Coinbase CEO Brian Armstrong and two other insiders have filed pre-arranged share sale schedules with the SEC, potentially allowing sales from late 2026 into 2027. The plans cover up to 13.59 million Class A shares, worth about $2.18 billion at the October 29 close. Armstrong's plan, adopted August 12, covers up to 8.1 million shares tied to vested options, with activity expected from mid-November 2026 through October 2027. Board member Frederick Ehrsam III's plan covers up to 3.8 million shares starting around December 7, 2026, and president Emilie Choi's plan, the smallest, covers just over 1.5 million shares from early January 2027. Coinbase reported $719 million in third-quarter 2026 net income, while transaction revenue fell 43% and operating expenses dropped 17%. After hours the stock slid almost 5% to $152.98.
Why it matters: The scheduled sales by senior executives come as transaction revenue declines and the shares trade well below their recent high.
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