Coinbase (COIN) CFO Alesia Haas Exercises RSUs; Shares Withheld

What happened Alesia Haas, Chief Financial Officer of Coinbase (COIN), had restricted stock units (RSUs) vest on August 20, 2026. A total of 16,817 RSUs converted into shares (reported as derivative exercises, code M). To satisfy tax withholding obligations, 8,339 of those shares were relinquished/cancelled (code F) at a withholding value of $160.20 per share, totaling $1,335,908. The net shares retained by Haas after withholding were approximately 8,478.

Key details

• Transaction date: August 20, 2026; Form 4 filed August 24, 2026 (filed 4 days after the vesting date).
• Conversion (M): 5,869 + 4,101 + 6,847 = 16,817 shares acquired via RSU vesting (no cash exercise price).
• Tax withholding (F): 8,339 shares withheld/cancelled at $160.20/share = $1,335,908 paid by the issuer to cover federal/state taxes (exempt per Rule 16b-3).
• Net shares delivered to insider: ~8,478 shares (16,817 vested − 8,339 withheld).
• Footnotes: each RSU equals one share on vesting; these awards come from multiple grant schedules that vest quarterly over staggered three-year periods (see F4, F6, F7). RSUs do not expire; unvested awards are cancelled.
• Filing timeliness: Form 4 was filed four days after the transaction date (appears to be later than the typical 2-business-day reporting window).

Context This was a routine vesting of compensation RSUs, not an open-market purchase or sell order. The transaction is effectively a cashless tax withholding arrangement: RSUs converted to shares and a portion was surrendered to cover tax liabilities (issuer paid the taxes per the withholding arrangement). Such vesting events are common for executives and do not, by themselves, indicate a buy or sell decision about the company's stock.