Coinbase Executives Set Stock Reduction Plans, May Sell Up to 13.6 Million COIN Shares Worth Approximately $2.2 Billion
Odaily Report: According to documents filed by Coinbase with the U.S. Securities and Exchange Commission (SEC) for the third quarter, CEO Brian Armstrong, co-founder Fred Ehrsam, and President Emilie Choi have established Rule 10b5-1 trading plans permitting them to sell up to 13.6 million shares of Coinbase stock (COIN), valued at approximately $2.2 billion based on the closing price on October 29.
Among these, Armstrong's plan covers up to 8.17 million shares, with a selling period from November 16, 2026 to October 2027, and specific transactions must meet predetermined price conditions. The above are all pre-established potential reduction plans and do not represent that the relevant shares have actually been sold.
