[144] Coinbase Global, Inc. SEC Filing
Coinbase Global, Inc. (COIN) filed a Form 144 reporting a proposed sale of 25,000 common shares through Goldman Sachs & Co. LLC with an aggregate market value of $8,065,500. The filing states there are 215,159,125 shares outstanding and lists the approximate date of sale as 08/12/2025. The shares to be sold were acquired on 12/23/2019 from the Brian Armstrong 2018 Grantor Retained Annuity Trust and will convert from Class B to Class A in connection with any sales.
The filing also discloses numerous prior dispositions by The Brian Armstrong Living Trust over the past three months, including multiple transactions in May鈥揂ugust 2025 with single-sale gross proceeds ranging from about $1.2 million to over $121.9 million. The notice includes the required representation that the seller is not aware of any undisclosed material adverse information.
Coinbase Global, Inc. (COIN) ha depositato un Form 144 segnalando la proposta di vendita di 25.000 azioni ordinarie tramite Goldman Sachs & Co. LLC per un valore di mercato complessivo di $8,065,500. Il documento indica che sono in circolazione 215,159,125 azioni e riporta come data approssimativa di vendita il 08/12/2025. Le azioni da vendere sono state acquisite il 12/23/2019 dal Brian Armstrong 2018 Grantor Retained Annuity Trust e, in caso di vendita, verranno convertite da Class B a Class A.
Il deposito riporta inoltre numerose disposizioni precedenti effettuate dal The Brian Armstrong Living Trust negli ultimi tre mesi, incluse pi霉 transazioni tra maggio e agosto 2025 con proventi lordi per singola vendita compresi approssimativamente tra $1.2 million e oltre $121.9 million. L鈥檃vviso contiene la dichiarazione richiesta secondo cui il venditore non 猫 a conoscenza di informazioni materiali avverse non divulgate.
Coinbase Global, Inc. (COIN) present贸 un Form 144 notificando una propuesta de venta de 25,000 acciones ordinarias a trav茅s de Goldman Sachs & Co. LLC por un valor de mercado agregado de $8,065,500. La presentaci贸n indica que hay 215,159,125 acciones en circulaci贸n y se帽ala la fecha aproximada de venta como 08/12/2025. Las acciones a venderse fueron adquiridas el 12/23/2019 del Brian Armstrong 2018 Grantor Retained Annuity Trust y se convertir谩n de Class B a Class A en relaci贸n con cualquier venta.
El documento tambi茅n revela numerosas disposiciones previas por parte del The Brian Armstrong Living Trust en los 煤ltimos tres meses, incluidas m煤ltiples transacciones entre mayo y agosto de 2025 con ingresos brutos por operaci贸n individual que oscilan aproximadamente entre $1.2 million y m谩s de $121.9 million. El aviso incluye la declaraci贸n requerida de que el vendedor no tiene conocimiento de informaci贸n adversa material no divulgada.
Coinbase Global, Inc. (COIN)电� Goldman Sachs & Co. LLC毳� 韱淀暣 25,000 氤错喌欤茧ゼ 毵り皝頃� 鞓堨爼鞛勳潉 氤搓碃頃樀鐢 Form 144毳� 鞝滌稖頄堨溂氅�, 齑� 鞁滉皜鞎§潃 $8,065,500鞛呺媹雼�. 鞝滌稖靹滊鞐惖鐢 氚滍枆 欤检嫕靾橁皜 215,159,125欤茧 旮办灛霅橃柎 鞛堦碃, 雽�霝奠爜鞚� 毵り皝鞚检潃 08/12/2025搿� 響滉赴霅橃柎 鞛堨姷雼堧嫟. 毵る弰 鞓堨爼 欤检嫕鞚� 12/23/2019鞐� Brian Armstrong 2018 Grantor Retained Annuity Trust搿滊秬韯� 旆摑頃� 瓴冹澊氅�, 毵り皝瓿� 甏�霠晿鞐� Class B鞐愳劀 Class A搿� 鞝勴櫂霅╇媹雼�.
頃措嫻 鞝滌稖靹滊电� 霕愴暅 歆�雮� 3臧滌洈 霃欖晥 The Brian Armstrong Living Trust鞐� 鞚橅暅 雼れ垬鞚� 鞚挫爠 觳橂秳鞚� 瓿店皽頄堨溂氅�, 2025雲� 5鞗攡8鞗� 靷澊鞚� 鞐煬 瓯半灅鞐愳劀 雼贝 齑濍Г於滌暋鞚� 雽�霝� $1.2 million鞐愳劀 $121.9 million 鞚挫儊旯岇 雼れ枒頄堧嫟瓿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 瓿奠电� 韺愲Г鞛愱皜 瓿店皽霅橃 鞎婌潃 欷戨寑頃� 攵堧Μ頃� 鞝曤炒毳� 鞎岅碃 鞛堨 鞎婋嫟电� 頃勳垬 歆勳垹霃� 韽暔頃橁碃 鞛堨姷雼堧嫟.
Coinbase Global, Inc. (COIN) a d茅pos茅 un Form 144 signalant une proposition de vente de 25,000 actions ordinaires via Goldman Sachs & Co. LLC, pour une valeur marchande totale de $8,065,500. Le d茅p么t indique qu'il y a 215,159,125 actions en circulation et mentionne la date approximative de vente au 08/12/2025. Les actions 脿 vendre ont 茅t茅 acquises le 12/23/2019 aupr猫s du Brian Armstrong 2018 Grantor Retained Annuity Trust et seront converties de Class B en Class A en lien avec toute vente.
Le document r茅v猫le 茅galement de nombreuses cessions ant茅rieures effectu茅es par The Brian Armstrong Living Trust au cours des trois derniers mois, y compris plusieurs transactions de mai 脿 ao没t 2025 avec des produits bruts par vente individuelle allant d'environ $1.2 million 脿 plus de $121.9 million. L'avis comprend la d茅claration requise selon laquelle le vendeur n'a connaissance d'aucune information d茅favorable mat茅rielle non divulgu茅e.
Coinbase Global, Inc. (COIN) hat ein Form 144 eingereicht, das einen geplanten Verkauf von 25.000 Stammaktien 眉ber Goldman Sachs & Co. LLC mit einem Gesamtmarktwert von $8,065,500 meldet. Die Einreichung gibt an, dass 215,159,125 Aktien ausstehen und nennt das ungef盲hre Verkaufsdatum 08/12/2025. Die zu ver盲u脽ernden Aktien wurden am 12/23/2019 vom Brian Armstrong 2018 Grantor Retained Annuity Trust erworben und werden im Zusammenhang mit Verk盲ufen von Class B in Class A umgewandelt.
Die Einreichung offenbart au脽erdem zahlreiche fr眉here Ver盲u脽erungen durch The Brian Armstrong Living Trust in den letzten drei Monaten, darunter mehrere Transaktionen von Mai bis August 2025 mit Bruttoerl枚sen pro Einzelverkauf von etwa $1.2 million bis 眉ber $121.9 million. Die Mitteilung enth盲lt die vorgeschriebene Zusicherung, dass dem Verk盲ufer keine nicht offengelegten, wesentlichen nachteiligen Informationen bekannt sind.
- Full disclosure: The Form 144 lists the proposed sale quantity, aggregate market value, broker, acquisition date, and conversion detail, improving transparency.
- Broker engagement: Use of Goldman Sachs & Co. LLC indicates the sale will be handled through a major securities firm.
- Substantial insider selling: Multiple large dispositions by The Brian Armstrong Living Trust in May鈥揂ugust 2025, including blocks such as 336,265 and 165,443 shares, represent significant supply into the market.
- Concentration of recent sales: Numerous transactions with high gross proceeds (examples above include >$121.9M and >$65.4M) may be viewed as material by investors.
Insights
TL;DR: Founder-related trust plans another 25,000-share sale after extensive dispositions in May鈥揂ugust 2025.
The Form 144 provides clear disclosure of a proposed 25,000-share sale by a holder tied to Brian Armstrong, executed via Goldman Sachs. The filing confirms the shares were originally acquired on 12/23/2019 and will convert from Class B to Class A when sold. The schedule of recent transactions shows substantial liquidity events by the same trust across May to August 2025, with multiple large blocks and material gross proceeds reported. From a market-structure view, these filings increase public transparency about insider selling pressure and the timing of supply into the market.
TL;DR: Repeated trust sales are material for governance oversight but the Form 144 provides required transparency.
The notice documents a proposed sale tied to a founder-related trust and lists extensive prior sales by The Brian Armstrong Living Trust during the past three months, including several large transactions (e.g., 165,443 shares on 07/14/2025 and 336,265 shares on 06/25/2025). Such activity is relevant for board and investor monitoring of insider liquidity and potential dilution effects. The filing includes the standard attestation regarding undisclosed material information and specifies acquisition provenance, satisfying Form 144 disclosure requirements.
Coinbase Global, Inc. (COIN) ha depositato un Form 144 segnalando la proposta di vendita di 25.000 azioni ordinarie tramite Goldman Sachs & Co. LLC per un valore di mercato complessivo di $8,065,500. Il documento indica che sono in circolazione 215,159,125 azioni e riporta come data approssimativa di vendita il 08/12/2025. Le azioni da vendere sono state acquisite il 12/23/2019 dal Brian Armstrong 2018 Grantor Retained Annuity Trust e, in caso di vendita, verranno convertite da Class B a Class A.
Il deposito riporta inoltre numerose disposizioni precedenti effettuate dal The Brian Armstrong Living Trust negli ultimi tre mesi, incluse pi霉 transazioni tra maggio e agosto 2025 con proventi lordi per singola vendita compresi approssimativamente tra $1.2 million e oltre $121.9 million. L鈥檃vviso contiene la dichiarazione richiesta secondo cui il venditore non 猫 a conoscenza di informazioni materiali avverse non divulgate.
Coinbase Global, Inc. (COIN) present贸 un Form 144 notificando una propuesta de venta de 25,000 acciones ordinarias a trav茅s de Goldman Sachs & Co. LLC por un valor de mercado agregado de $8,065,500. La presentaci贸n indica que hay 215,159,125 acciones en circulaci贸n y se帽ala la fecha aproximada de venta como 08/12/2025. Las acciones a venderse fueron adquiridas el 12/23/2019 del Brian Armstrong 2018 Grantor Retained Annuity Trust y se convertir谩n de Class B a Class A en relaci贸n con cualquier venta.
El documento tambi茅n revela numerosas disposiciones previas por parte del The Brian Armstrong Living Trust en los 煤ltimos tres meses, incluidas m煤ltiples transacciones entre mayo y agosto de 2025 con ingresos brutos por operaci贸n individual que oscilan aproximadamente entre $1.2 million y m谩s de $121.9 million. El aviso incluye la declaraci贸n requerida de que el vendedor no tiene conocimiento de informaci贸n adversa material no divulgada.
Coinbase Global, Inc. (COIN)电� Goldman Sachs & Co. LLC毳� 韱淀暣 25,000 氤错喌欤茧ゼ 毵り皝頃� 鞓堨爼鞛勳潉 氤搓碃頃樀鐢 Form 144毳� 鞝滌稖頄堨溂氅�, 齑� 鞁滉皜鞎§潃 $8,065,500鞛呺媹雼�. 鞝滌稖靹滊鞐惖鐢 氚滍枆 欤检嫕靾橁皜 215,159,125欤茧 旮办灛霅橃柎 鞛堦碃, 雽�霝奠爜鞚� 毵り皝鞚检潃 08/12/2025搿� 響滉赴霅橃柎 鞛堨姷雼堧嫟. 毵る弰 鞓堨爼 欤检嫕鞚� 12/23/2019鞐� Brian Armstrong 2018 Grantor Retained Annuity Trust搿滊秬韯� 旆摑頃� 瓴冹澊氅�, 毵り皝瓿� 甏�霠晿鞐� Class B鞐愳劀 Class A搿� 鞝勴櫂霅╇媹雼�.
頃措嫻 鞝滌稖靹滊电� 霕愴暅 歆�雮� 3臧滌洈 霃欖晥 The Brian Armstrong Living Trust鞐� 鞚橅暅 雼れ垬鞚� 鞚挫爠 觳橂秳鞚� 瓿店皽頄堨溂氅�, 2025雲� 5鞗攡8鞗� 靷澊鞚� 鞐煬 瓯半灅鞐愳劀 雼贝 齑濍Г於滌暋鞚� 雽�霝� $1.2 million鞐愳劀 $121.9 million 鞚挫儊旯岇 雼れ枒頄堧嫟瓿� 旮办灛霅橃柎 鞛堨姷雼堧嫟. 瓿奠电� 韺愲Г鞛愱皜 瓿店皽霅橃 鞎婌潃 欷戨寑頃� 攵堧Μ頃� 鞝曤炒毳� 鞎岅碃 鞛堨 鞎婋嫟电� 頃勳垬 歆勳垹霃� 韽暔頃橁碃 鞛堨姷雼堧嫟.
Coinbase Global, Inc. (COIN) a d茅pos茅 un Form 144 signalant une proposition de vente de 25,000 actions ordinaires via Goldman Sachs & Co. LLC, pour une valeur marchande totale de $8,065,500. Le d茅p么t indique qu'il y a 215,159,125 actions en circulation et mentionne la date approximative de vente au 08/12/2025. Les actions 脿 vendre ont 茅t茅 acquises le 12/23/2019 aupr猫s du Brian Armstrong 2018 Grantor Retained Annuity Trust et seront converties de Class B en Class A en lien avec toute vente.
Le document r茅v猫le 茅galement de nombreuses cessions ant茅rieures effectu茅es par The Brian Armstrong Living Trust au cours des trois derniers mois, y compris plusieurs transactions de mai 脿 ao没t 2025 avec des produits bruts par vente individuelle allant d'environ $1.2 million 脿 plus de $121.9 million. L'avis comprend la d茅claration requise selon laquelle le vendeur n'a connaissance d'aucune information d茅favorable mat茅rielle non divulgu茅e.
Coinbase Global, Inc. (COIN) hat ein Form 144 eingereicht, das einen geplanten Verkauf von 25.000 Stammaktien 眉ber Goldman Sachs & Co. LLC mit einem Gesamtmarktwert von $8,065,500 meldet. Die Einreichung gibt an, dass 215,159,125 Aktien ausstehen und nennt das ungef盲hre Verkaufsdatum 08/12/2025. Die zu ver盲u脽ernden Aktien wurden am 12/23/2019 vom Brian Armstrong 2018 Grantor Retained Annuity Trust erworben und werden im Zusammenhang mit Verk盲ufen von Class B in Class A umgewandelt.
Die Einreichung offenbart au脽erdem zahlreiche fr眉here Ver盲u脽erungen durch The Brian Armstrong Living Trust in den letzten drei Monaten, darunter mehrere Transaktionen von Mai bis August 2025 mit Bruttoerl枚sen pro Einzelverkauf von etwa $1.2 million bis 眉ber $121.9 million. Die Mitteilung enth盲lt die vorgeschriebene Zusicherung, dass dem Verk盲ufer keine nicht offengelegten, wesentlichen nachteiligen Informationen bekannt sind.
FAQ
What does Coinbase's (COIN) Form 144 report?
Who acquired the shares being sold and when were they acquired?
How many shares outstanding does the filing list for Coinbase?
Has the filer made other sales recently?
Does the filing include the seller's representation about material information?
