Form 4: Coinbase President & COO Emilie Choi Reports Stock Gift and Beneficial Ownership Changes

Emilie Choi, President & COO of Coinbase Global, Inc., reported a gift of 17,000 Class A Common Stock shares and changes in beneficial ownership through various trusts and LLCs.

Summary

• Emilie Choi, the President & COO of Coinbase Global, Inc., filed a Form 4 detailing changes in her beneficial ownership of the company's Class A Common Stock.
• On December 20, 2024, Choi gifted 17,000 shares of Class A Common Stock.
• Following the transaction, Choi directly owns 124,692 shares of Class A Common Stock.
• Choi also has indirect ownership through Sixers LLC (57,610 shares), Starvurst Exempt Trust (49,643 shares), and Starvurst Non-Exempt Trust (23,199 shares).
• Choi disclaims beneficial ownership of shares held by Sixers LLC and the Starvurst Trusts, except to the extent of her pecuniary interest.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting a stock gift and changes in beneficial ownership. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates changes in Emilie Choi's holdings of Coinbase stock.

Stakeholder Impact

• The transaction may have a minor impact on shareholders as it reflects an insider's activity, but the gift itself is unlikely to significantly alter the company's fundamentals.

Key Dates