Coinbase (COIN) Director Marc Andreessen Sells 13,676 Shares

What Happened
Marc L. Andreessen, a director of Coinbase Global, sold 13,676 shares on September 8, 2026, for total proceeds of $2,477,260. The sales were dispositions (code S), executed under a Rule 10b5-1 trading plan.

Key Details

• Transaction date: 2026-09-08; Form 4 filed: 2026-09-10 (timely filing).
• Sale details: weighted average price $181.14; price range $180.76–$181.625 across multiple trades.
• Total proceeds: $2,477,260.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Notable footnotes: (F1) sales effected pursuant to a 10b5-1 plan adopted June 5, 2026 during an open trading window; (F2) weighted average and price range disclosed; (F3) some securities held of record by the LAMA Community Trust (Andreessen and spouse are trustees); (F4) some securities held of record by AD Holdings, LLC (Andreessen is a manager) and he disclaims group/beneficial ownership of shares held by that entity except to the extent of any pecuniary interest.

Context
This was a planned disposition under a 10b5-1 plan (generally indicates pre-scheduled, non-discretionary sales) rather than an ad-hoc sale. Sales by directors are common and do not, by themselves, indicate company performance or insider sentiment.