Lehane Chris 4
4 · Coinbase Global, Inc. · Filed Jun 18, 2026
Research Summary
AI-generated summary of this filing
Coinbase Director Chris Lehane Receives RSUs, Exercises Derivatives
What Happened
Chris Lehane, a director of Coinbase Global, reported transactions on June 16, 2026 involving the vesting and conversion/exercise of equity derivatives. The filing shows (1) an exercise/conversion of 1,100 derivative units acquired at $0, (2) an award/acquisition of 2,215 derivative RSU units at $0, and (3) an exercise/conversion of 1,100 derivative units disposed at $0. Net effect: a gain of 2,215 shares from the transactions; all reported transactions show $0 cash consideration.
Key Details
- Transaction date: June 16, 2026. Form filed: June 18, 2026 (timely filing).
- Reported items:
- Exercise/conversion (M): 1,100 shares acquired @ $0.00
- Grant/award (A): 2,215 RSU-type derivative units acquired @ $0.00
- Exercise/conversion (M): 1,100 shares disposed @ $0.00
- Net shares acquired: +2,215.
- Shares owned after transaction: not specified in the provided excerpt.
- Footnotes:
- F1–F5 explain these are RSUs (each RSU = right to one Class A share) and describe vesting mechanics and dates (some RSUs vest on the earlier of June 18, 2026 or next annual meeting; others have a June 16/June 17/June 2027 schedule per the filing).
- RSUs do not expire; they either vest or are canceled prior to the vesting date.
- No sale price or cash amount is reported; transactions show $0 consideration.
- Filing appears timely (filed two days after the transaction date).
Context
The report describes vesting/conversion of RSU-style derivatives rather than open-market buys or discretionary sales. The simultaneous exercise/conversion plus an immediate disposal of an equal 1,100-share block is commonly seen with equity settlements (e.g., to satisfy tax withholding or cover exercise costs), but the filing does not state the reason. These transactions are typical of compensation vesting and do not, by themselves, indicate a change in management’s view of the company.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-06-16+1,100→ 3,028 total - Award
Restricted Stock Units
[F2][F3][F4]2026-06-16+2,215→ 2,215 total→ Class A Common Stock (2,215 underlying) - Exercise/Conversion
Restricted Stock Units
[F2][F1][F5][F4]2026-06-16−1,100→ 0 total→ Class A Common Stock (1,100 underlying)
Footnotes (5)
- [F1]Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person.
- [F2]Each RSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- [F3]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.
- [F4]RSUs do not expire; they either vest or are canceled prior to vesting date.
- [F5]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.