Coinbase executives file Rule 10b5‑1 plans to sell up to 13.6 million shares worth about $2.2 billion
Coinbase’s CEO Brian Armstrong, President Emilie Choi and director Frederick Ehrsam filed Rule 10b5‑1 trading plans covering 13,594,519 Class A shares valued at roughly $2.18‑$2.2 billion based on the October 29 close. Armstrong may sell up to 8,167,446 shares between Nov 16 2026 and Oct 22 2027, while Ehrsam and Choi have windows extending into mid‑2027. The filing was made during an open trading window and was disclosed alongside a Q3 revenue decline of 35% to $1.22 billion.
Why it matters
The plans could add supply of COIN shares if price targets are met, potentially pressuring the stock price. The company notes the plans are subject to high price thresholds, so immediate impact depends on future market levels.
Key facts
- 1The three executives filed plans covering 13,594,519 identified shares valued at about $2.18 billion at the Oct 29 close. econotimes.com
- 2Armstrong’s plan permits sale of up to 8,167,446 shares from Nov 16 2026 through Oct 22 2027, subject to price conditions. econotimes.com
- 3Ehrsam’s plan covers up to 3,866,620 shares from Dec 7 2026 through Jun 7 2027. econotimes.com
- 4Choi’s plan allows sale of up to 1,560,453 shares from Jan 4 2027 through Dec 31 2027. econotimes.com
- 5Coinbase reported Q3 revenue fell 35% year‑over‑year to $1.22 billion. tokenist.com
- 6COIN shares dropped 11% to $142.73 after the filing was disclosed. tokenist.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.