Ehrsam Frederick Ernest III 4
4 · Coinbase Global, Inc. · Filed Jun 18, 2026
Research Summary
AI-generated summary of this filing
Coinbase (COIN) Director Fred Ehrsam Receives RSUs, Exercises Options
What Happened
Fred Ehrsam, a director of Coinbase Global, Inc. (COIN), reported transactions dated June 16, 2026: he was granted 2,303 restricted stock units (RSUs) (reported as a derivative award at $0.00) and he exercised/converted 1,150 derivative shares (acquired at $0.00) with an equal number (1,150) reported as disposed the same day (at $0.00). All reported transactions show a $0.00 per-share price and no cash value disclosed on the Form 4.
Key Details
- Transaction types: A = Grant/Award (2,303 RSUs); M = Exercise/Conversion (1,150 shares acquired and 1,150 shares disposed).
- Transaction date: June 16, 2026; Form 4 filed June 18, 2026 (reporting appears timely).
- Reported prices/values: All entries listed at $0.00 per share (total cash consideration not shown).
- Shares owned after transaction: Not specified in the filing; the filing notes these securities are held by FE Management LP, of which the reporting person is a beneficiary.
- Relevant footnotes: RSUs represent contingent rights to receive one share each (F3); RSU vesting schedule referenced (vesting on the earlier of June 18, 2026 or next annual meeting for these RSUs per F6); RSUs either vest or are canceled and do not expire (F5); securities held indirectly via FE Management LP (F2).
- Filing timeliness: Form filed June 18 for June 16 transactions — within the usual two-business-day Form 4 window.
Context
RSUs are derivative awards that give a contingent right to receive shares upon vesting; they are not open-market purchases. The filing shows the same number of shares were acquired via exercise and disposed on the same day; the Form 4 does not state the reason for the disposition (e.g., sale, transfer, or withholding). These types of award vesting/exercise and immediate dispositions are common administrative events and do not, by themselves, indicate the insider’s market view.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-06-16+1,150→ 1,150 total - Award
Restricted Stock Units
[F3][F4][F5]2026-06-16+2,303→ 2,303 total→ Class A Common Stock (2,303 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F1][F6][F5]2026-06-16−1,150→ 0 total→ Class A Common Stock (1,150 underlying)
- 11,881(indirect: By FE Management LP)
Class A Common Stock
[F2]
Footnotes (6)
- [F1]Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
- [F2]These securities are held by FE Management LP, of which the Reporting Person is a beneficiary.
- [F3]Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- [F4]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.
- [F5]RSUs do not expire; they either vest or are canceled prior to vesting date.
- [F6]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.