Coinbase CEO Brian Armstrong and two insiders filed to sell up to $2.18B in stock, with sales starting late 2026, amid a 56% drop from recent highs.

Macro & Markets · 2026-10-30

Coinbase CEO Brian Armstrong, board member Frederick Ehrsam III, and COO Emilie Choi have filed trading plans to divest a combined 13.59 million Class A shares valued at roughly $2.18 billion, with the sales window opening in late 2026. Armstrong's portion covers 8.1 million shares while Ehrsam and Choi plan to sell 3.8 million and over 1.5 million shares respectively. The filings come as Coinbase stock has retreated 56% from recent highs and closed at $160.59, following Q3 results that showed $719 million in net income despite a 43% decline in transaction revenue.

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