On November 4th, according to Barron's Weekly, Coinbase executives and directors around the world recently approved a trading plan to sell more than $900 million worth of cryptocurrency trading platform shares. Among them, three Coinbase executives and two directors will sell up to 5 million shares. Based on the closing price of $182.88 on Friday, the total value of these shares is $909 million. Company insiders adopt such plans to avoid being accused of bias for having non-public information. When specific conditions such as price, volume, and time are met, the plans automatically execute transactions. Coinbase disclosed the adoption of these trading plans in a filing with the Securities and Exchange Commission on October 30. The plan is expected to begin on November 18 and end by November 14, 2025 at the latest. The company did not allow Coinbase co-founder Brian Armstrong or other executives to comment, instead pointing to comments made by Chief Financial Officer Alesia Haas on the insider stock sales during a fourth-quarter earnings call on Feb. 15. "All of our insiders... have long-term beliefs about Coinbase," Haas said. "It's important to note that these sales represent only a small fraction of the total insider holdings in Coinbase."