Coinbase (COIN) Director Fred Wilson Sells 35,068 Shares

What Happened

Fred R. Wilson, a member of Coinbase’s Board of Directors, sold a total of 35,068 shares of Coinbase (COIN) on August 3, 2026 in a series of open‑market and block transactions. The sales generated aggregate proceeds of roughly $5,060,842 — an approximate weighted average price of $144.34 per share. Individual trades in the filing show prices in the low $140s up through around $151–$152 (see footnotes for exact ranges).

These were sales (not purchases or option exercises). Several of the disposals were executed pursuant to a Rule 10b5‑1 trading plan adopted by Mr. Wilson (Footnote F1) and some shares were sold as part of block trades for multiple shareholders (Footnote F12).

Key Details

• Transaction date: August 3, 2026; Form 4 filed August 5, 2026 (filed within the typical 2 business‑day window).
• Total shares sold: 35,068; total proceeds: ~$5.06 million; weighted average price ≈ $144.34/share.
• Price information: individual trades reported from roughly $141.50 up to about $152.26 across different trades and weighted‑average groups (see footnotes F2–F17 for per‑group price ranges).
• Notable footnotes: F1 = sales effected under a Rule 10b5‑1 plan; F12 = block trades for multiple shareholders (prices in the $141.495–$142.48 range); F13/F14/F19 = certain shares are held by funds/vehicles where Mr. Wilson may be deemed to share voting or investment power (he disclaims beneficial ownership except to the extent of any pecuniary interest).
• Shares owned after transaction: Not specified in the provided summary — see the Form 4 “Amount of Securities Beneficially Owned Following Reported Transaction” for post‑trade holdings.

Context

• These were preplanned sales under a 10b5‑1 plan, which are commonly used by insiders to sell shares on a scheduled basis and do not by themselves indicate current management sentiment.
• The filing reflects sales by a director (not an executive exercising options). No option exercises, awards, or gifts are reported in this filing.
• For full detail (per‑price breakdowns, exact post‑transaction ownership, and any party‑specific holdings), refer to the complete Form 4 (Accession No. 0001679788-26-000090).