Coinbase Director Sells $3.9 Million in Company Stock

Coinbase (COIN.US) Director Marc Andreessen recently sold a significant portion of his stake in the company. On October 1 and 2, 2026, Andreessen sold 20,514 shares of common stock at an average price of $190.12 per share, totaling approximately $3.9 million.

The transaction was reported as part of the company's statement of changes in beneficial ownership of securities. This reporting requirement is mandated by federal securities laws and applies to officers, directors, and individuals holding more than 10% of any class of a company's securities.

The sale was disclosed through Forms 3, 4, and 5, which are used to report purchases, sales, and holdings of company securities by insiders.