Rajaram Gokul 4
Research Summary
AI-generated summary
Coinbase (COIN) Director Rajaram Gokul Receives RSUs, Converts Shares
What Happened
- Rajaram Gokul, a director of Coinbase Global, reported RSU-related activity on June 16, 2026. The Form 4 shows a 2,480-share award (A) of derivative securities (RSUs) and the conversion/exercise (M) of 1,234 derivative units into shares. The transactions are reported at $0.00, consistent with RSU vesting/conversion rather than a market purchase or cash sale. The filing also reports a simultaneous disposal entry for 1,234 shares at $0.00 (no cash proceeds reported).
Key Details
- Transaction date: June 16, 2026; Form 4 filed June 18, 2026 (timely filing).
- Reported items: A (award) 2,480 RSUs @ $0.00; M (exercise/conversion) 1,234 shares acquired @ $0.00 and 1,234 shares disposed @ $0.00.
- Reported value: $0 for all entries (reflects issuance/conversion of RSUs, not a cash transaction).
- Shares owned after transaction: Not specified in this Form 4.
- Notable footnotes: RSUs represent contingent rights to one Class A share each; vesting schedules referenced (earlier of June 18, 2026 or next annual meeting for some RSUs); prior transfer (Mar 13, 2026) of 1,492 shares to the Rajaram Family Revocable Trust is noted; the Reporting Person is trustee of that trust.
- No 10b5-1 plan, tax-withholding sale, or cash sale reported in this filing.
Context
- The M code indicates conversion/exercise of derivative securities; here that means RSUs vested and converted into shares. Because all amounts are $0.00, this activity is best read as equity compensation vesting/settlement rather than a market purchase or sale. Disposition reported at $0 does not indicate a market sale with cash proceeds in this filing; the Form 4 does not provide further detail on the nature of the disposition (e.g., transfer vs. sale).