Coinbase Board Member Marc Andreessen Files Form 144 to Sell $1.35M in Class A Common Stock

Executive Summary

On October 2, 2026, Coinbase Global, Inc. (NASDAQ: COIN) board member Marc Andreessen filed a Form 144 notice disclosing the proposed sale of 6,838 shares of Class A Common Stock with an estimated aggregate market value of $1,353,924 ($198.00 per share). The sale is being executed through the LAMA Community Trust via Raymond James & Associates, Inc.

Transaction & Filing Highlights

• Insider: Marc Andreessen (Board Member)
• Shares Proposed for Sale: 6,838 Class A shares
• Market Value: $1,353,924.00
• Approximate Sale Date: October 2, 2026
• Rule 10b5-1 Trading Plan: The sales are conducted under a pre-established Rule 10b5-1 trading plan adopted on June 5, 2026.
• Recent Past Sales (Past 3 Months):
  • October 1, 2026: 13,676 shares for gross proceeds of $2,545,455.47
  • September 21, 2026: 6,838 shares for gross proceeds of $1,402,131.90
  • September 8, 2026: 13,676 shares for gross proceeds of $2,476,518.91

Market Impact & Significance

The trading significance is rated Low. While Marc Andreessen is a high-profile board member and venture capitalist, this transaction represents a relatively small liquidation relative to his total indirect holdings and Coinbase's 222.8M shares outstanding. Furthermore, the transaction is executed under a pre-scheduled Rule 10b5-1 plan adopted several months prior, indicating regular diversification rather than discretionary market timing.