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COINCoinbase Global, Inc. · Insider ownership research

Coinbase Global, Inc. insiders sold $335M in the past 12 months. How much of their stake is that?

About 1.4% overall. As a group they still hold 99% of their starting shares.

Updated Oct 8, 2026 from SEC filings · covers Oct 9, 2025 to Oct 8, 2026
How this comparesMore of their stake sold than at 50 of the 156 other companies we can measure (#107 of 157)See ranking
0
buyers among officers and directors, past 12 months
100%
of sales were under disclosed trading plans, past 12 months
9 of 16
officers and directors sold shares, past 12 months
Recent activity · past 30 days, Sep 9, 2026 to Oct 8, 2026
Oct 2, 2026Marc Andreessen sold 6.8K shares ($1.4M) under a disclosed trading plan. That is 0.6% of the total stake held that day.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Marc Andreessen
Director
6,838$198.000.6%1.11MOct 2, 2026Oct 5, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Oct 1, 2026Marc Andreessen sold 14K shares ($2.5M) under a disclosed trading plan. That is 1.2% of the total stake held that day.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Marc Andreessen
Director
13,676$186.181.2%1.12MOct 1, 2026Oct 5, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Sep 21, 20262 insiders sold 46K shares ($9.4M) under a disclosed trading plan. That is between 0.6% and 10% of each person's total stake held that day.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Alesia Haas
Chief Financial Officer
39,030$205.2410%345KSep 21, 2026Sep 23, 2026
Marc Andreessen
Director
6,838$205.050.6%1.13MSep 21, 2026Sep 23, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Is this normal? Less than usual: about half of the 4-year average. 9 insiders sold; the average is 8 a year. Year by year
Latest filing: Filed Oct 5 for a sale from Oct 1 to Oct 2. Marc Andreessen sold 21K shares ($3.9M) under a disclosed plan. Filing
90 SEC ownership filings in the period · See the evidence

What stands out

Paul Grewal sold 16K shares (8.9% of starting holdings), but 37K more vested, so the stake grew (from 183K to 185K).Largest sale, Nov 25, 2025

Percentages cover 10 of 16 officers and directors. 6 are left out

i
Left out: Emilie Choi, Alesia Haas and Lawrence Brock (most of their shares vested during the period, so a percentage would mislead); Frederick Wilson (holdings couldn't be fully reconciled); Jennifer Jones and Anthony Armstrong (held no vested shares at the start).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is the insider's vested stake at the start of the period (Oct 8, 2025). The gold part is what they sold.

SoldRest of starting stakeAdded during the period
Frederick Ehrsam III
Director
1.6% · $114MDisclosed plan
Alesia Haas
Chief Financial Officer
No bar: most of their shares vested during the period, so a percentage would mislead.
$80.6MDisclosed plan
Brian Armstrong
Chairman and CEO, Director
1.1% · $77.6MDisclosed plan
Emilie Choi
President & COO
No bar: most of their shares vested during the period, so a percentage would mislead.
$31.1MDisclosed plan
Frederick Wilson
Director
No bar: holdings couldn't be fully reconciled.
$14.6MDisclosed plan
All 9 sellers

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

Disclosed planTo cover taxesNo plan disclosed
Oct 2025: $11.2M under a disclosed planOctNov 2025: $190M under a disclosed plan$190MNovDec 2025: $27.8M under a disclosed planDecJan 2026: $15.7M under a disclosed planJanFeb 2026: $57.6M under a disclosed planFebMar 2026: $4.0M under a disclosed planMarApr 2026: $2.0M under a disclosed planAprMay 2026: $3.6M under a disclosed planMayJun 2026: $2.1M under a disclosed planJunJul 2026: $1.6M under a disclosed planJulAug 2026: $1.9M under a disclosed planAugSep 2026: $13.7M under a disclosed planSepOct 2026: $3.9M under a disclosed planOct

Outside holders, reported separately

Frederick Wilson (for the outside shareholder represented on the board) sold $3.6M in the past 12 months. Large shareholders and the funds or companies that board members represent are not part of management, so they are left out of the figures above.

Details

Common questions

Is the Coinbase Global, Inc. CEO selling stock?

Yes. Brian Armstrong sold 275K shares ($77.6M, 1.1% of starting holdings) in the past 12 months, all of it under a trading plan disclosed in the filings.

Why are Coinbase Global, Inc. insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 100% of sales by value ran under 10b5-1 trading plans disclosed in the filings. A trading plan schedules sales in advance.

Are any Coinbase Global, Inc. insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

How much of their stake did Coinbase Global, Inc. insiders sell?

About 1.4% overall. As a group they still hold 99% of their starting shares. That covers the 12 months to Oct 8, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold9 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Frederick Ehrsam III
Director
$114M
371K shares
1.6%Disclosed plan
Alesia Haas
Chief Financial Officer
$80.6M
472K shares
i
No percentage: most of their shares vested during the period, so a percentage would mislead.
Disclosed plan
Brian Armstrong
Chairman and CEO, Director
$77.6M
275K shares
1.1%Disclosed plan
Emilie Choi
President & COO
$31.1M
100K shares
i
No percentage: most of their shares vested during the period, so a percentage would mislead.
Disclosed plan
Frederick Wilson
Director
$14.6M
70K shares
i
No percentage: holdings couldn't be fully reconciled.
Disclosed plan
Marc Andreessen
Director
$7.8M
41K shares
3.6%Disclosed plan
Paul Grewal
Chief Legal Officer
$3.8M
16K shares
8.9%Disclosed plan
Lawrence Brock
Chief People Officer
$3.5M
17K shares
i
No percentage: most of their shares vested during the period, so a percentage would mislead.
Disclosed plan
Jennifer Jones
Chief Accounting Officer
$1.5M
7.9K shares
i
No percentage: held no vested shares at the start.
Disclosed plan

Board members representing outside shareholders, reported separately: Frederick Ehrsam III, Marc Andreessen, Frederick Wilson (the shareholder sold $3.6M). Details

The full ownership picture15 of 16 insiders fully reconciled · 15 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 8, 2025SoldHeld Oct 8, 2026Still held
Brian Armstrong
i
Minor difference of -25,000 shares. Difference is under 0.5% of holdings. Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Chairman and CEO, Director
25.74M−275K25.64M99.6%
Vesting, gifts, unvested awards and holding lines for Brian Armstrong
+200Kshares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock00
Brian Armstrong Living TrustClass A Common Stock526526
Brian Armstrong Living TrustClass B Common Stock22,781,22522,681,225
Ehrsam 2014 Irrevocable TrustClass B Common Stock2,958,3932,958,393

Additional holdings last reported Jul 5, 2023, not confirmed since: 950,490 shares. Not included in any total or percentage on this page.

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
2,553,924$18.71Oct 30, 2029$458M

Estimate: options held × ($198.00 − strike price), using the most recent insider trade price on Form 4 (Oct 2, 2026), not a market close.

Reconciliation: minor difference of -25,000 shares. Difference is under 0.5% of holdings.

Frederick Ehrsam III
i
Minor difference of -1,375 shares. Difference is under 0.5% of holdings. Shares held through Paradigm Fund, LP, Paradigm One LP belong to an outside shareholder this director represents; they are listed under "Board members representing outside shareholders", not here.
Director
23.83M−371K23.47M98%
Vesting, gifts, unvested awards and holding lines for Frederick Ehrsam III
+1.1Kshares vested or exercised
0gifted (net of own trusts)
1.1K → 2.3Kunvested awards, start → end
  • Shares held through Paradigm Fund, LP, Paradigm One LP belong to an outside shareholder this director represents; they are listed under "Board members representing outside shareholders", not here.
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock11,8811,150
Frederick Ernest Ehrsam Living TrustClass A Common Stock13,06913,069
Frederick Ernest Ehrsam II Living TrustClass A Common Stock2,2052,205
Frederick Ernest Ehrsam III Living TrustClass A Common Stock00
FE Management LPClass A Common Stock011,881
Brian Armstrong 2018 Irrevocable TrustClass B Common Stock7,301,8337,301,833
Armstrong 2018 Irrevocable TrustClass B Common Stock7,301,8337,301,833
Frederick Ernest Ehrsam III Living TrustClass B Common Stock5,882,4125,511,848
Armstrong 2014 Irrevocable TrustClass B Common Stock2,719,5742,719,574
Brian Armstrong Legacy TrustClass B Common Stock601,637601,637
Frederick Ernest Ehrsam III Living TrustClasss A Common Stock400400

Reconciliation: minor difference of -1,375 shares. Difference is under 0.5% of holdings.

Marc Andreessen
i
Shares held through AH Capital Management, L.L.C, AH Parallel Fund III, L.P, Andreessen Horowitz Fund III, L.P and others belong to an outside shareholder this director represents; they are listed under "Board members representing outside shareholders", not here.
Director
1.15M−41K1.11M97%
Vesting, gifts, unvested awards and holding lines for Marc Andreessen
+1.1Kshares vested or exercised
0gifted (net of own trusts)
1.1K → 2.3Kunvested awards, start → end
  • Shares held through AH Capital Management, L.L.C, AH Parallel Fund III, L.P, Andreessen Horowitz Fund III, L.P and others belong to an outside shareholder this director represents; they are listed under "Board members representing outside shareholders", not here.
Held throughShare classOct 8, 2025Oct 8, 2026
TrustClass A Common Stock1,148,8501,108,972
AD Holdings, LLCClass A Common Stock2,5682,568
Emilie Choi
i
Minor difference of 47 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer). Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
President & COO
318K−100K699Knot meaningful
Vesting, gifts, unvested awards and holding lines for Emilie Choi
+754Kshares vested or exercised
0gifted (net of own trusts)
−374Kwithheld by the company for taxes
271K → 671Kunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock187,802568,122
Sixers LLCClass A Common Stock57,61057,610
Starvurst Exempt TrustClass A Common Stock49,64349,643
Starvurst Non-Exempt TrustClass A Common Stock23,19923,199
DirectClass B Common Stock00

Additional holdings last reported Feb 20, 2023, not confirmed since: 51,046 shares. Not included in any total or percentage on this page.

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
10,000$6.97Apr 30, 2028$1.9M
774,332$18.71Oct 30, 2029$139M

Estimate: options held × ($198.00 − strike price), using the most recent insider trade price on Form 4 (Oct 2, 2026), not a market close.

Reconciliation: minor difference of 47 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Frederick Wilson
!
Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: -10,000 shares on Jun 1, 2026 (Fred and Joanne Wilson 2012 Delaware Trust). See the filing Sales and other transactions for Frederick Wilson are complete.
Director
n/a−70Kn/an/a
Vesting, gifts, unvested awards and holding lines for Frederick Wilson
0shares vested or exercised
0gifted (net of own trusts)
0 → 2.8Kunvested awards, start → end
  • Held through FJW Partners, LLC; the director disclaims ownership beyond their own interest.
  • Shares held through FRW 2012, LLC, FRW 2014, LLC, USV 2024, LP and others belong to an outside shareholder this director represents; they are listed under "Board members representing outside shareholders", not here.

Holdings couldn't be fully reconciled. Balance changed without a matching transaction, and the footnote does not state the amount: -10,000 shares on Jun 1, 2026 (Fred and Joanne Wilson 2012 Delaware Trust). The balances below are as reported, not verified totals.

Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock214,973184,973
Fred and Joanne Wilson 2012 Delaware TrustClass A Common Stock50,0000
FJW Partners, LLCClass A Common Stock2,4162,416
Tobias Lutke
Director
222K0223Kno sales
Vesting, gifts, unvested awards and holding lines for Tobias Lutke
+1.1Kshares vested or exercised
0gifted (net of own trusts)
1.1K → 2.2Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock13,48514,585
7910240 Canada IncClass A Common Stock208,830208,830
Paul Grewal
i
Minor difference of 102 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).
Chief Legal Officer
183K−16K185K+1.3%
Vesting, gifts, unvested awards and holding lines for Paul Grewal
+37Kshares vested or exercised
0gifted (net of own trusts)
−18Kwithheld by the company for taxes
141K → 165Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock82,32884,753
DirectClasss A Common Stock100,453100,453

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
241,722$26.26Sep 20, 2030$41.5M
54,639$74.63Feb 5, 2033$6.7M
241,722$26.26Sep 20, 2030$41.5M
141,722$26.26Sep 20, 2030$24.3M

Estimate: options held × ($198.00 − strike price), using the most recent insider trade price on Form 4 (Oct 2, 2026), not a market close.

Reconciliation: minor difference of 102 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Alesia Haas
Chief Financial Officer
94K−472K345Knot meaningful
Vesting, gifts, unvested awards and holding lines for Alesia Haas
+132Kshares vested or exercised
0gifted (net of own trusts)
−27Kwithheld by the company for taxes
141K → 169Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock89,220345,376
ACB 2021, LLCClass A Common Stock5,2260
DirectClass B Common Stock00
Kelly Kramer
Director
34K035Kno sales
Vesting, gifts, unvested awards and holding lines for Kelly Kramer
+1.3Kshares vested or exercised
0gifted (net of own trusts)
1.3K → 2.7Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock33,65134,919
Lawrence Brock
i
Minor difference of 39 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).
Chief People Officer
21K−17K21Knot meaningful
Vesting, gifts, unvested awards and holding lines for Lawrence Brock
+29Kshares vested or exercised
0gifted (net of own trusts)
−12Kwithheld by the company for taxes
101K → 127Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock478517
4JMB LLCClass A Common Stock20,72720,727

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
3$17.87Apr 16, 2029$540
20,498$214.50Feb 9, 2032$0
19,878$74.63Feb 5, 2033$2.5M

Estimate: options held × ($198.00 − strike price), using the most recent insider trade price on Form 4 (Oct 2, 2026), not a market close.

Reconciliation: minor difference of 39 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Christa Davies
Director
19K021Kno sales
Vesting, gifts, unvested awards and holding lines for Christa Davies
+1.9Kshares vested or exercised
0gifted (net of own trusts)
−145withheld by the company for taxes
2.7K → 3.1Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock2,0003,770
Irrevocable TrustClass A Common Stock17,00017,000
Gokul Rajaram
Director
11K012Kno sales
Vesting, gifts, unvested awards and holding lines for Gokul Rajaram
+1.2Kshares vested or exercised
0gifted (net of own trusts)
1.2K → 2.5Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock1,4921,234
Rajaram Family Revocable TrustClass A Common Stock9,19510,687
Paul Clement
Director
2K03.9Kno sales
Vesting, gifts, unvested awards and holding lines for Paul Clement
+1.9Kshares vested or exercised
0gifted (net of own trusts)
2.7K → 748unvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock2,0003,915
Chris Lehane
Director
1.9K03.8Kno sales
Vesting, gifts, unvested awards and holding lines for Chris Lehane
+1.8Kshares vested or exercised
0gifted (net of own trusts)
2.6K → 3Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock1,9283,776
Jennifer Jones
Chief Accounting Officer
0−7.9K0not meaningful
Vesting, gifts, unvested awards and holding lines for Jennifer Jones
+17Kshares vested or exercised
0gifted (net of own trusts)
−9.1Kwithheld by the company for taxes
51K → 59Kunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
DirectClass A Common Stock00

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
5,515$18.13Apr 28, 2030$992K
466$214.50Feb 9, 2032$0
1,339$74.63Feb 5, 2033$165K
1,449$74.63Feb 5, 2033$179K
2,027$74.63Feb 5, 2033$250K

Estimate: options held × ($198.00 − strike price), using the most recent insider trade price on Form 4 (Oct 2, 2026), not a market close.

15 of 16 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (10 exactly, 5 with a minor or footnoted difference). For 1 we show sales but not holdings; the ! icon on that row explains why. Percentages cover 10 of 16 officers and directors. Left out: Emilie Choi, Alesia Haas and Lawrence Brock (most of their shares vested during the period, so a percentage would mislead); Frederick Wilson (holdings couldn't be fully reconciled); Jennifer Jones and Anthony Armstrong (held no vested shares at the start). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$335M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $335M across 1,370,186 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

Taxes

$56.5M of sales (16.9%) cite tax obligations in their footnotes, $56.5M of them also under a plan. Separately, 440,088 shares ($91.1M) were withheld by the company for taxes, which isn't a market sale. Example: Alesia Haas, Feb 6, 2026

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Frederick Ehrsam III
Director
371K$114M100%34%Nov 6, 2025 to Jan 15, 2026
Alesia Haas
Chief Financial Officer
472K$80.6M100%24%Oct 15, 2025 to Sep 21, 2026
Brian Armstrong
Chairman and CEO, Director
275K$77.6M100%23%Oct 13, 2025 to Jan 5, 2026
Emilie Choi
President & COO
100K$31.1M100%9%Nov 11, 2025 to Nov 11, 2025
Frederick Wilson
Director
70K$14.6M100%4%Nov 6, 2025 to Sep 1, 2026
Marc Andreessen
Director
41K$7.8M100%2%Sep 8, 2026 to Oct 2, 2026
Paul Grewal
Chief Legal Officer
16K$3.8M100%1%Nov 25, 2025 to May 27, 2026
Lawrence Brock
Chief People Officer
17K$3.5M100%1%Nov 24, 2025 to May 22, 2026
Jennifer Jones
Chief Accounting Officer
7.9K$1.5M100%0.5%Nov 20, 2025 to Aug 24, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$11.2M$11.2M$0$0
Nov 2025$190M$190M$0$0
Dec 2025$27.8M$27.8M$0$0
Jan 2026$15.7M$15.7M$0$0
Feb 2026$57.6M$57.6M$0$0
Mar 2026$4.0M$4.0M$0$0
Apr 2026$2.0M$2.0M$0$0
May 2026$3.6M$3.6M$0$0
Jun 2026$2.1M$2.1M$0$0
Jul 2026$1.6M$1.6M$0$0
Aug 2026$1.9M$1.9M$0$0
Sep 2026$13.7M$13.7M$0$0
Oct 2026$3.9M$3.9M$0$0
Board members representing outside shareholders (3)Listed and sourced; not part of the management totals or the answer line

Directors whose reported holdings sit mostly in an investment fund or a corporate shareholder they represent, not in their own name, with beneficial ownership disclaimed except for their own financial interest. Listed and sourced here; not part of the management totals or the answer line. Shares a fund hands to its own investors are distributions, not sales.

Board memberHeld Oct 8, 2025SoldHeld Oct 8, 2026Still held
Frederick Ehrsam III
Director
4.52M04.52Mno sales
Vesting, gifts, unvested awards and holding lines for Frederick Ehrsam III
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
Paradigm Fund, LPClass A Common Stock2,583,7522,583,752
Paradigm One LPClass A Common Stock1,931,8441,931,844
Marc Andreessen
!
Most of this insider's holdings were last confirmed in 2021. Confirmed in the last three years: 2,263,232 shares. Not confirmed since: 11,754,883 shares, left out of this row. "Still held" is not shown because it would cover only the smaller, confirmed part.
Director
2.26M02.26Msee note
Vesting, gifts, unvested awards and holding lines for Marc Andreessen
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • Additional holdings last reported more than 3 years ago are shown separately and excluded from totals.
Held throughShare classOct 8, 2025Oct 8, 2026
Andreessen Horowitz LSV Fund I, L.PClass A Common Stock2,263,2322,263,232

Additional holdings last reported Dec 20, 2021, not confirmed since: 11,754,883 shares. Not included in any total or percentage on this page.

Frederick Wilson
Director
0−25K0not meaningful
Vesting, gifts, unvested awards and holding lines for Frederick Wilson
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 8, 2025Oct 8, 2026
USV 2024, LPClass A Common Stock00
USV Investors 2024, LPClass A Common Stock00
Is this normal? Selling year by year4 earlier years to compare with

Less than usual: about half of the 4-year average. 9 insiders sold; the average is 8 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 8, 2026
Latest 12 months
1.37M9$335M
Oct 8, 2025
1 year earlier
3.94M9$1.26B
Oct 8, 2024
2 years earlier
4.24M10$789M
Oct 9, 2023
3 years earlier
1.36M6$81.9M
Oct 9, 2022
4 years earlier
1.03M6$327M
Oct 9, 2021
5 years earlier · filings don't cover the whole year
3.71M9$1.26B

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty1 insider whose holdings couldn't be fully reconciled

Frederick Wilson: holdings couldn't be fully reconciled (difference of -10,000 shares). Balance changed without a matching transaction, and the footnote does not state the amount: -10,000 shares on Jun 1, 2026 (Fred and Joanne Wilson 2012 Delaware Trust). Filing, Jun 1, 2026

Footnote: "The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 18, 2026, during an open trading window. | Represents the weighted average sale price. The lowest price at which shares were sold was $176.70 and the highest price at which shares were sold was $177.50. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the ranges set forth in fo"

Brian Armstrong: minor difference of -25,000 shares. Difference is under 0.5% of holdings.

Frederick Ehrsam III: minor difference of -1,375 shares. Difference is under 0.5% of holdings.

Emilie Choi: minor difference of 47 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Paul Grewal: minor difference of 102 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Lawrence Brock: minor difference of 39 shares. Difference is stated in footnotes (unreported vesting, exempt acquisition or transfer).

Inferred rename: "Paradigm Fund, L.P" is treated as the same holder as "Paradigm Fund, LP", because the old name was never reported again and the new one opened with the same balance (2,583,752 shares). Old name, new name

Inferred rename: "Armstrong 2018 Irrevocable Trsut" is treated as the same holder as "Armstrong 2018 Irrevocable Trust", because the old name was never reported again and the new one opened with the same balance (7,301,833 shares). Old name, new name

Inferred rename: "Union Square Ventures 2012 Fund, L.P" is treated as the same holder as "Union Square Ventures 2012 Fund, LP", because the old name was never reported again and the new one opened with the same balance (3,924,059 shares). Old name, new name

Inferred typo: the share class "Class A Cpmmon Stock" is treated as the same class as "Class A Common Stock" on 1 holding line, because the two spellings are nearly identical and each balance carried over exactly. Example (Lawrence Brock, 20,727 shares): old title, new title

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology725 filings from SEC EDGAR, and how we read them

All 725 Forms 3, 4 and 5 filed for Coinbase Global, Inc. (SEC CIK 1679788) from Apr 1, 2021 to Oct 5, 2026, retrieved from SEC EDGAR on Oct 8, 2026. Prices are the ones reported in each filing, often weighted averages.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (6)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Kathryn HaunJun 18, 2024237,415 shares, last reported balance as of Jun 14, 2024
Kathryn HaunJun 18, 20242,263,232 shares, last reported balance as of Nov 23, 2021
Surojit ChatterjeeNov 22, 20229,832 shares, last reported balance as of Nov 20, 2022
a16z Seed-III, LLCMay 25, 202114,860,591 shares, last reported balance as of May 21, 2021
Andreessen Horowitz LSV Fund I, L.P.May 25, 202114,860,591 shares, last reported balance as of May 21, 2021
Union Square Ventures 2012 Fund, L.P.Apr 16, 2021No balance on record