withholding share surrender — routine corporate compensation activity, not an open-market buy or sell.
Key Details
- Transaction date: June 16, 2026; Form 4 filed June 18, 2026 (filed within the typical two-business-day window).
- Reported entries: Award/grant (A) of 2,392 RSUs; exercise/conversion of derivative (M) entries; tax withholding (F) of 88 shares at $169.62 each (≈ $14,927). Acquisitions reported at $0.00 reflect RSU conversion.
- Net shares acquired: 2,304 (3,559 acquired less 1,255 disposed/cancelled).
- Shares owned after transaction: not included in the provided excerpt — see the full Form 4 for total holdings.
- Notable footnotes: vesting of previously granted RSUs; tax withholding performed by delivering/withholding shares (issuer canceled the withheld shares in exchange for paying withholding obligations); some shares are held of record by an irrevocable trust (Reporting Person disclaims beneficial ownership except to extent of pecuniary interest). Each RSU represents a contingent right to one Class A share.
Context
These entries reflect vested RSUs being converted into common stock and the company withholding shares to satisfy tax obligations — a common, administrative insider transaction. This is not an open-market sale or purchase that necessarily signals trading sentiment. For full ownership figures and any additional context, consult the complete Form 4 filing (accession 0001679788-26-000068).
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-06-16+1,167→ 3,167 total - Tax Payment
Class A Common Stock
[F2]2026-06-16$169.62/sh−88$14,927→ 3,079 total - Award
Restricted Stock Units
[F4][F5][F6]2026-06-16+2,392→ 2,392 total→ Class A Common Stock (2,392 underlying) - Exercise/Conversion
Restricted Stock Units
[F4][F1][F7][F6]2026-06-16−1,167→ 0 total→ Class A Common Stock (1,167 underlying)
- 17,000(indirect: By Trust)
Class A Common Stock
[F3]
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 tax withholding obligations of the Reporting Person resulting from the vesting of RSUs.
- [F3]These shares are held of record by an irrevocable trust, of which the Reporting Person is a beneficiary. The Reporting Person disclaims beneficial ownership of the shares owned by the irrevocable trust, except to the extent of her pecuniary interest therein, if any.
- [F4]Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- [F5]The RSUs vest on the earlier of June 16, 2027, or the date of the next annual meeting of the shareholders of the Issuer, subject to the Reporting Person's continued service to the Issuer on the vesting date.
- [F6]RSUs do not expire; they either vest or are canceled prior to vesting date.
- [F7]The RSUs vest on the earlier of June 18, 2026, or the date of the next annual meeting of the shareholders of the Issuer, subject to the Reporting Person's continued service to the Issuer on the vesting date.