Summary by Moomoo AI
Coinbase Global, Inc. officer Brian Armstrong is set to sell 23,075 shares of the company's common stock, with an aggregate market value of approximately $5.76 million, on April 4, 2024. These shares were originally acquired on December 23, 2019, from the Brian Armstrong 2018 Grantor Retained Annuity Trust. The Class B common shares obtained are to be converted to Class A common shares in connection with the sale. Over the past three months, Armstrong has sold a total of 115,375 shares of Coinbase common stock, generating gross proceeds of over $21 million. The notice for the planned sale was filed on the same day as the sale, with the plan for this transaction having been adopted on August 16, 2023.