The Wall Street Journal: Coinbase CEO has earned $4 million from selling stocks since last November

ChainCatcher news, according to a report by The Wall Street Journal, through an analysis of regulatory announcements, Coinbase co-founder and CEO Brian Armstrong has earned $4 million since last November by selling shares, with sale prices ranging from $35.01 to $58.16 per share. A spokesperson for Coinbase responded that Armstrong's recent stock sales are part of a standard, pre-arranged plan, "unrelated to recent market events."

Previously, The Wall Street Journal reported that four Coinbase executives earned approximately $1.2 billion from stock sales from the time Coinbase went public in April 2021 until the end of January 2022. According to analysis, aside from Armstrong, the other three have not sold any shares since then. Coinbase's stock price has fallen over 80% in 2022, with a closing price of about $335 at the end of last year. (source link)