Form 4: Coinbase Director Gokul Rajaram Sells 400 Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Coinbase Global, Inc. Director Gokul Rajaram sold 400 shares of Class A Common Stock at $204.44 per share on October 16, 2024, according to a Form 4 filing with the SEC.
Summary
- Gokul Rajaram, a director of Coinbase Global, Inc., reported a transaction involving the sale of company stock.
- On October 16, 2024, Rajaram sold 400 shares of Class A Common Stock at a price of $204.44 per share.
- Following the transaction, Rajaram directly owns 7,771 shares of Coinbase Global, Inc.
- The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 30, 2024.
Sentiment
Score: 5
Explanation: The document reports a routine stock sale by a company director under a pre-arranged trading plan. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Sales by company directors are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 trading plan allows insiders to sell shares at predetermined times and prices, avoiding accusations of insider trading.
Key Dates
| Date | Description |
|---|---|
| May 30, 2024 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| October 16, 2024 | Date of the stock sale transaction |
| October 18, 2024 | Date of the signature on the Form 4 filing |
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