Summary by Futu AI
Coinbase Global, Inc., a leading cryptocurrency exchange platform, has filed a Registration Statement on Form S-8 with the Securities and Exchange Commission (SEC) on February 15, 2024. The filing is intended to register additional shares for the company's 2021 Equity Incentive Plan and 2021 Employee Stock Purchase Plan. Specifically, Coinbase is registering 12,127,929 additional shares of Class A common stock, which includes shares added through an annual automatic increase and repurchased unvested and forfeited shares. Additionally, 2,420,778 additional shares are being registered for the Employee Stock Purchase Plan. This move is part of Coinbase's strategy to incentivize and retain employees through equity compensation. The Registration Statement incorporates by reference the contents of Coinbase's previous filings, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2023. The company, which operates on a remote-first basis, has indicated that stockholder communications can be directed to their email or to their agent for service of process in Delaware.