SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Ehrsam Frederick Ernest III

(Last)

(First)

(Middle)

C/O COINBASE GLOBAL, INC.

(Street)

NOT APPLICABLE

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Coinbase Global, Inc. [ COIN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
04/22/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	04/22/2021		S		400	D	$288.005⁽¹⁾	2,085,475	I	By The Frederick Ernest Ehrsam III Living Trust
Class A Common Stock	04/22/2021		S		1,938	D	$289.8646⁽²⁾	2,083,537	I	By The Frederick Ernest Ehrsam III Living Trust
Class A Common Stock	04/22/2021		S		4,252	D	$290.776⁽³⁾	2,079,285	I	By The Frederick Ernest Ehrsam III Living Trust
Class A Common Stock	04/22/2021		S		7,700	D	$291.993⁽⁴⁾	2,071,585	I	By The Frederick Ernest Ehrsam III Living Trust
Class A Common Stock	04/22/2021		S		5,761	D	$293.0129⁽⁵⁾	2,065,824	I	By The Frederick Ernest Ehrsam III Living Trust
Class A Common Stock	04/22/2021		S		13,018	D	$294.0912⁽⁶⁾	2,052,806	I	By The Frederick Ernest Ehrsam III Living Trust
Class A Common Stock	04/22/2021		S		13,870	D	$294.9101⁽⁷⁾	2,038,936	I	By The Frederick Ernest Ehrsam III Living Trust
Class A Common Stock	04/22/2021		S		5,979	D	$295.873⁽⁸⁾	2,032,957	I	By The Frederick Ernest Ehrsam III Living Trust
Class A Common Stock	04/22/2021		S		2,254	D	$296.6323⁽⁹⁾	2,030,703	I	By The Frederick Ernest Ehrsam III Living Trust
Class A Common Stock	04/22/2021		S		2,947	D	$297.9563⁽¹⁰⁾	2,027,756	I	By The Frederick Ernest Ehrsam III Living Trust
Class A Common Stock	04/22/2021		S		671	D	$299.4068⁽¹¹⁾	2,027,085	I	By The Frederick Ernest Ehrsam III Living Trust
Class A Common Stock	04/22/2021		S		200	D	$299.64	2,026,885	I	By The Frederick Ernest Ehrsam III Living Trust
Class A Common Stock	04/22/2021		S		7,016	D	$308.2581⁽¹²⁾	2,019,869	I	By The Frederick Ernest Ehrsam III Living Trust
Class A Common Stock	04/22/2021		S		2,375	D	$309.5027⁽¹³⁾	2,017,494	I	By The Frederick Ernest Ehrsam III Living Trust
Class A Common Stock	04/22/2021		S		1,804	D	$310.4463⁽¹⁴⁾	2,015,690	I	By The Frederick Ernest Ehrsam III Living Trust
Class A Common Stock	04/22/2021		S		300	D	$311.3517⁽¹⁵⁾	2,015,390	I	By The Frederick Ernest Ehrsam III Living Trust
Class A Common Stock	04/22/2021		S		200	D	$313.3875⁽¹⁶⁾	2,015,190	I	By The Frederick Ernest Ehrsam III Living Trust
Class A Common Stock								2,544,755	I	By Paradigm Fund, L.P.⁽¹⁷⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Represents the weighted average sale price. The lowest price at which shares were sold was $287.52 and the highest price at which shares were sold was $288.40. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Isuer or its stockholders, full information regarding the total number of shares sold at each separate price within the ranges set forth in footnotes (1) through (16) to this Form 4.

2. Represents the weighted average sale price. The lowest price at which shares were sold was $289.36 and the highest price at which shares were sold was $290.35.

3. Represents the weighted average sale price. The lowest price at which shares were sold was $290.39 and the highest price at which shares were sold was $291.34.

4. Represents the weighted average sale price. The lowest price at which shares were sold was $291.44 and the highest price at which shares were sold was $292.415.

5. Represents the weighted average sale price. The lowest price at which shares were sold was $292.45 and the highest price at which shares were sold was $293.44.

6. Represents the weighted average sale price. The lowest price at which shares were sold was $293.45 and the highest price at which shares were sold was $294.44.

7. Represents the weighted average sale price. The lowest price at which shares were sold was $294.45 and the highest price at which shares were sold was $295.42.

8. Represents the weighted average sale price. The lowest price at which shares were sold was $295.47 and the highest price at which shares were sold was $296.43.

9. Represents the weighted average sale price. The lowest price at which shares were sold was $296.47 and the highest price at which shares were sold was $297.38.

10. Represents the weighted average sale price. The lowest price at which shares were sold was $297.50 and the highest price at which shares were sold was $298.48.

11. Represents the weighted average sale price. The lowest price at which shares were sold was $298.63 and the highest price at which shares were sold was $299.56.

12. Represents the weighted average sale price. The lowest price at which shares were sold was $308.00 and the highest price at which shares were sold was $308.98.

13. Represents the weighted average sale price. The lowest price at which shares were sold was $309.00 and the highest price at which shares were sold was $309.97.

14. Represents the weighted average sale price. The lowest price at which shares were sold was $310.00 and the highest price at which shares were sold was $310.95.

15. Represents the weighted average sale price. The lowest price at which shares were sold was $311.18 and the highest price at which shares were sold was $311.68.

16. Represents the weighted average sale price. The lowest price at which shares were sold was $313.275 and the highest price at which shares were sold was $313.50.

17. These shares are held by Paradigm Fund L.P. Paradigm Fund GP LLC, the general partner of Paradigm Fund L.P., has sole voting and investment power with regard to the shares held by Paradigm Fund L.P. The Frederick Ernest Ehrsam III Living Trust and Matt Huang are the managing members of Paradigm Fund GP LLC. The Reporting Person is the trustee of The Frederick Ernest Ehrsam III Living Trust. Shares held by Paradigm Fund L.P. include shares that may be subsequently sold by each of the each of Frederick Ernest Ehrsam III Living Trust and Matt Huang following in-kind distributions of shares by such entity. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any.

Remarks:

	/s/ Frederick Ernest Ehrsam III, by Doug Sharp, Attorney-in-Fact	04/26/2020
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.