Coinbase Insiders Plan to Sell Over $900 Million in Stock

Odaily News According to Barron's, Coinbase's global executives and directors recently approved a trading plan to sell more than $900 million worth of cryptocurrency trading platform shares. Among them, three Coinbase executives and two directors will sell up to 5 million shares. Based on Friday's closing price of $182.88, these shares are worth a total of $909 million. Company insiders adopt such plans to avoid being accused of bias due to possession of non-public information. When specific conditions such as price, volume, and time are met, the plan automatically executes the transaction. Coinbase disclosed the adoption of these trading plans in a filing with the Securities and Exchange Commission on October 30. The plan is expected to start on November 18 and end no later than November 14, 2025. These sales account for only a small part of insiders' total holdings in Coinbase.