Coinbase CEO Brian Armstrong and 2 Insiders File to Sell Up to $2B in Stock
🚀 **Insider Sales Planned**: Coinbase CEO Brian Armstrong and two insiders filed Rule 10b5-1 plans to sell up to 13.59 million Class A shares, potentially worth around $2.18 billion, starting from late 2026.
📉 **Earnings Report Highlights**: Coinbase reported a Q3 net income of $719 million, despite a 43% drop in transaction revenue, with prediction markets emerging as a significant growth area.
📉 **Stock Performance Decline**: Coinbase's stock closed at $160.59 but dropped nearly 5% in after-hours trading, reflecting a 56% decline from its recent peak, making it one of the weaker performers among major tech companies.
🚀 **Insider Sales Planned**: Coinbase CEO Brian Armstrong and two insiders filed Rule 10b5-1 plans to sell up to 13.59 million Class A shares, potentially worth around $2.18 billion, starting from late 2026.
📉 **Earnings Report Highlights**: Coinbase reported a Q3 net income of $719 million, despite a 43% drop in transaction revenue, with prediction markets emerging as a significant growth area.
📉 **Stock Performance Decline**: Coinbase's stock closed at $160.59 but dropped nearly 5% in after-hours trading, reflecting a 56% decline from its recent peak, making it one of the weaker performers among major tech companies.