Form 4: Coinbase Director Kathryn Haun Sells Shares Under 10b5-1 Trading Plan

Kathryn Haun, a director at Coinbase Global, Inc., sold shares of Class A Common Stock on February 27 and 28, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Kathryn Haun, a director of Coinbase Global, Inc., reported the sale of Class A Common Stock.
• The sales occurred on February 27 and 28, 2024.
• The transactions were executed under a Rule 10b5-1 trading plan adopted on June 2, 2023.
• On February 27, 2024, 3,443 shares were sold at $205 per share, and another 5,000 shares were sold at the same price.
• On February 28, 2024, 1,758 shares were sold at $209.41 per share.
• Following these transactions, Haun directly owns 95,630 shares of Class A Common Stock.
• Haun also indirectly owns 46,312 shares through Gherardesca LLC, where she is one of two investment managers.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports stock sales under a pre-arranged trading plan, which is a common practice.

Industry Context

Sales by company insiders are a common occurrence and are often viewed in the context of overall market conditions and company performance. The use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on any specific non-public information.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder sentiment, but the existence of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates