Director Marc Andreessen Sells $1.4M of Coinbase ($COIN) via Rule 10b5-1 Plan

Insider Transaction Overview

On September 21, 2026, Marc L. Andreessen, a Director of Coinbase Global, Inc. ($COIN), executed an open-market sale of 6,838 shares of Class A Common Stock at a price of $205.05 per share. The gross transaction value totaled approximately $1,402,131.90.

Transaction Specifics

• Security: Class A Common Stock
• Execution Price: $205.05
• Shares Sold: 6,838 shares
• Ownership Nature: Indirect (held by the LAMA Community Trust, where the reporting person and his spouse serve as trustees)
• Shares Held Post-Transaction: 1,129,486 shares via the trust (plus an additional 2,568 shares held via AD Holdings, LLC)
• Plan Details: The sale was executed under a pre-scheduled Rule 10b5-1 trading plan established on June 5, 2026, during an open trading window.

Significance & Context

While the total sale amount exceeds $1.4 million, it represents less than 1% of Marc Andreessen's reported indirect holdings in Coinbase Class A common stock. Because the transaction was transacted pursuant to a pre-arranged Rule 10b5-1 plan established months in advance, it is considered routine portfolio management rather than a discretionary market signal.