Coinbase CEO Sold $291.8M in Shares on Opening Day
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Coinbase CEO Sold $291.8M in Shares on Opening Day
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Re: Coinbase CEO Sold $291.8M in Shares on Opening Day
#2https://twitter.com/DereckCoatney/status/1383440872679739394
A more detailed table with a breakdown
Re: Coinbase CEO Sold $291.8M in Shares on Opening Day
#3https://twitter.com/DereckCoatney/status/1383440872679739394 A more detailed table with a breakdown
The replies suggest it's not unusual or alarming
> This is exactly how a direct sale works as opposed to an > IPO. Because no additional shares are created in a direct > sale, the initial investors have to make a large % of > their holdings available or there would be no stock for > the public to buy. > This is to be expected. Relax.
Re: Coinbase CEO Sold $291.8M in Shares on Opening Day
#4Quite normal for a direct listing. Otherwise not enough shares would be available. Also look at the stock options. C level is very well incentivized.