[144] Coinbase Global, Inc. SEC Filing

Rhea-AI Filing Summary

Coinbase Global, Inc. (COIN) Form 144 notice shows proposed sale of 25,000 shares of Common Stock via Goldman Sachs & Co. LLC with an aggregate market value of $9,301,750 and an approximate sale date of 10/02/2025 on NASD. The securities were acquired on 12/23/2019 as Class B shares that convert to Class A in connection with sales and are held for the account of the Brian Armstrong 2018 Grantor Retained Annuity Trust. The filing also lists extensive sales by The Brian Armstrong Living Trust during the past three months, including multiple transactions on dates in July, August, and September 2025, with individual gross proceeds reported (examples: $78,898,434.03 on 07/16/2025, $72,882,582.55 on 07/15/2025, and several smaller sales).

Positive

• None.

Negative

• Large insider sales disclosed: multiple trust sales in July–September 2025 with gross proceeds including $78,898,434.03 (07/16/2025) and $72,882,582.55 (07/15/2025).
• Planned sale of 25,000 shares valued at $9,301,750 on 10/02/2025 by a Brian Armstrong-related trust.

Insights

Insider Transactions Analyst

TL;DR: Significant scheduled and recent insider stock sales by Brian Armstrong-related trusts are disclosed.

The filing reports a proposed sale of 25,000 shares valued at $9,301,750 to occur on 10/02/2025, and lists multiple completed trust sales across July–September 2025 with large gross proceeds.

These are factual disclosures of disposition activity by the Brian Armstrong 2018 Grantor Retained Annuity Trust and The Brian Armstrong Living Trust; the document does not state any purpose, change in ownership percentage, or corporate action tied to the sales.

Market Impact Specialist

TL;DR: Concentrated insider liquidity events are documented but no forward guidance is provided.

The filing shows concentrated sales clustered in mid-2025 and a pending sale in October 2025 through a major broker (Goldman Sachs & Co. LLC), with individual transaction proceeds reported up to $78,898,434.03.

Because the filing only discloses quantities, dates, and proceeds, it supplies the market with verified supply information without commentary on intent or company operations.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	25000	9301750	226159125	10/02/2025	NASD

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	12/23/2019	Acquired Class B common shares from Issuer in private transaction; Class B common shares to be converted to Class A common shares in connection with any sales	Brian Armstrong 2018 Grantor Retained Annuity Trust			25000	12/23/2019	None

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
The Brian Armstrong Living Trust One Madison Avenue Suite 2400 New York NY 10010	Common Stock	07/11/2025	10000	3889195
The Brian Armstrong Living Trust One Madison Avenue Suite 2400 New York NY 10010	Common Stock	07/11/2025	10000	3878085
The Brian Armstrong Living Trust One Madison Avenue Suite 2400 New York NY 10010	Common Stock	08/12/2025	5000	1634538
The Brian Armstrong Living Trust One Madison Avenue Suite 2400 New York NY 10010	Common Stock	08/12/2025	10000	3254033
The Brian Armstrong Living Trust One Madison Avenue Suite 2400 New York NY 10010	Common Stock	09/15/2025	10000	3230098
The Brian Armstrong Living Trust One Madison Avenue Suite 2400 New York NY 10010	Common Stock	09/04/2025	5000	1510151.5
The Brian Armstrong Living Trust One Madison Avenue Suite 2400 New York NY 10010	Common Stock	09/15/2025	5000	1611813.5
The Brian Armstrong Living Trust One Madison Avenue Suite 2400 New York NY 10010	Common Stock	09/15/2025	10000	3215201
The Brian Armstrong Living Trust One Madison Avenue Suite 2400 New York NY 10010	Common Stock	07/11/2025	5000	1942138
The Brian Armstrong Living Trust One Madison Avenue Suite 2400 New York NY 10010	Common Stock	07/01/2025	10000	3389129
The Brian Armstrong Living Trust One Madison Avenue Suite 2400 New York NY 10010	Common Stock	08/04/2025	5000	1585499
The Brian Armstrong Living Trust One Madison Avenue Suite 2400 New York NY 10010	Common Stock	07/01/2025	5000	1690520.5
The Brian Armstrong Living Trust One Madison Avenue Suite 2400 New York NY 10010	Common Stock	08/04/2025	10000	3182989
The Brian Armstrong Living Trust One Madison Avenue Suite 2400 New York NY 10010	Common Stock	09/04/2025	10000	3031261
The Brian Armstrong Living Trust One Madison Avenue Suite 2400 New York NY 10010	Common Stock	08/04/2025	10000	3158748
The Brian Armstrong Living Trust One Madison Avenue Suite 2400 New York NY 10010	Common Stock	08/12/2025	10000	3279277
The Brian Armstrong Living Trust One Madison Avenue Suite 2400 New York NY 10010	Common Stock	09/04/2025	10000	3013267
The Brian Armstrong Living Trust One Madison Avenue Suite 2400 New York NY 10010	Common Stock	07/01/2025	10000	3377627
The Brian Armstrong Living Trust One Madison Avenue Suite 2400 New York NY 10010	Common Stock	07/11/2025	2751	1087136.05
The Brian Armstrong Living Trust One Madison Avenue Suite 2400 New York NY 10010	Common Stock	07/14/2025	165443	65485681.35
The Brian Armstrong Living Trust One Madison Avenue Suite 2400 New York NY 10010	Common Stock	07/15/2025	183506	72882582.55
The Brian Armstrong Living Trust One Madison Avenue Suite 2400 New York NY 10010	Common Stock	07/16/2025	198300	78898434.03

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What insider sale is disclosed for COIN in this Form 144?

The Form 144 discloses a proposed sale of 25,000 shares of Common Stock valued at $9,301,750 with an approximate sale date of 10/02/2025.

Who is the selling party named in the COIN Form 144?

The securities to be sold are held for the account of the Brian Armstrong 2018 Grantor Retained Annuity Trust; multiple past sales are listed for The Brian Armstrong Living Trust.

Through which broker will the COIN shares be sold?

The proposed sale lists Goldman Sachs & Co. LLC at 200 West Street, New York, NY 10282 as the broker.

What prior sales by the insider are reported in the past three months?

The filing lists many transactions in July, August, and September 2025, including large proceeds such as $78,898,434.03 on 07/16/2025 and $72,882,582.55 on 07/15/2025.

When were the securities originally acquired?

The securities were acquired on 12/23/2019 as Class B common shares that convert to Class A common shares in connection with any sales.