Form 4: Coinbase CEO Brian Armstrong Receives Shares via Trust Distribution
SEC Form 4 Filing
Coinbase CEO Brian Armstrong received 526 shares of Class A Common Stock through The Brian Armstrong Living Trust as part of a pro rata distribution from Andreessen Horowitz LSV Fund I, L.P.
Summary
- Brian Armstrong, CEO of Coinbase Global, Inc., received 526 shares of Class A Common Stock on March 25, 2024.
- The shares were received by The Brian Armstrong Living Trust.
- The distribution was a pro rata distribution from Andreessen Horowitz LSV Fund I, L.P. to its partners.
- No consideration was paid for the shares.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to a distribution of shares. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This transaction reflects the ongoing distribution of assets from venture capital funds to their partners, which is a common practice in the investment industry. It indicates that Andreessen Horowitz is distributing shares of Coinbase to its limited partners.
Key Dates
| Date | Description |
|---|---|
| 03/25/2024 | Date of transaction: Brian Armstrong Living Trust received shares. |
| 03/27/2024 | Date of report filing. |
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