Coinbase executives have outlined a stock sale plan, proposing to sell 13.6 million shares of COIN.

Coinbase CEO Brian Armstrong, co-founder Fred Ehrsam, and president Emilie Choi have developed a Rule 10b5-1 stock sale plan, intending to sell a total of up to approximately 13.6 million COIN shares, valued at approximately $2.2 billion. Armstrong plans to sell up to approximately 8.17 million shares between November 16, 2026, and October 2027, with the sale only proceeding if the share price reaches a predetermined threshold.