Summary by Futu AI
Coinbase Global, Inc. officer Brian Armstrong is set to sell 15,375 shares of the company's common stock on 09/12/2024, with an aggregate market value of approximately $2.5 million. The shares were originally acquired on 12/23/2019 from the Brian Armstrong 2018 Grantor Retained Annuity Trust as part of a private transaction involving Class B common shares, which are to be converted to Class A common shares upon sale. This planned sale follows a series of transactions over the past three months, where a total of 115,375 shares were sold for gross proceeds of over $23 million.