Marc L. Andreessen, a director at Coinbase Global, Inc. (NASDAQ:COIN), filed a Form 4 on September 23, 2026, disclosing a sale of Class A Common Stock on September 21, 2026, executed under a pre-established Rule 10b5-1 trading plan.

Key Highlights

  • Shares sold: 6,838 shares of Class A Common Stock disposed of on September 21, 2026, at a price of $205.05 per share.
  • Trading plan: The sale was made pursuant to a Rule 10b5-1 plan adopted on June 5, 2026, during an open trading window.
  • Post-transaction holdings (indirect via trust): 1,129,486 shares of Class A Common Stock held indirectly through the LAMA Community Trust.
  • Additional indirect holdings: 2,568 shares of Class A Common Stock held indirectly through AD Holdings, LLC.
  • Ownership structure: The LAMA Community Trust is recorded as the holder of record, with Andreessen and his spouse serving as trustees.
  • Disclaimer on AD Holdings: Andreessen disclaims beneficial ownership of the securities held by AD Holdings, LLC, except to the extent of his pecuniary interest therein, if any.

Andreessen's Rule 10b5-1 Sale and Ownership Structure at Coinbase

According to the filing, Marc L. Andreessen, listed as a director of Coinbase Global, Inc., disposed of 6,838 shares of Class A Common Stock on September 21, 2026, at a price of $205.05 per share. The transaction was coded "S" (a sale) and carried out indirectly. The filing states the sale was effected pursuant to a Rule 10b5-1 trading plan that Andreessen adopted on June 5, 2026, during an open trading window.

Following the reported transaction, the filing shows 1,129,486 shares of Class A Common Stock held indirectly through the LAMA Community Trust, of which Andreessen and his spouse are trustees. A separate line in the filing reports 2,568 shares held indirectly through AD Holdings, LLC, of which Andreessen is a manager. No transaction date is reported for the AD Holdings position, indicating it reflects a standing ownership line rather than a new transaction.

Regarding the AD Holdings position, the filing includes a disclaimer: Andreessen "disclaims the existence of a 'group' and disclaims beneficial ownership of the securities held by AD Holdings, LLC," with the report stated not to be "deemed an admission that the Reporting Person is the beneficial owner of such securities, except to the extent of his pecuniary interest therein, if any." The form was signed by Lailey Rezai as Attorney-in-Fact for Marc L. Andreessen on September 23, 2026.

What Was Disclosed

The filing reports that director Marc L. Andreessen sold 6,838 shares of Coinbase Global Class A Common Stock on September 21, 2026, at $205.05 per share under a 10b5-1 plan, with 1,129,486 shares remaining in an indirect trust position afterward.