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Coinbase Insiders Move Shares

Benzinga

51 Views • Jan 10, 2022

Description

Recent reports indicate that insiders and executives at Coinbase ($COIN@US) have been selling stock in droves, dumping over $330 million in the past few months. This comes after executives were selling shares just after the company IPO’d in April of 2021. This continues a trend that sees Coinbase shares dropping and the executives living well after selling $4.6 billion of the company’s stock. For example, CEO Brian Armstrong made nearly $300 million in his stock sale, presumably using a portion of the proceeds of the sale to purchase a 19,000-square foot mansion in Los Angeles worth over $130 million—the highest-value home purchase ever for the region. Plus, co-founder Fred Ehrsam sold over $31 million in shares, Chief Accounting Officer Jennifer Jones made over $250,000, and the Chief Product Officer made $9 million on a stock sale in December. At press time, Coinbase stock was trading at just over $232, down over 3% in premarket trading.

Keywords & Tags

#ipo #crypto #cryptocurrency #nft #non-fungible token #finance #coinbase stock #inflation #business #crypto news #CEO #blockchain #tech #altcoins #Coinbase #economic recovery #digital asset #crypto broker #crypto mining #Los Angeles #Brian Armstrong #economic growth #virtual currency #executives #economic outlook #Insiders Move Shares #331 Million #Sold in Last 3 Months #shares dropping #Chief Accounting Officer #Jennifer Jones #Chief Product Officer

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