Coinbase Director Marc Andreessen Files Form 144 Notice for $2.49M Share Sale
Coinbase Global, Inc.
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Filing Summary
Form 144 Notice: Coinbase Global, Inc. ($COIN) Insider: Marc L. Andreessen (Board Member) Proposed Transaction: Sale of 13,676 Class A shares Estimated Value: $2,489,032.00 (~$182.00/share) Broker: Raymond James & Associates Ownership Nature: Indirect via LAMA Community Trust Rule 10b5-1 Plan Adoption Date: June 5, 2026
Comprehensive Analysis
Executive Summary
On September 8, 2026, Marc L. Andreessen, a Board Member of Coinbase Global, Inc. ($COIN), filed a Form 144 proposing to sell 13,676 shares of Class A Common Stock. The aggregate market value of the proposed sale is approximately $2,489,032.00 at an implied price of ~$182.00 per share.
Transaction Details
- Filer: Marc L. Andreessen (Board Member)
- Security: Class A Common Stock
- Proposed Sale Quantity: 13,676 shares
- Aggregate Market Value: $2,489,032.00
- Approximate Sale Date: September 8, 2026
- Executing Broker: Raymond James and Associates
- Trading Plan: The proposed sale is executed pursuant to a Rule 10b5-1 trading plan adopted on June 5, 2026.
- Ownership Structure: Sale conducted indirectly via the LAMA Community Trust.
Origin of Securities
The shares being sold originate from pro-rata distributions for no consideration from various Andreessen Horowitz entities acquired between May 2021 and March 2024.
Market Impact & Significance
This transaction represents routine execution under a pre-established Rule 10b5-1 plan adopted three months prior. Given the planned nature and modest size relative to Coinbase's 222.8M outstanding shares, the trading significance is categorized as Medium.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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