---
schema_version: "secwatch.filing_event.v1"
accession: "0001679788-22-000004"
form_type: "8-K"
ticker: "COIN"
cik: "0001679788"
company_name: "Coinbase Global, Inc."
filed_at: "2022-02-03T23:59:59+00:00"
generated_at: "2026-06-27T11:46:02.317675+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Coinbase appoints Shopify CEO Tobi Lütke to board; approves up to $5.1M in CEO security expenses

## Summary
- Tobi Lütke appointed to board effective Feb 2, 2022; receives 1,867 RSUs vesting over 3 years and 522 pro-rated RSUs.
- Compensation Committee approved up to $4.0M annually for CEO Brian Armstrong's personal security and IT support, plus tax gross-ups.
- One-time payment of up to $1.1M approved for 2022 for CEO security and IT improvements, with tax gross-ups.
- Lütke uses Coinbase platform as a customer in ordinary course; no other material interests.

## SEC filing metadata
- accession: 0001679788-22-000004
- form_type: 8-K
- ticker: COIN
- cik: 0001679788
- company_name: Coinbase Global, Inc.
- filed_at: 2022-02-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1679788/000167978822000004/0001679788-22-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1679788/000167978822000004/coin-20220131.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001679788-22-000004
- JSON: https://secwatch.observer/filing/0001679788-22-000004.json
- Plain text: https://secwatch.observer/filing/0001679788-22-000004.txt

## Key facts
- Executive change
  Tobi Lütke was appointed as Director at Coinbase Global, Inc..
  - Action: appointed
  - Role: Director
  source text: On February 2, 2022, the Board of Directors (the “Board”) of Coinbase Global, Inc. (the “Company”), following a recommendation from the Nominating and Corporate Governance Committee of the Board, appointed Tobi Lütke to serve as a director of the Company, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1679788/000167978822000004/0001679788-22-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.