Form 4: Coinbase COO Emilie Choi Reports Stock Transactions
SEC Form 4 Filing
Coinbase's President & COO, Emilie Choi, reports the vesting of restricted stock units and associated tax obligations.
Summary
- Emilie Choi, President & COO of Coinbase Global, Inc., filed a Form 4 detailing changes in beneficial ownership.
- On February 20, 2025, Choi vested 11,167 and 11,738 Class A Common Stock shares from restricted stock units (RSUs).
- She disposed of 11,357 shares to cover tax obligations related to the vesting of the RSUs at a price of $258.67 per share.
- Following these transactions, Choi directly owns 158,497 shares of Class A Common Stock.
- Choi also has indirect ownership through the Starvurst Exempt Trust (49,643 shares), Starvurst Non-Exempt Trust (23,199 shares), and Sixers LLC (57,610 shares), but disclaims beneficial ownership except to the extent of her pecuniary interest.
- Choi directly owns 33,498 and 82,165 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine filing; the sentiment is neutral as it reflects standard compensation practices.
Industry Context
Form 4 filings are standard practice and provide transparency into the trading activities of company insiders, which is important for maintaining market confidence.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/20/2023 | First 1/12 of some RSUs vest |
| 02/20/2024 | First 1/12 of some RSUs vest |
| 02/20/2025 | Date of reported transactions: vesting of RSUs and disposal of shares for tax obligations. |
| 11/20/2025 | Date when some RSUs are fully vested. |
| 11/20/2026 | Date when some RSUs are fully vested. |
| 02/24/2025 | Date of Form 4 signature. |
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