Coinbase CEO Brian Armstrong and 2 Insiders File to Sell Up to $2B in Stock
Coinbase CEO Brian Armstrong and two different insiders filed Rule 10b5-1 plans that permit them schedule share gross sales in advance, with potential gross sales beginning in November 2026 and January 2027.
The submitting covers up to 13.59 million Class A shares, and on the October 29 closing worth of $160.59, they carry a notional worth of about $2.18 billion.
Armstrong’s Plan Accounts for Most of the Shares
According to the doc deposited with the SEC, Armstrong adopted his plan on August 12, and it permits for the sale of as many as 8.1 million shares tied to the train of vested inventory choices, with transactions scheduled to kick off round November 16, 2026, and go on till October 22, 2027, topic to worth thresholds in the association.
The second insider wanting to liquidate a 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 residing belief are transformed. Per the submitting, the estimated begin date is December 7, 2026, with an expiration date of June 7, 2027.
Emilie Choi, Coinbase’s president and chief working officer, is the third insider talked about in the doc. She adopted her plan a couple of days after Ehrsam, and it covers the least variety of shares of the three, at simply over 1.5 million, together with inventory she owns in addition to shares linked to fairness awards and inventory held by a belief for which her partner is a co-trustee.
Her window is ready to open round January 4, 2027, and closes on the final day of that yr.
Coinbase Q3 Earnings and Stock Performance
The Rule 10b5-1 submitting coincided with Coinbase releasing its Q3 2026 outcomes that confirmed a web revenue of $719 million, or $2.51 per share, in contrast to $432.6 million ($1.50 per share) a yr earlier.
Transaction income went down by 43% to simply over $590 million, when final yr it had reached $1.05 billion, with prediction markets rising as an enormous development space for the agency, bringing in greater than $200 million in income. That space, mixed with derivatives, accounted for at the least 25% of Coinbase’s complete transaction income, with subscriptions and providers making up 49%.
Additionally, the outcomes confirmed that complete working bills between July and September dropped by 17% to $1.15 billion, the place it had been about $1.39 billion in the identical interval in 2025.
Meanwhile, the corporate’s COIN inventory closed yesterday at $160.59 however fell virtually 5% to $152.98 in after-hours buying and selling. And as we reported yesterday, the Coinbase inventory has fallen by at the least 56% from its latest peak, placing it among the many weakest performers in a gaggle of main know-how firms.
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