Form 4: Coinbase COO Emilie Choi Reports Stock Transactions

Coinbase's President and COO, Emilie Choi, filed a Form 4 detailing the vesting of restricted stock units and related tax obligations.

Summary

• Emilie Choi, President & COO of Coinbase Global, Inc., reported changes in beneficial ownership of Class A Common Stock.
• The transactions involved the vesting of restricted stock units (RSUs) and the subsequent withholding of shares to cover tax liabilities.
• Choi acquired shares through the vesting of RSUs on May 20, 2025.
• A portion of the vested shares were then disposed of to cover federal and state tax withholding obligations.
• Choi also acquired 85 shares on May 14, 2025, through the company's Employee Stock Purchase Plan.
• After these transactions, Choi directly owns 173,192 shares of Class A Common Stock.
• Choi also has indirect ownership through various trusts and LLCs, including the Starvurst Exempt Trust (49,643 shares), Starvurst Non-Exempt Trust (23,199 shares), and Sixers LLC (57,610 shares).
• Choi disclaims beneficial ownership of shares held by the trusts and LLCs except to the extent of her pecuniary interest.

Sentiment

Score: 6

Explanation: Neutral sentiment as this is a routine filing related to executive compensation and tax obligations.

Positives

• The vesting of RSUs indicates that Choi is meeting the conditions of her employment agreement.
• Participation in the Employee Stock Purchase Plan demonstrates confidence in the company's future.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Comparison to Industry Standards

• Similar to other publicly traded companies, Coinbase uses restricted stock units (RSUs) as part of its compensation packages for executives.
• The vesting schedules and terms of these RSUs are generally in line with industry standards for technology companies.

Stakeholder Impact

• Shareholders are informed about the stock transactions of a key executive.
• Employees may be interested in the details of the Employee Stock Purchase Plan.

Key Dates

Keywords

Form 4, Coinbase, Emilie Choi, RSU, Stock, Beneficial Ownership, Class A Common Stock, Employee Stock Purchase Plan, Tax Withholding