CoinShares director sells 182K shares in plan

Available on EDGAR 09/18/2026 - 07:23 PM EDT Accepted by SEC EDGAR 09/18/2026 - 07:23 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

CoinShares PLC (CSHR) director and ten percent owner Daniel Masters reported selling a total of 182,370 Ordinary Shares of CoinShares over three days in mid-September 2026 in open-market transactions under a pre-arranged Rule 10b5-1 trading plan adopted on June 12, 2026.

The shares were sold in three equal blocks of 60,790 shares at weighted average prices between about $4.79 and $5.39, with each block executed across multiple trades within stated price ranges.

Insider Trade Summary 10b5-1

Net Seller: 182,370 shares

Net Sell 3 txns

Insider Masters Daniel

Role Director, 10% Owner

Sold 182,370 shs ($926K)

Share of Position Sold 0.84%

Type	Security	Shares	Price	Value
Sale	Ordinary Shares F1, F4	60,790	$5.3866	$327K
Sale	Ordinary Shares F1, F3	60,790	$5.0576	$307K
Sale	Ordinary Shares F1, F2	60,790	$4.7919	$291K

Holdings After Transaction: Ordinary Shares — 21,610,245 shares (Direct)

Holdings Before and After: Ordinary Shares, 21,792,615 to 21,610,245 shares (Direct)

Footnotes (4)

1. F1. The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 12, 2026.
2. F2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.67 to $4.99, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
3. F3. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.82 to $5.24, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.
4. F4. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.07 to $5.84, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.

Key Figures

Shares sold September 16, 2026: 60,790 shares Weighted average price September 16, 2026: $4.7919 per share Shares sold September 17, 2026: 60,790 shares +5 more

8 metrics

Shares sold September 16, 2026 60,790 shares Ordinary Shares sold in open-market transactions on September 16, 2026

Weighted average price September 16, 2026 $4.7919 per share Ordinary Shares sold with trades between $4.67 and $4.99

Shares sold September 17, 2026 60,790 shares Ordinary Shares sold in open-market transactions on September 17, 2026

Weighted average price September 17, 2026 $5.0576 per share Ordinary Shares sold with trades between $4.82 and $5.24

Shares sold September 18, 2026 60,790 shares Ordinary Shares sold in open-market transactions on September 18, 2026

Weighted average price September 18, 2026 $5.3866 per share Ordinary Shares sold with trades between $5.07 and $5.84

Total shares sold 182,370 shares Aggregate Ordinary Shares sold across the three reported trading days

Rule 10b5-1 plan adoption date June 12, 2026 Date Daniel Masters adopted the trading plan governing these sales

Key Terms

Rule 10b5-1 trading plan, weighted average price

2 terms

Rule 10b5-1 trading plan regulatory

"were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 12, 2026"

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 price financial

"The price reported is a weighted average price. These shares were sold in multiple transactions"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did CoinShares PLC (CSHR) disclose in this Form 4?

CoinShares PLC disclosed that director and ten percent owner Daniel Masters sold a total of 182,370 Ordinary Shares in three open-market transactions on September 16, 17, and 18, 2026, each reported at a weighted average price.

How many CoinShares (CSHR) shares did Daniel Masters sell on each date?

On each of September 16, 17, and 18, 2026, Daniel Masters sold 60,790 Ordinary Shares, for an aggregate of 182,370 shares sold over the three trading days.

What prices were received in the recent CoinShares (CSHR) insider sales?

The reported weighted average prices were $4.7919 on September 16, $5.0576 on September 17, and $5.3866 on September 18, 2026. Each block was sold in multiple trades within specified price ranges on those days.

Were the CoinShares (CSHR) insider sales made under a Rule 10b5-1 plan?

Yes. The filing states that the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by Daniel Masters on June 12, 2026, indicating the trades were pre-arranged under that plan.

What price ranges did the CoinShares (CSHR) insider sales cover?

The filing reports weighted average prices with ranges: on September 16, trades occurred between $4.67 and $4.99; on September 17, between $4.82 and $5.24; and on September 18, between $5.07 and $5.84, inclusive.

Does the Form 4 state Daniel Masters’ remaining CoinShares (CSHR) holdings?

The transactions list shares sold but do not state a specific number of CoinShares Ordinary Shares owned by Daniel Masters following these sales in this filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Masters Daniel

(Last) (First) (Middle)

C/O COINSHARES PLC, 2 HILL STREET

(Street)

ST HELIER JE2 4UA

(City) (State) (Zip)

JERSEY

(Country)

2. Issuer Name and Ticker or Trading Symbol
CoinShares PLC [ CSHR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	09/16/2026		S(1)		60,790	D	$4.7919(2)	21,731,825	D
Ordinary Shares	09/17/2026		S(1)		60,790	D	$5.0576(3)	21,671,035	D
Ordinary Shares	09/18/2026		S(1)		60,790	D	$5.3866(4)	21,610,245	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 12, 2026.

2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.67 to $4.99, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.

3. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.82 to $5.24, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.

4. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.07 to $5.84, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within such range.

	/s/ Daniel Masters	09/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)