Andreessen Proposes COIN Share Sale Through LAMA Community Trust
Board Member Marc Andreessen is proposing to sell 6,838 Class A shares of Coinbase Global, Inc. (COIN) through LAMA Community Trust, according to a recently filed document with the SEC. The proposed sale has an approximate market value of $1,353,924 and is expected to take place on October 2, 2026. This is not the first time LAMA Community Trust has sold COIN shares, as it also sold 13,676 shares on October 1, 2026.
Rule 144, a U.S. securities regulation, sets conditions for the sale of restricted or insider-held shares. The regulation determines when previously locked-up shares can enter the market, affecting supply and potentially share price. In this case, the shares being sold were acquired in connection with pro-rata distributions for no consideration.
The sale is being facilitated by Raymond James and Associates, Inc. as the broker. This transaction highlights the movement of shares among insiders and the impact on the market. It remains to be seen how this sale will affect the price of COIN shares.