Coinbase (COIN) Director Chris Lehane Receives RSU Vesting (748 Shares)

What Happened

• Chris Lehane, a director of Coinbase Global, had 748 restricted stock units (RSUs) vest on August 20, 2026. The Form 4 reports an exercise/conversion of derivative (code M) for 748 shares acquired at $0.00 and a simultaneous derivative disposition of 748 shares at $0.00. No cash value is reported in the filing for these items. This is a vesting/convert event (an award becoming shares), not an open-market purchase or sale.

Key Details

• Transaction date: August 20, 2026 (reported on Form 4 filed August 24, 2026). Filing appears within the required reporting window.
• Reported transactions: 748 shares acquired via conversion of a derivative (code M) at $0.00; 748 shares disposed (derivative) at $0.00.
• Shares owned after transaction: Not disclosed in the provided filing details.
• Footnotes: F1–F4 state these were RSUs vesting; each RSU equals a contingent right to one Class A share. Vesting schedule: 1/3 vested Aug 20, 2025, with the remainder vesting in equal annual installments until fully vested Aug 20, 2027. RSUs do not expire prior to vesting.
• No 10b5-1 plan, tax withholding line, or cash sale proceeds are shown in the provided data.

Context

• This report documents RSU vesting and conversion to shares. The paired acquired and disposed derivative entries at $0.00 often reflect conversion/settlement mechanics (e.g., issuance, cancellation, or internal net settlement) rather than an open-market sale; the filing does not show proceeds or a cash sale. Vesting of RSUs is typically routine compensation and does not by itself indicate a directional view on the stock.