Coinbase CEO Brian Armstrong and 2 Insiders File to Sell Up to $2B in Stock

Armstrong's plan covers about 60% of the 13.6 million shares, with the others being president Emilie Choi and board member Frederick Ehrsam. Coinbase CEO Brian Armstrong and two other insiders filed Rule 10b5-1 plans that let them schedule share sales in advance, with potential sales starting in November 2026 and January 2027. The filing covers up to 13.59 million Class A shares, and at the October 29 closing price of $160.59, they carry a notional value of about $2.18 billion. Armstrong’s Plan Accounts for Most of the Shares According to the document deposited with the SEC, Armstrong adopted his plan on August 12, and it allows for the sale of as many as 8.1 million shares tied to the exercise of vested stock options, with transactions scheduled to kick off around November 16, 2026, and go on until October 22, 2027, subject to price thresholds in the arrangement. The second insider looking to liquidate part of their holding is board member Frederick Ernest Ehrsam III, who entered into his plan on September 4. His covers up to 3.8 million Class A shares issuable when Class B shares held by his living trust are converted. Per the filing, the estimated start date is December 7, 2026,...