Coinbase CEO Sold $291.8M Worth of Shares On Exchange Debut
Last Updated: 21 April 2021
Coinbase CEO and co-founder Brian Armstrong sold $291.8 million worth of his shares on the first day of trading, new filings show.
Millions Of Coinbase Shares Sold On Debut
Filing with the Securities and Exchange Commission (SEC) shows that the Coinbase CEO Brian Armstrong sold about 749,999 shares on the first trading day of the cryptocurrency exchange on Nasdaq.
The report reveals that Armstrong sold three different groups of shares at varied prices of $381 to $410.40.
The total shares sold by Armstrong are less than 2% of his total holdings in the company.