Coinbase COO Emilie Choi sold 100,000 shares for $31.1M at blended $310.88 on 2025-11-11
Emilie Choi (President & COO) executed 13 separate sales totaling 100,000 shares for $31,087,593.49 on 2025-11-11, reducing her holdings by 34.7% from 287.8K to 187.8K shares. The sales were executed across a narrow price range ($304.05–$316.64), suggesting a systematic liquidation rather than opportunistic trading. Her prior five sales at COIN were consistently well-timed against the 90-day benchmark (5 of 5 showed negative 90-day returns), and her cross-ticker track record shows a 100.00% well-timed rate across 20 prior sells with an average 90-day return of -18.9%. This filing reflects a substantial, multi-tranche reduction of her position at a time when the stock has declined 32.6% from its 52-week high and 17.1% in the trailing 30 days, though the note on derivative conversion indicates this Table I activity may not represent her complete exposure.