Coinbase Global Inc (NASDAQ:COIN) Executives have sold $331 million worth of Coinbase shares in the past few months, according to recent SEC filings.
What happened: Data from the US Securities and Exchange Commission revealed that few cryptocurrency exchange executives have been in a sell-off since November 2021.
founding partner Farid Ehrsam He sold $3,1369.99 worth of stock and Prime Products Sorojit Chatterjee She sold $9,007,797 worth of shares in December 2021 alone.
However, the largest single sale of Airsam shares took place on November 4, 2021, when the co-founder sold $63 million worth of shares.
Accounting Director Jennifer Jones It also sold shares worth $253,606 in December.
The cryptocurrency exchange made headlines shortly after it went public in April 2021 after several executives were observed selling over $4.6 billion worth of shares.
Included in this list was the CEO of Coinbase Brian Armstrong who sold 749,999 of his shares, valued at more than $291 million at the time. Armstrong recently acquired a 19,000-square-foot mansion in Los Angeles for $133 million in what is said to be the highest value home purchase in the area to date.
price movement: Coinbase shares are down 9.16% in the past month. The stock traded at $223.33 during the preceding Monday market session.
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