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How many shares did Coinbase executives sell?

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Coinbase's chief executive sold less than 2% of his stock

Original title: "Coinbase Executives Sell PowerLang Stock? Stop Believing Rumors."

Original source: Daily Planet

Coinbase 高管团队抛售大量股票？别再相信谣言了

Coinbase After its direct listing last week, it sent shockwaves through the trading world, with some of the biggest tech deals ever. Comparable.

At the end of its first day of trading, Coinbase had a fully diluted market value of more than $80 billion, putting it in the same league as several Wall Street giants such as Credit Suisse, Nasdaq and Barclays. Still, the crypto world's attention isn't focused on Coinbase's positive indicators, but on how many shares its executives have sold.

In a forwarding volume over a thousandtweets, said Coinbase's management team has sold most of its shares. But data compiled by The Block shows that Coinbase's largest shareholder sold only a small portion of its shares between April 14 and 15, according to Coinbase's SEC filings.

Coinbase 高管团队抛售大量股票？别再相信谣言了

So how many shares did Coinbase's executive team sell in Coin's first week of trading?

First, Coinbase CEO Brian Armstrong sold less than 2% of his stock. Meanwhile, chief financial officer Alesia Haas has sold just 15 per cent of her holdings after misreports online that she had sold all her shares. Based on Coin's closing price on Friday, she still holds nearly $500 million in stock.

Emilie Choi, Coinbase's president and chief operating officer and a former LinkedIn M&A executive, had the second highest percentage of sales as a percentage of his total holdings. According to the SEC filing, Choi sold 24% of his shares in the previous two trading days, selling more than 50 shares as the stock traded near its high above $420.

Jennifer Jones, Coinbase's chief accounting officer, sold 38% of her holdings, the highest percentage of sales among senior executives.

Coinbase 高管团队抛售大量股票？别再相信谣言了

The market should not be surprised by executives selling shares. In a direct listing, there is no issue of new shares like in a traditional IPO. As a result, shareholders selling existing shares can ensure that there is enough supply for a direct listing.

General Counsel, Coinbase & NBSP;Paul Grewel is on TwitterI pointed that out. He commented, "In order to provide sufficient supply and attract new investors, a company must sell the minimum number of [shares] in the total shareholding structure in order to be successfully listed. The largest shareholders are usually investors and executives, so this means that they tend to sell the most on the day of listing."

Coinbase 高管团队抛售大量股票？别再相信谣言了

The chart below shows the number of shares sold by major Coinbase shareholders in the week ending April 14.

Coinbase 高管团队抛售大量股票？别再相信谣言了

Not surprisingly, Coinbase CEO Brian Armstrong sold the most shares (just under $300 million), but those shares represented only a small portion of his total ownership in the company. During the same period, Choi sold just under $220 million in shares.

As for & have spent COIN The stock closed at on Friday. 342 The dollar fell sharply from its trading price in the first few hours of its first day of trading. Coinbase Hit in the last hour of trading on the day of trading. 310 The low point for the dollar, at EDT. 16 The point closed at 328.28 & have spent The dollar. It takes & have spent 857 The $100 million fully diluted valuation ended its first trading day.

Coinbase 高管团队抛售大量股票？别再相信谣言了