Form 4: Coinbase COO Emilie Choi Reports RSU Vesting & Tax Sale

Coinbase President & COO Emilie Choi reported the vesting of 321,588 restricted stock units and the subsequent sale of 159,482 shares to cover tax obligations.

Summary

• Emilie Choi, President & COO of Coinbase Global, Inc., reported changes in her beneficial ownership of Class A Common Stock.
• On January 15, 2026, 321,588 restricted stock units (RSUs) previously granted to Ms. Choi vested, converting into Class A Common Stock.
• Following the RSU vesting, Ms. Choi directly held 524,022 shares of Class A Common Stock.
• Concurrently, 159,482 shares of Class A Common Stock were disposed of at a price of $255.86 per share to satisfy federal and state tax withholding obligations related to the RSU vesting.
• After these transactions, Ms. Choi's direct beneficial ownership of Class A Common Stock is 364,540 shares.
• Ms. Choi also holds indirect beneficial ownership of Class A Common Stock through various entities: 57,610 shares via Sixers LLC, 49,643 shares via Starvurst Exempt Trust, and 23,199 shares via Starvurst Non-Exempt Trust.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction involving RSU vesting and a tax-related share sale, which is a neutral event with no direct positive or negative implications for the company's operational or financial performance.

Positives

• The vesting of 321,588 restricted stock units indicates the successful execution of long-term incentive compensation plans for a key executive.
• The transaction demonstrates continued alignment of management's interests with long-term shareholder value through equity compensation.

Negatives

• A significant number of shares (159,482) were sold to cover tax liabilities, reducing the direct beneficial ownership of the President & COO.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This is a routine insider transaction, common across all industries, where executives receive equity compensation that vests over time, often leading to a portion of shares being sold to cover tax obligations. It reflects the standard practice of executive compensation in publicly traded companies, particularly in the technology and financial sectors.

Related Party Transactions

• Indirect beneficial ownership is held through Sixers LLC, Starvurst Exempt Trust, and Starvurst Non-Exempt Trust, where the Reporting Person and/or her spouse have interests. The Reporting Person disclaims beneficial ownership of these shares except to the extent of her pecuniary interest therein, if any.

Stakeholder Impact

• Shareholders: This is a routine insider transaction and is unlikely to have a significant direct impact on existing shareholders. It reflects standard executive compensation practices.
• Employees: No direct impact on employees is indicated by this filing.

Key Dates

Keywords

Coinbase, COIN, Emilie Choi, Insider Transaction, Form 4, RSU Vesting, Stock Sale, Tax Withholding, Beneficial Ownership