Form 4: Coinbase Director Kathryn Haun Sells Shares Under 10b5-1 Trading Plan

Kathryn Haun, a director at Coinbase Global, Inc., sold shares of Class A Common Stock under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Kathryn Haun, a director of Coinbase Global, Inc., reported the sale of Class A Common Stock.
• The transactions occurred on March 8, 2024, and March 11, 2024.
• The sales were executed under a Rule 10b5-1 trading plan adopted on June 2, 2023.
• On March 8, 2024, 5,000 shares were sold at $249 per share.
• On March 8, 2024, 3,443 shares were sold at $249 per share.
• On March 11, 2024, 1,759 shares were sold at $270 per share.
• Following these transactions, Haun directly owns 88,871 shares and indirectly owns 42,869 shares through Gherardesca LLC.
• Haun disclaims beneficial ownership of shares held by Gherardesca LLC except to the extent of her pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to stock sales by a company director under a pre-arranged trading plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by insiders are a common occurrence and are often pre-planned to avoid accusations of trading on inside information. The use of a 10b5-1 trading plan is a standard practice for corporate insiders.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates