Brian Armstrong sold $10M of COIN
Chairman and CEO at Coinbase Global, Inc.. 40,000 shares at an average of $250.15, traded Dec 22, 2025, filed Dec 23, 2025.
Score components
- +25RoleCEO
- +25Trade size$10.0M at market
- +20Share of holdings soldSold 100% of holdings
- +15Cluster4 insiders selling within 14 days
- -15Exercise and sellShares came from an option exercise in the same filing
- -2010b5-1 planPre-scheduled under a 10b5-1 plan
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.
This signal so far: 1m -7.9%, 3m -25.3%, 6m -34.7%.
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.
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 0001679788-25-000249, as filed. Open on EDGAR
| Date | Transaction | Shares | Price | Value | Holdings after | Filed |
|---|---|---|---|---|---|---|
| Dec 22, 2025 | MOption exercise Class A Common Stock10b5-1 | +40,000 | $18.71 | $748k | 40,000 | Dec 23, 2025 |
| Dec 22, 2025 | SOpen-market sale Class A Common Stock10b5-1 | -9,138 | $248.61 | $2.3M | 30,862 | Dec 23, 2025 |
| Dec 22, 2025 | SOpen-market sale Class A Common Stock10b5-1 | -8,937 | $249.55 | $2.2M | 21,925 | Dec 23, 2025 |
| Dec 22, 2025 | SOpen-market sale Class A Common Stock10b5-1 | -11,707 | $250.50 | $2.9M | 10,218 | Dec 23, 2025 |
| Dec 22, 2025 | SOpen-market sale Class A Common Stock10b5-1 | -8,635 | $251.52 | $2.2M | 1,583 | Dec 23, 2025 |
| Dec 22, 2025 | SOpen-market sale Class A Common Stock10b5-1 | -1,583 | $252.30 | $399k | 0 | Dec 23, 2025 |
| Dec 22, 2025 | MOption exercise Employee Stock Option (right to buy)derivative10b5-1 | -40,000 | $0.00 | $0 | 2,593,924 | Dec 23, 2025 |
Related signals
Other insiders at Coinbase Global, Inc. and this insider’s other filings.
| Score | Company | Insider | Value | Holdings | Filed |
|---|---|---|---|---|---|
| 28Weak | Coinbase Global, Inc. | Marc L Andreessen director | $3.9M 20,514 shares | -2% | |
| 28Weak | Coinbase Global, Inc. | Marc L Andreessen director | $1.4M 6,838 shares | -1% | |
| 40Moderate | Coinbase Global, Inc. | Alesia J Haas Chief Financial Officer | $8.0M 39,030 shares | -10% | |
| 35Weak | Coinbase Global, Inc. | Marc L Andreessen director | $2.5M 13,676 shares | -1% | |
| 55Moderate | Coinbase Global, Inc. | Frederick R Wilson director | $1.8M 10,000 shares | -100% | |
| 39Weak | Coinbase Global, Inc. | Jennifer N. Jones Chief Accounting Officer | $389k 2,062 shares | -100% | |
| 40Moderate | Coinbase Global, Inc. | Frederick R Wilson director | $5.1M 35,068 shares | -117% | |
| 30Weak | Coinbase Global, Inc. | Frederick R Wilson director | $1.6M 10,000 shares | -33% | |
| 44Moderate | Coinbase Global, Inc. | Jennifer N. Jones Chief Accounting Officer | $324k 2,051 shares | -100% | |
| 45Moderate | Coinbase Global, Inc. | Frederick R Wilson director | $1.8M 10,000 shares | -25% |
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.