Director Ehrsam sells 4,125 shares ($1.1M) at blended avg $256.82; holds zero shares post-transaction but derivative holdings status unclear.
Ehrsam Frederick Ernest III (Director) executed 2 separate sales totaling 4,125 shares for $1,059,372.74 on 2026-01-14 and 2026-01-15, at transaction prices of $260.09 and $250.27 respectively (blended average $256.82). The current stock price of $241.15 sits -42.6% from the 52-week high of $419.78 and -28.2% from the 90-day prior level, suggesting unfavorable broader equity conditions. However, the FLAG indicates this transaction involves conversion of derivative securities, and the insider's true position resides in Form 4 Table II (derivative holdings), which is not yet populated in the database—thus the Table I figure of 0 shares post-transaction does not represent the insider's full economic stake. His prior 5 same-ticker sales at Coinbase (November–December 2025) all showed negative 30-day returns ranging from -13.7% to -15.0%, and none of those outcomes can yet be measured at the 90-day mark. The volume and dollar amount ($1.1M) are material, but the derivative conversion status prevents characterization as a complete position exit.