As filed with the Securities and Exchange Commission on February 13, 2025
Registration No. 333-
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
Coinbase Global, Inc.
(Exact name of registrant as specified in its charter)
| Delaware | 46-4707224 | |||||||
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | |||||||
Brian Armstrong Chief Executive Officer and Chairman of the Board Coinbase Global, Inc. One Madison Avenue Suite 2400 New York, NY 10010 (Address of principal executive offices, including zip code)1 | ||||||||
Coinbase Global Inc. 2021 Equity Incentive Plan Coinbase Global Inc. 2021 Employee Stock Purchase Plan (Full titles of the plans) | ||||||||
Corporation Service Company 251 Little Falls Drive Wilmington, Delaware 19808 (302) 636-5401 (Name and address of agent for service) (Telephone number, including area code, of agent for service) | ||||||||
| Please send copies of all communications to: | ||||||||
Mark C. Stevens Michael A. Brown Ran D. Ben-Tzur Jennifer J. Hitchcock Fenwick & West LLP 730 Arizona Avenue, 1st Floor Santa Monica, California 90401 (310) 434-5400 | Paul Grewal Coinbase Global, Inc. One Madison Avenue Suite 2400 New York, NY 10010 | |||||||
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer ☒ | Accelerated filer ☐ | ||||||||||||||||
Non-accelerated filer ☐ | Smaller reporting company ☐ | ||||||||||||||||
Emerging growth company ☐ | |||||||||||||||||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐
1We are a remote-first company. Accordingly, we do not maintain a headquarters. We are including this address solely for the purpose of satisfying the Securities and Exchange Commission’s request. Stockholder communications may also be sent to the email address: [email protected].
REGISTRATION OF ADDITIONAL SHARES
PURSUANT TO GENERAL INSTRUCTION E
Pursuant to General Instruction E of Form S-8, Coinbase Global, Inc. (the “Registrant”) is filing this Registration Statement on Form S-8 (the “Registration Statement”) with the Securities and Exchange Commission (the “Commission”) to register (a) 12,682,137 additional shares of the Registrant’s Class A common stock available for issuance under the Registrant’s 2021 Equity Incentive Plan (the “2021 Plan”) resulting from (i) 12,681,989 additional shares of the Registrant’s Class A common stock available for issuance under the 2021 Plan pursuant to the provision of the 2021 Plan providing for an annual automatic increase in the number of shares reserved for issuance under the 2021 Plan and (ii) 148 additional shares of the Registrant’s Class A common stock available for issuance under the 2021 Plan as a result of the repurchase of unvested and forfeited shares of the Registrant’s Class A common stock acquired upon the exercise of stock options that were previously granted and early exercised under the Registrant’s 2019 Equity Incentive Plan pursuant to the terms of the 2021 Plan and (b) 2,536,397 additional shares of the Registrant’s Class A common stock available for issuance under the Registrant’s 2021 Employee Stock Purchase Plan (the “Purchase Plan”) pursuant to the provision of the Purchase Plan providing for an annual automatic increase in the number of shares reserved for issuance under the Purchase Plan. This Registration Statement hereby incorporates by reference the contents of the Registrant’s previous Registration Statements on Form S-8 filed with the Commission on April 1, 2021 (Registration No. 333-254967), February 25, 2022 (Registration No. 333-263003), February 21, 2023 (Registration No. 333-269892), and February 15, 2024 (Registration No. 333-277111). In accordance with the instructional note of Part I of Form S-8 as promulgated by the Commission, the information specified by Part I of Form S-8 has been omitted from this Registration Statement.
PART II
Information Required in the Registration Statement
Item 3. Incorporation of Documents by Reference.
The following documents filed by the Registrant with the Commission pursuant to the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended (the “Exchange Act”), are incorporated herein by reference:
(a)the Registrant’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, filed with the Commission on February 13, 2025;
(b)all other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act since the end of the fiscal year covered by the Registrant’s Annual Report referred to in (a) above; and
(c)the description of the Registrant’s Class A common stock contained in the Registrant’s Registration Statement on Form 8-A (Registration No. 001-40289) filed with the Commission on March 23, 2021 under Section 12(b) of the Exchange Act, including any amendments or reports filed for the purpose of updating such description, including Exhibit 4.10 to the Registrant’s Annual Report on Form 10-K referred to in (a) above.
All reports and documents filed by the Registrant pursuant to Section 13(a), 13(c), 14, or 15(d) of the Exchange Act subsequent to the filing of this Registration Statement and prior to the filing of a post-effective amendment, which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference into this Registration Statement and to be a part hereof from the date of the filing of such reports and documents, except as to specific sections of such reports or documents as set forth therein. Unless expressly incorporated into this Registration Statement, a report deemed to be furnished but not filed on a Current Report on Form 8-K prior or subsequent to the date hereof shall not be incorporated by reference into this Registration Statement. Any statement contained in a report or document incorporated or deemed to be
incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any subsequently filed report or document, which also is deemed to be incorporated by reference herein, modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.
Item 5. Interests of Named Experts and Counsel.
As of the date of this Registration Statement, individuals and entities associated with Fenwick & West LLP beneficially own an aggregate of less than 0.001% of the Registrant’s Class A common stock.
Item 8. Exhibits.
The following exhibits are filed herewith or incorporated by reference:
Exhibit Number | Exhibit Description | Incorporated by Reference | Filed Herewith | |||||||||||||||||||||||||||||||||||
| Form | File No. | Exhibit | Filing Date | |||||||||||||||||||||||||||||||||||
| 4.1 | S-8 | 333-254967 | 4.1 | 4/1/2021 | ||||||||||||||||||||||||||||||||||
| 4.2 | 8-K | 001-40289 | 3.1 | 2/1/2023 | ||||||||||||||||||||||||||||||||||
| 4.3 | S-1 | 333-253482 | 4.1 | 2/25/2021 | ||||||||||||||||||||||||||||||||||
| 5.1 | X | |||||||||||||||||||||||||||||||||||||
| 23.1 | X | |||||||||||||||||||||||||||||||||||||
| 23.2 | X | |||||||||||||||||||||||||||||||||||||
| 24.1 | X | |||||||||||||||||||||||||||||||||||||
| 99.1 | 10-K | 001-40289 | 10.4 | 2/13/2025 | ||||||||||||||||||||||||||||||||||
| 99.2 | 10-K | 001-40289 | 10.6 | 2/25/2022 | ||||||||||||||||||||||||||||||||||
| 99.3 | 10-K | 001-40289 | 10.5 | 2/13/2025 | ||||||||||||||||||||||||||||||||||
| 107.1 | X | |||||||||||||||||||||||||||||||||||||
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, on this 13th day of February, 2025.
COINBASE GLOBAL, INC. | |||||
| By: | /s/ Brian Armstrong | ||||
| Brian Armstrong | |||||
| Chief Executive Officer | |||||
POWER OF ATTORNEY
KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below hereby constitutes and appoints Brian Armstrong and Alesia J. Haas, and each of them, as his or her true and lawful attorney-in-fact and agent with the full power of substitution, for him or her in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement on Form S-8, and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorneys-in-fact and agents, and each of them full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully for all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or his or her substitutes, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons on behalf of the Registrant in the capacities and on the dates indicated.
Signature | Title | Date | ||||||||||||
/s/ Brian Armstrong | Chief Executive Officer and Chairman of the Board (Principal Executive Officer) | February 13, 2025 | ||||||||||||
Brian Armstrong | ||||||||||||||
/s/ Alesia Haas | Chief Financial Officer (Principal Financial Officer) | February 13, 2025 | ||||||||||||
Alesia Haas | ||||||||||||||
/s/ Jennifer N. Jones | Chief Accounting Officer (Principal Accounting Officer) | February 13, 2025 | ||||||||||||
Jennifer N. Jones | ||||||||||||||
/s/ Marc L. Andreessen | Director | February 13, 2025 | ||||||||||||
Marc L. Andreessen | ||||||||||||||
/s/ Paul Clement | Director | February 13, 2025 | ||||||||||||
Paul Clement | ||||||||||||||
/s/ Christa Davies | Director | February 13, 2025 | ||||||||||||
Christa Davies | ||||||||||||||
/s/ Frederick Ernest Ehrsam III | Director | February 13, 2025 | ||||||||||||
Frederick Ernest Ehrsam III | ||||||||||||||
/s/ Kelly Kramer | Director | February 13, 2025 | ||||||||||||
Kelly Kramer | ||||||||||||||
/s/ Chris Lehane | Director | February 13, 2025 | ||||||||||||
Chris Lehane | ||||||||||||||
/s/ Tobias Lütke | Director | February 13, 2025 | ||||||||||||
Tobias Lütke | ||||||||||||||
/s/ Gokul Rajaram | Director | February 13, 2025 | ||||||||||||
Gokul Rajaram | ||||||||||||||
| /s/ Fred Wilson | Director | February 13, 2025 | ||||||||||||
| Fred Wilson | ||||||||||||||