Insider trade

Coinbase's Chief Legal Officer sold about $229K of shares under a pre-set plan

Traded Oct 1, 2025 · Filed Oct 3, 2025

CoinbaseCOIN

~$229K
Reported value · 668 sh @ $342.41: 92K
Holds after · shares reported: −45.6%
stock since the trade · S&P 500 +15.9%, $346.17 → $188.22 on Oct 5

Why it stands out

Coinbase's Chief Legal Officer sold $229K 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: 9 sales in the past year
4 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: Oct 1, 2025
Reporting period: Not applicable
Filed with the SEC: Oct 3, 2025

Officer$100K–$500KPre-arranged plan referenced

Context

Classification

open market sale

Code S — open-market or private sale

Absolute commitment

~$228,732

Shares × reported transaction price

Timing vs results

62 days after results of Jul 31, 2025, 29 days before results of Oct 30, 2025

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 $346.17 on Oct 1, 2025, 129% above its 52-week low and 18% below its high, after a 15% rise over the previous 30 trading days

52-week range $151.47 (Apr 8, 2025) to $419.78 (Jul 18, 2025), 73% of the way up, from 250 adjusted closes. 30 trading days earlier: $302.07 on Aug 19, 2025. 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 Jun 2, 2025 in the U.S. District Court, D. Oregon. A filing is an allegation, not a finding.

5 such cases were open. State of Oregon v. Coinbase, Inc., docket 3:25-cv-00952, 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	−7.5%	−1.3%	−6.3%
30 days	−17.3%	+0.9%	−18.2%
90 days	−34.0%	+2.4%	−36.4%
180 days	−54.7%	−1.9%	−52.8%

Past results only. Not a forecast.

Source receipt

Record ID: 0001679788-25-000198
Filed / recorded: Oct 3, 2025, 8:21 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: Paul Grewal
Relationship: Officer
Officer title: Chief Legal Officer
Security: Class A Common Stock
Table: Non-derivative (Table I)
Transaction date: Oct 1, 2025
Transaction code: S
Shares / units: 668
Price per share: $342.41
Acquired / disposed: Disposed (D)
Shares owned after: 91,528
Ownership form: Direct
Amendment: No

Footnotes from the filing

The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 28, 2024, during an open trading window.
Represents the weighted average sale price. The lowest price at which shares were sold was $341.90 and the highest price at which shares were sold was $342.86.

Around the same time

CFO sold ~$738K of Coinbase

Scheduled in advance12mo ago

CFO sold ~$777K of Coinbase

Scheduled in advance12mo ago

CFO sold ~$602K of Coinbase

Scheduled in advance12mo ago