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sellNotable cluster of 310b5-1 plan

Brian Armstrong sold $152M of COIN

Chairman and CEO at Coinbase Global, Inc.. 381,806 shares at an average of $397.53, traded Jul 15, 2025, filed Jul 17, 2025.

Warning score
65
Value
$152M
381,806 shares
Holdings after
526
-207% from before
From 52-week low
+156%
low $151.47, close $388.02
From 52-week high
-2%
high $394.01, as of Jul 15, 2025

Score components

  • Role
    CEO
    +25
  • Trade size
    $151.8M at market
    +25
  • Share of holdings sold
    Sold 100% of holdings
    +20
  • Cluster
    3 insiders selling within 14 days
    +15
  • 10b5-1 plan
    Pre-scheduled under a 10b5-1 plan
    -20

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

COINOct 9, 2026 · close 179.39
Since filing Jul 17, 2025: -56.3%SPY +25.7% · excess -82.0%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001679788-25-000145, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Jul 15, 2025CConversion
Class A Common Stockindirect: By The Brian Armstrong Living Trust10b5-1
+183,506$0.00$0184,032Jul 17, 2025
Jul 15, 2025SOpen-market sale
Class A Common Stockindirect: By The Brian Armstrong Living Trust10b5-1
-57,476$395.50$23M126,556Jul 17, 2025
Jul 15, 2025SOpen-market sale
Class A Common Stockindirect: By The Brian Armstrong Living Trust10b5-1
-44,199$396.52$18M82,357Jul 17, 2025
Jul 15, 2025SOpen-market sale
Class A Common Stockindirect: By The Brian Armstrong Living Trust10b5-1
-25,517$397.47$10M56,840Jul 17, 2025
Jul 15, 2025SOpen-market sale
Class A Common Stockindirect: By The Brian Armstrong Living Trust10b5-1
-20,027$398.54$8.0M36,813Jul 17, 2025
Jul 15, 2025SOpen-market sale
Class A Common Stockindirect: By The Brian Armstrong Living Trust10b5-1
-27,862$399.46$11M8,951Jul 17, 2025
Jul 15, 2025SOpen-market sale
Class A Common Stockindirect: By The Brian Armstrong Living Trust10b5-1
-8,425$400.17$3.4M526Jul 17, 2025
Jul 16, 2025CConversion
Class A Common Stockindirect: By The Brian Armstrong Living Trust10b5-1
+198,300$0.00$0198,826Jul 17, 2025
Jul 16, 2025SOpen-market sale
Class A Common Stockindirect: By The Brian Armstrong Living Trust10b5-1
-28,707$395.46$11M170,119Jul 17, 2025
Jul 16, 2025SOpen-market sale
Class A Common Stockindirect: By The Brian Armstrong Living Trust10b5-1
-36,305$396.54$14M133,814Jul 17, 2025
Jul 16, 2025SOpen-market sale
Class A Common Stockindirect: By The Brian Armstrong Living Trust10b5-1
-44,818$397.41$18M88,996Jul 17, 2025
Jul 16, 2025SOpen-market sale
Class A Common Stockindirect: By The Brian Armstrong Living Trust10b5-1
-34,177$398.54$14M54,819Jul 17, 2025
Jul 16, 2025SOpen-market sale
Class A Common Stockindirect: By The Brian Armstrong Living Trust10b5-1
-34,849$399.69$14M19,970Jul 17, 2025
Jul 16, 2025SOpen-market sale
Class A Common Stockindirect: By The Brian Armstrong Living Trust10b5-1
-14,799$400.39$5.9M5,171Jul 17, 2025
Jul 16, 2025SOpen-market sale
Class A Common Stockindirect: By The Brian Armstrong Living Trust10b5-1
-4,645$401.15$1.9M526Jul 17, 2025
Jul 15, 2025CConversion
Class B Common Stockderivativeindirect: By The Brian Armstrong Living Trust10b5-1
-183,506$0.00$023,079,525Jul 17, 2025
Jul 16, 2025CConversion
Class B Common Stockderivativeindirect: By The Brian Armstrong Living Trust10b5-1
-198,300$0.00$022,881,225Jul 17, 2025

Related signals

Other insiders at Coinbase Global, Inc. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
28Weak
COINsell 210b5-1
Coinbase Global, Inc.
Marc L Andreessen
director
$3.9M
20,514 shares
-2%
28Weak
COINsell 210b5-1
Coinbase Global, Inc.
Marc L Andreessen
director
$1.4M
6,838 shares
-1%
40Moderate
COINsell 210b5-1
Coinbase Global, Inc.
Alesia J Haas
Chief Financial Officer
$8.0M
39,030 shares
-10%
35Weak
COINsell 310b5-1
Coinbase Global, Inc.
Marc L Andreessen
director
$2.5M
13,676 shares
-1%
48Moderate
COINsell 210b5-1
Coinbase Global, Inc.
Frederick R Wilson
director
$1.8M
10,000 shares
-100%
65Notable
COINsell 310b5-1
Coinbase Global, Inc.
Brian Armstrong
Chairman and CEO
$8.1M
25,000 shares
-98%
42Moderate
COINsell 310b5-1
Coinbase Global, Inc.
Alesia J Haas
Chief Financial Officer
$2.1M
6,417 shares
-7%
65Notable
COINsell 510b5-1
Coinbase Global, Inc.
Brian Armstrong
Chairman and CEO
$7.6M
25,000 shares
-98%
25Weak
COINsell 510b5-1
Coinbase Global, Inc.
Paul Grewal
Chief Legal Officer
$3.0M
10,000 shares
-11%
25Weak
COINsell 510b5-1
Coinbase Global, Inc.
Paul Grewal
CHIEF LEGAL OFFICER
$4.8M
15,439 shares
-16%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Brian Armstrong sold $152M of COIN | InsiderTell