Coinbase (COIN) CPO logs RSU vesting, tax share cancellation and LLC-held stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Coinbase Global, Inc. Chief People Officer Brock Lawrence reported routine equity compensation activity involving Class A common stock and restricted stock units (RSUs). RSUs vested and converted into 4,564, 2,734 and 4,402 shares of Class A common stock, while 5,084 shares at $193.45 per share were withheld to cover tax obligations related to vesting. Following these transactions, he holds 7,133 shares directly and 20,727 shares indirectly through 4JMB LLC, where he disclaims beneficial ownership except for any pecuniary interest. Multiple RSU awards continue to vest in equal quarterly installments over three years, subject to his continued service through dates ranging from February 2024 to February 2029.
Positive
- None.
Negative
- None.
Insights
Routine RSU vesting with tax withholding, not open-market trading.
The filing shows Brock Lawrence, Coinbase’s Chief People Officer, with RSUs vesting into Class A common stock and an associated tax-withholding share disposition. Code M entries reflect derivative exercises of RSUs, while the F code disposition covers taxes at $193.45 per share.
The footnotes state the F-code transaction is exempt under Section 16b-3(e) and that shares were cancelled in exchange for the issuer paying tax obligations, indicating no open-market sale. Remaining RSU balances and ongoing quarterly vesting schedules through dates such as November 20, 2026 and February 20, 2029 suggest continued equity-based compensation.
He now holds 7,133 Class A shares directly and 20,727 shares indirectly via 4JMB LLC, where he disclaims beneficial ownership except for any pecuniary interest. Overall, this appears to be standard compensation and tax mechanics rather than a directional bet on Coinbase stock.
Insider Trade Summary
11,700 shares exercised/converted
Mixed
8 txns
Insider
Brock Lawrence J
Role
Chief People Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,402 | $0.00 | -- |
| Exercise | Restricted Stock Units | 2,734 | $0.00 | -- |
| Exercise | Restricted Stock Units | 4,564 | $0.00 | -- |
| Exercise | Class A Common Stock | 4,402 | $0.00 | -- |
| Exercise | Class A Common Stock | 2,734 | $0.00 | -- |
| Exercise | Class A Common Stock | 4,564 | $0.00 | -- |
| Tax Withholding | Class A Common Stock | 5,084 | $193.45 | $983K |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 8,803 shares (Direct, null);
Class A Common Stock — 4,919 shares (Direct, null);
Class A Common Stock — 20,727 shares (Indirect, 4JMB LLC)
Footnotes (1)
- Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person. Includes 20 shares acquired on May 14, 2026, pursuant to the Issuer's 2021 Employee Stock Purchase Plan. Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs. These shares are held of record by 4JMB LLC, of which the Reporting Person is the sole member. The Reporting Person disclaims beneficial ownership of the shares owned by 4JMB LLC, except to the extent of his pecuniary interest therein, if any. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock. The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on February 20, 2024, until the award is fully vested on November 20, 2026, subject to the Reporting Person's continued service to the Issuer on each vesting date. RSUs do not expire; they either vest or are canceled prior to vesting date. The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on May 20, 2025, until the award is fully vested on February 20, 2028, subject to the Reporting Person's continued service to the Issuer on each vesting date. The RSUs vest in equal quarterly installments over three years, with the first 1/12 vesting on May 20, 2026, until the award is fully vested on February 20, 2029, subject to the Reporting Person's continued service to the Issuer on each vesting date.
Key Figures
Tax-withheld shares: 5,084 shares at $193.45
RSUs converted to stock (grant 1): 4,564 shares
RSUs converted to stock (grant 2): 2,734 shares
+5 more
8 metrics
Tax-withheld shares
5,084 shares at $193.45
Shares relinquished to cover RSU-related tax obligations
RSUs converted to stock (grant 1)
4,564 shares
Class A shares from RSU vesting on 2026-05-20
RSUs converted to stock (grant 2)
2,734 shares
Class A shares from RSU vesting on 2026-05-20
RSUs converted to stock (grant 3)
4,402 shares
Class A shares from RSU vesting on 2026-05-20
Direct Class A holdings
7,133 shares
Direct ownership after reported transactions
Indirect Class A holdings
20,727 shares
Held of record by 4JMB LLC
Remaining RSUs (grant example)
50,207 units
RSU balance after 4,564-unit conversion
Tax-withholding transactions
1 transaction, 5,084 shares
Summary count of F-code tax dispositions
Key Terms
Restricted Stock Units, Section 16b-3(e), Employee Stock Purchase Plan, pecuniary interest, +2 more
6 terms
Restricted Stock Units financial
"Vesting of restricted stock units ("RSUs") previously granted to the Reporting Person."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Section 16b-3(e) regulatory
"Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability"
Employee Stock Purchase Plan financial
"Includes 20 shares acquired on May 14, 2026, pursuant to the Issuer's 2021 Employee Stock Purchase Plan."
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
pecuniary interest financial
"The Reporting Person disclaims beneficial ownership ... except to the extent of his pecuniary interest therein"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
FAQ
What did Coinbase (COIN) Chief People Officer Brock Lawrence report in this Form 4?
He reported RSU vesting that converted into Class A common stock and a related tax-withholding share disposition. The transactions reflect routine equity compensation mechanics rather than open-market buying or selling of Coinbase stock.
What RSU vesting schedules are disclosed for Brock Lawrence at Coinbase (COIN)?
Several RSU grants vest in equal quarterly installments over three years. Footnotes cite first vest dates on February 20, 2024, May 20, 2025, and May 20, 2026, with full vesting running through November 20, 2026 and February 20, 2028 and 2029, contingent on continued service.
Were Brock Lawrence’s Coinbase (COIN) transactions open-market stock sales or purchases?
No open-market trades are shown. The M-code entries are RSU conversions into Class A shares, and the F-code disposition reflects shares relinquished to pay tax obligations under Section 16b-3(e), rather than voluntary market sales or purchases.
What is 4JMB LLC’s role in Brock Lawrence’s Coinbase (COIN) holdings?
4JMB LLC holds 20,727 Coinbase Class A shares of record. The filing notes Brock Lawrence is the sole member but disclaims beneficial ownership of those shares, except to the extent of any pecuniary interest he may have in the LLC’s holdings.