Family trust of Coinbase (NASDAQ: COIN) director sells 10,000 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Coinbase Global director Frederick R. Wilson reported a series of insider sales in Class A Common Stock executed by a family trust. The Fred and Joanne Wilson 2012 Delaware Trust sold a total of 10,000 shares on June 1, 2026 in open-market transactions at prices generally between $176.70 and $185.89. These trades were carried out under a pre-arranged Rule 10b5-1 trading plan adopted on February 18, 2026 during an open trading window, indicating they were scheduled in advance rather than timed discretionarily.
After these transactions, the trust continued to hold tens of thousands of Coinbase shares, and Wilson and his spouse also beneficially owned 184,973 shares of Class A Common Stock directly. Additional indirect interests are held through investment entities such as USV 2024, LP, USV Investors 2024, LP, and FJW Partners, LLC, over which Wilson may share voting or investment power, while disclaiming beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 10,000 shares ($1,815,364)
Net Sell
14 txns
Insider
WILSON FREDERICK R
Role
null
Sold
10,000 shs ($1.82M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 600 | $177.1283 | $106K |
| Sale | Class A Common Stock | 1,000 | $178.182 | $178K |
| Sale | Class A Common Stock | 1,200 | $179.32 | $215K |
| Sale | Class A Common Stock | 600 | $180.19 | $108K |
| Sale | Class A Common Stock | 1,491 | $181.17 | $270K |
| Sale | Class A Common Stock | 2,309 | $182.22 | $421K |
| Sale | Class A Common Stock | 500 | $183.05 | $92K |
| Sale | Class A Common Stock | 1,200 | $184.22 | $221K |
| Sale | Class A Common Stock | 900 | $185.46 | $167K |
| Sale | Class A Common Stock | 200 | $186.17 | $37K |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 39,400 shares (Indirect, By the Fred and Joanne Wilson 2012 Delaware Trust);
Class A Common Stock — 184,973 shares (Direct, null)
Footnotes (1)
- The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 18, 2026, during an open trading window. Represents the weighted average sale price. The lowest price at which shares were sold was $176.70 and the highest price at which shares were sold was $177.50. The Reporting Person undertakes to provide upon request to the staff of the Securities and Exchange Commission, the Issuer or its stockholders, full information regarding the total number of shares sold at each separate price within the ranges set forth in footnotes (2) and (4) through (11) to this Form 4. These shares are held of record by The Fred and Joanne Wilson 2012 Delaware Trust, of which the Reporting Person's spouse is the grantor. The Reporting Person disclaims beneficial ownership of the shares owned by The Fred and Joanne Wilson 2012 Delaware Trust, except to the extent of his pecuniary interest therein, if any. Represents the weighted average sale price. The lowest price at which shares were sold was $177.72 and the highest price at which shares were sold was $178.58. Represents the weighted average sale price. The lowest price at which shares were sold was $178.81 and the highest price at which shares were sold was $179.76. Represents the weighted average sale price. The lowest price at which shares were sold was $179.83 and the highest price at which shares were sold was $180.63. Represents the weighted average sale price. The lowest price at which shares were sold was $180.83 and the highest price at which shares were sold was $181.71. Represents the weighted average sale price. The lowest price at which shares were sold was $181.87 and the highest price at which shares were sold was $182.76. Represents the weighted average sale price. The lowest price at which shares were sold was $182.88 and the highest price at which shares were sold was $183.18. Represents the weighted average sale price. The lowest price at which shares were sold was $183.95 and the highest price at which shares were sold was $184.53. Represents the weighted average sale price. The lowest price at which shares were sold was $185.09 and the highest price at which shares were sold was $185.89. Represents shares of the Issuer's Class A Common Stock beneficially owned by the Reporting Person and his spouse. These shares are held by USV 2024, LP. The Reporting Person, a member of the Board of Directors of the Issuer, is a managing member of the general partner of USV 2024, LP, and therefore may be deemed to have shared voting and investment power with regard to the shares held directly by USV 2024, LP. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any. Each of the Reporting Person and his spouse is a managing member of FJW Partners, LLC and, as such, may be deemed to share voting and dispositive power over the shares owned by FJW Partners, LLC. The Reporting Person disclaims beneficial ownership of the shares owned by FJW Partners, LLC, except to the extent of his pecuniary interest therein, if any. These shares are held by USV Investors 2024, LP. The Reporting Person, a member of the Board of Directors of the Issuer, is a managing member of the general partner of USV Investors 2024, LP, and therefore may be deemed to have shared voting and investment power with regard to the shares held directly by USV Investors 2024, LP. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, if any.
Key Figures
Shares sold: 10,000 shares
Price range of sales: $176.70–$185.89
Direct beneficial ownership: 184,973 shares
+5 more
8 metrics
Shares sold
10,000 shares
Total Class A shares sold on June 1, 2026 by family trust
Price range of sales
$176.70–$185.89
Lowest and highest individual sale prices across reported trades
Direct beneficial ownership
184,973 shares
Class A shares beneficially owned by Wilson and spouse after transactions
USV 2024 LP holding
24,444 shares
Class A shares held by USV 2024, LP with shared voting/investment power
FJW Partners, LLC holding
2,416 shares
Class A shares held by FJW Partners, LLC with shared dispositive power
USV Investors 2024 LP holding
624 shares
Class A shares held by USV Investors 2024, LP
Trust holding example
39,400 shares
Class A shares held by the Fred and Joanne Wilson 2012 Delaware Trust after one reported trade line
10b5-1 plan adoption date
February 18, 2026
Date Wilson adopted the Rule 10b5-1 trading plan governing these sales
Key Terms
Rule 10b5-1 trading plan, weighted average sale price, beneficial ownership, pecuniary interest, +2 more
6 terms
Rule 10b5-1 trading plan regulatory
"transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average sale price financial
"Represents the weighted average sale price. The lowest price at which shares were sold"
beneficial ownership financial
"The Reporting Person disclaims beneficial ownership of the shares owned by The Fred and Joanne Wilson 2012 Delaware Trust"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"except to the extent of his pecuniary interest therein, if any"
dispositive power financial
"may be deemed to share voting and dispositive power over the shares owned by FJW Partners, LLC"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Class A Common Stock financial
"Represents shares of the Issuer's Class A Common Stock beneficially owned"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
What insider activity did COIN director Frederick R. Wilson report on this Form 4?
Frederick R. Wilson reported that a family trust associated with him executed open-market sales of 10,000 Coinbase Class A shares on June 1, 2026. These transactions were disclosed as routine administrative reporting of insider trading activity.
Was the COIN insider sale by the Wilson family trust under a Rule 10b5-1 plan?
Yes. The filing states the transactions were effected under a Rule 10b5-1 trading plan adopted by Frederick R. Wilson on February 18, 2026. Such pre-arranged plans schedule trades in advance, limiting discretion over transaction timing.