Coinbase C-Level Equity Changes Amid Restructuring: CFO Sells Shares Worth Billions, CLO RSU Vesting

Coinbase Global, Inc. (NASDAQ: COIN) Chief Financial Officer Alesia J. Haas sold 9,750 shares of the company’s Class A common stock on May 15 at approximately $205.64 per share, generating roughly $2 million (about ₩2.8 billion) in proceeds. The sale was made under a 10b5-1 trading plan established in September 2025. After the transaction, Haas still holds approximately 367,000 shares, representing about $75.6 million (roughly ₩1 trillion) based on the disclosed price.
On May 20, a number of restricted stock units (RSUs) vested for both Chief Legal Officer Paul Grewal and Haas, triggering share withholding to cover tax obligations. Grewal returned shares valued at about $14.9 million (approximately ₩2.1 billion) to the company, and Haas had a portion of her vested shares netted to satisfy tax withholding. All of these transactions were conducted internally in accordance with existing compensation and tax schedules and were duly disclosed.

In related news, on May 5 Coinbase announced a restructuring plan that will reduce its global workforce by about 14%—roughly 700 employees. The company expects the reorganization, which will be largely completed this quarter, to incur costs of $50 million to $60 million (around ₩70 billion to ₩80 billion). This effort aims to streamline operations while realigning the organization around artificial intelligence initiatives.

Founded in 2012 and listed on Nasdaq in 2021, Coinbase is a U.S.-based global cryptocurrency exchange offering spot and derivatives trading for major digital assets such as Bitcoin and Ethereum, as well as custody and institutional services. The U.S. Securities and Exchange Commission’s lawsuit alleging unregistered exchange activity—filed in 2023—was withdrawn in 2025, easing some regulatory uncertainty. Nevertheless, Coinbase’s business remains highly sensitive to changes in the U.S. virtual-asset regulatory landscape.