Coinbase director Andreessen may sell $2.5M in stock
A Marc Andreessen trust filed a Rule 144 notice to sell 13,676 Coinbase Class A shares, valued at about $2.49 million, through Raymond James.
Rhea-AI Filing Summary
Coinbase Global, Inc. (COIN) is the issuer for which a Rule 144 notice has been filed covering a proposed sale of 13,676 Class A common shares by Marc Andreessen, a board member, selling via LAMA Community Trust. The filing lists Raymond James & Associates, Inc. as broker, with an aggregate market value of $2,489,032 for the shares to be sold, and notes an approximate sale date of September 8, 2026 on NASDAQ. It states that these Class A shares were originally received through pro-rata distributions for no consideration from various Andreessen Horowitz funds and related entities on several dates between 2021 and 2024, including distributions of 181,204 shares on May 21, 2021 and 8,602,667 shares on December 29, 2023. The notice also shows 222,803,032 Class A shares outstanding as context for the planned sale.
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Key Figures
Key Terms
Rule 144 regulatory
pro-rata distributions financial
aggregate market value financial
attorney-in-fact regulatory
FAQ
What does the Form 144 filing for COIN disclose about Marc Andreessen's planned sale?
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