Coinbase Director Marc Andreessen Sells $3.9M in COIN via 10b5-1 Plan

Overview

On October 5, 2026, Coinbase Global, Inc. (NASDAQ: COIN) filed a Form 4 detailing open-market share dispositions by Board Director Marc L. Andreessen.

Transaction Summary

Between October 1 and October 2, 2026, Andreessen disposed of an aggregate 20,514 shares of Class A Common Stock held indirectly through the LAMA Community Trust:

• October 1, 2026: Sold 13,676 shares at $186.18 per share ($2,546,201.68)
• October 2, 2026: Sold 6,838 shares at $198.00 per share ($1,353,924.00)
• Total Disposition Value: $3,900,125.68
• Weighted Average Price: $190.12

Plan and Beneficial Ownership Context

• 10b5-1 Trading Plan: The transactions were conducted pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on June 5, 2026, during an open trading window.
• Remaining Holdings: Following these transactions, the LAMA Community Trust retains 1,108,972 shares. Additionally, 2,568 shares are held indirectly through AD Holdings, LLC. The sold shares represent approximately 1.8% of the trust's reported position, indicating modest scheduled profit-taking rather than a broad divestment.