Director and 10% owner Daniel Masters filed a Form 4 with the SEC on November 4, 2026, disclosing the sale of 100,000 ordinary shares of CoinShares PLC (NASDAQ:CSHR) across three consecutive trading days under a Rule 10b5-1 plan.

Key Highlights

  • Three-day sale: Masters disposed of 33,333 shares on November 2, 20,000 shares on November 3, and 46,667 shares on November 4, 2026, totaling 100,000 ordinary shares.
  • Weighted average prices: The sales were executed at weighted average prices of $3.9239, $3.8457, and $3.9838 per share, respectively.
  • 10b5-1 plan: According to the filing, all three transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by Masters on June 12, 2026.
  • Remaining ownership: Following the reported transactions, Masters directly beneficially owned 21,410,245 ordinary shares.
  • Multiple transactions per day: Each day's reported price is a weighted average; the November 2 sales ranged from $3.77 to $3.99, November 3 from $3.81 to $3.93, and November 4 from $3.96 to $4.03, inclusive.
  • Reporting person roles: Masters is identified in the filing as both a Director and a 10% Owner of CoinShares PLC.

Daniel Masters' CoinShares Share Disposals Under Rule 10b5-1 Plan

Daniel Masters, identified in the filing as a Director and 10% Owner of CoinShares PLC, reported the sale of ordinary shares across three trading days in early November 2026. On November 2, 2026, Masters disposed of 33,333 shares at a weighted average price of $3.9239, with individual transaction prices ranging from $3.77 to $3.99, inclusive. Following that sale, his directly held beneficial ownership stood at 21,476,912 shares.

On November 3, 2026, Masters sold an additional 20,000 shares at a weighted average price of $3.8457, with prices ranging from $3.81 to $3.93, inclusive, reducing his direct holdings to 21,456,912 shares. On November 4, 2026, the date the Form 4 was filed, Masters sold 46,667 shares at a weighted average price of $3.9838, in transactions ranging from $3.96 to $4.03, inclusive, bringing his total directly held beneficial ownership to 21,410,245 ordinary shares.

The filing states that all three transactions "were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on June 12, 2026." The Form 4 also notes that Masters undertakes to provide full information regarding the number of shares sold at each separate price within the reported ranges upon request by the issuer, any security holder, or the SEC staff. No derivative securities transactions were reported.

What Was Disclosed

The filing disclosed three sales of CoinShares PLC ordinary shares by Director and 10% Owner Daniel Masters between November 2 and November 4, 2026, totaling 100,000 shares, all conducted under a pre-established Rule 10b5-1 trading plan adopted June 12, 2026.