Marc Andreessen Proposes Sale of Coinbase Shares

Coinbase director Marc Andreessen proposed selling 13,676 Class A shares through LAMA Community Trust, valued at $2.545 million. This comes after a trust sale of 20,514 Class A shares on September 8 and 21, with reported values of $2.48 million and $1.4 million respectively.

The proposed sale is subject to Rule 144, which governs the resale of restricted or insider-held shares in the public market. According to the notice, LAMA Community Trust sold 13,676 Class A shares on September 8 for $2.476 million and an additional 6,838 shares on September 21 for $1.402 million.

The proposed sale is a significant transaction given its size and timing. The market value of the shares being sold represents approximately 0.006% of Coinbase's outstanding Class A shares.