Insider trade

Director Marc L Andreessen sold about $2.48M of Coinbase shares under a pre-set plan

Traded Sep 8, 2026 · Filed Sep 10, 2026

CoinbaseCOIN

~$2.48M
Reported value · 14K sh @ $181.1392: 1.14M
Holds after · shares reported: +5.8%
stock since the trade · S&P 500 -0.3%, $178.94 → $189.29 on Oct 1

Why it stands out

A board member of Coinbase sold $2.48M of Coinbase shares. It was planned long ago, so it says very little.

Sold under a plan set up in advance, so the timing wasn't a fresh decision
Sold 1% of their holdings
Routine for them: 5 sales in the past year
5 insiders at Coinbase sold within a month

Written from the filing's own figures. OQRO describes what was reported and never tells you what to buy or sell

View the official recordSEC Form 4 — Statement of Changes in Beneficial Ownership

All the details

Dates, kept separate

Transaction date: Sep 8, 2026
Reporting period: Not applicable
Filed with the SEC: Sep 10, 2026

DirectorIndirect holding$1M+Pre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$2,477,260

Shares × reported transaction price

Timing vs results

40 days after results of Jul 30, 2026

Results dates are the company's own 8-K (Item 2.02). Many companies only let insiders trade in a window after results

Price at the time

Closed at $178.94 on Sep 8, 2026, 27% above its 52-week low and 54% below its high, after a 7% rise over the previous 30 trading days

52-week range $141.09 (Feb 12, 2026) to $387.27 (Oct 8, 2025), 15% of the way up, from 251 adjusted closes. 30 trading days earlier: $167.49 on Jul 27, 2026. Describes the past only, not a forecast

Planned / mechanical clue

Footnote references a pre-arranged trading plan (Rule 10b5-1)

Only flagged when a footnote says so; never inferred

Securities lawsuit open at the trade date

A securities lawsuit naming the company as a defendant was filed on Nov 4, 2025 in the U.S. District Court, S.D. New York. A filing is an allegation, not a finding.

5 such cases were open. Heabeart v. Coinbase, Inc., docket 1:25-cv-09197, via CourtListener (court records). Nature of suit 850, company named as first defendant

After it was reported

After	Stock	S&P 500	Difference
7 days	+10.8%	-0.3%	+11.2%

Past results only. Not a forecast.

Source receipt

Record ID: 0001679788-26-000107
Filed / recorded: Sep 10, 2026, 8:17 PM UTC
Added to OQRO: Oct 1, 2026, 11:17 PM UTC
Parser: form4-xml-v1
Data quality: Verified: identifiers matched exactly
Issuer: Coinbase Global, Inc.
Issuer CIK: 1679788
Ticker: COIN
Reporting person: Marc L Andreessen
Relationship: Director
Security: Class A Common Stock
Table: Non-derivative (Table I)
Transaction date: Sep 8, 2026
Transaction code: S
Shares / units: 13,676
Price per share: $181.1392
Acquired / disposed: Disposed (D)
Shares owned after: 1,136,324
Ownership form: Indirect — By Trust
Amendment: No

Footnotes from the filing

These sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 5, 2026, during an open trading window.
Represents the weighted average sale price. These shares were sold in multiple transactions. The lowest price at which shares were sold was $180.76 and the highest price at which shares were sold was $181.625. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or the Issuer's shareholders, full information regarding the total number of shares sold at each separate price within the range set forth in this footnote.
These securities are held of record by the LAMA Community Trust of which the Reporting Person and his spouse are trustees.

Around the same time

Insider sold4d ago

~$1.35Mplanned to sell · 6,838 shares, around Oct 2, 2026

Someone high up at Coinbase told the SEC they plan to sell $1.35M of Coinbase shares around Oct 2, 2026. The shares did not come from their pay.

Why it stands out Official record

Insider sold5d ago

~$2.55Mplanned to sell · 14K shares, around Oct 1, 2026

Someone high up at Coinbase told the SEC they plan to sell $2.55M of Coinbase shares around Oct 1, 2026. The shares did not come from their pay.

Why it stands out Official record

CFO sold ~$84K of Coinbase

Scheduled in advance13d ago