Insider trade

Marc L Andreessen sold about $1.4M of Coinbase shares under a pre-set plan

Traded Sep 21, 2026 · Filed Sep 23, 2026

CoinbaseCOIN

~$1.4M
Reported value · 6,838 sh @ $205.05: 1.13M
Holds after · shares reported: -5.8%
stock since the trade · S&P 500 -1.2%, $201.05 → $189.29 on Oct 1

Why it stands out

A board member of Coinbase sold $1.4M 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
Routine for them: 6 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 21, 2026
Reporting period: Not applicable
Filed with the SEC: Sep 23, 2026

DirectorIndirect holding$1M+Pre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$1,402,132

Shares × reported transaction price

Timing vs results

53 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 $201.05 on Sep 21, 2026, 43% above its 52-week low and 48% below its high, after a 31% rise over the previous 30 trading days

52-week range $141.09 (Feb 12, 2026) to $387.27 (Oct 8, 2025), 24% of the way up, from 251 adjusted closes. 30 trading days earlier: $153.60 on Aug 7, 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	-5.0%	-0.4%	-4.6%

Past results only. Not a forecast.

Source receipt

Record ID: 0001679788-26-000108
Filed / recorded: Sep 23, 2026, 8:18 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 21, 2026
Transaction code: S
Shares / units: 6,838
Price per share: $205.05
Acquired / disposed: Disposed (D)
Shares owned after: 1,129,486
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.
These securities are held of record by the LAMA Community Trust of which the Reporting Person and his spouse are trustees.