Express
Coinbase CEO Only Sells? Sold All Shares 88 Times, No Record of Buying
Summary: Coinbase CEO Brian Armstrong previously mentioned feeling good about buying Coinbase stock through the platform (at least that's what everyone tells me) - unfortunately, as a Section 16 officer, I can only operate through a 10b5-1 plan, but I imagine that feeling must be great. Some users viewed this statement as positive promotion for Coinbase's ...
Coinbase CEO Brian Armstrong previously mentioned feeling good about buying Coinbase stock through the platform (at least that's what everyone tells me) - unfortunately, as a Section 16 officer, I can only operate through a 10b5-1 plan, but I imagine that feeling must be great. Some users viewed this statement as positive promotion for Coinbase's own products and stocks. However, the community later found in publicly disclosed insider trading data that Brian Armstrong has never bought any COIN stock through his 10b5-1 plan. The data shows that as of now: Number of buys: 0 Number of sells: 88 all were sell operations, with no record of buying. Looking at the time distribution, Brian Armstrong's selling behavior spans multiple quarters from 2024 to 2025, with the Q4 of 2024 alone selling approximately $4.37 billion; Q2 and Q3 of 2025 selling around $1.96 billion and $2.68 billion respectively; almost every quarter has systematic selling records. Although trading through a 10b5-1 plan is not illegal at the compliance level and is often used by executives for pre-arranged asset liquidity, the long-term zero buying and continuous high-frequency selling structure still sparks discussions in the crypto community about management confidence and incentive alignment. At the time of writing, Coinbase's stock price has fallen by 45% in the past six months.
Tags:
Link: Coinbase CEO Only Sells? Sold All Shares 88 Times, No Record of Buying [Copy]
