4/A: Coinbase Executive Corrects Stock Ownership After Option Exercise
SEC Filing
Jennifer N. Jones, Chief Accounting Officer of Coinbase Global, Inc., amended a previous Form 4 filing to correct the number of Class A Common shares owned following a stock option exercise.
Summary
- Jennifer N. Jones, Chief Accounting Officer of Coinbase Global, Inc., filed an amended Form 4 with the SEC.
- The amendment corrects the number of Class A Common shares owned following a stock option exercise on February 20, 2024.
- The original filing was made on February 22, 2024.
- The reported transaction was executed under a Rule 10b5-1 trading plan adopted on March 3, 2023.
- Jones exercised an option to acquire 290 shares of Class A Common Stock at a price of $74.63 per share.
- Following the transaction, Jones directly owns 31,440 shares of Class A Common Stock.
- Jones also holds options for 2,027 shares of Class A Common Stock.
- These options vest in equal quarterly installments until November 20, 2025.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing correcting a previous submission. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 2023/03/03 | Date of adoption of Rule 10b5-1 trading plan |
| 2023/05/20 | First vesting date of options |
| 2024/02/20 | Date of stock option exercise |
| 2024/02/22 | Date of original Form 4 filing |
| 2024/02/24 | Date of amended Form 4/A filing |
| 2025/11/20 | Final vesting date of options |
| 2033/02/05 | Expiration date of options |
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