Coinbase insiders dump nearly $5 billion in COIN stock shortly after listing

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Data from Capital Market Laboratories and confirmed by filings on Coinbase’s Investor Relations website shows a total of 12,965,079 shares sold by insiders, worth over $4.6 billion at COIN’s $344.38 per share Friday close.

Notable transactions include Coinbase CFO Alesia Haas selling all of her 255,500 shares at a price of $388.73, while CEO Brian Armstrong sold 749,999 shares in three transactions at various prices, netting a total of $291,827,966. He retains 300,001 shares worth over $1 billion.source