Coinbase Global, Inc.'s Chief Financial Officer, Alesia J. Haas, initiated a set of transactions on February 6, 2026, that resulted in the sale of Class A Common Stock valued at approximately $56.5 million. The trades were carried out under a pre-arranged 10b5-1 plan and comprised multiple executions with per-share prices spanning from $152.0995 to $156.7201.
According to a Form 4 filing with the Securities and Exchange Commission, the sales totaled 362,600 shares. The filing states the proceeds were used to cover the exercise price, commissions, fees, and estimated tax obligations related to stock option exercises.
On the same day, Haas exercised a tranche of options to acquire 78,433 shares of Class A Common Stock at an exercise price of $18.13 per share, representing a total outlay of $1,421,990. In addition, the filings show she exercised options to obtain 617,668 shares of Class A Common Stock at an exercise price of $6.9733.
Also recorded in the filings was the conversion of 617,668 shares of Class B Common Stock into Class A Common Stock. The sequence of sales, option exercises, and share conversion were all documented in the SEC disclosure.
These moves took place just days ahead of Coinbase's scheduled earnings release on February 12, introducing a timing note for investors as the company prepares to report results. The company is currently valued at roughly $44 billion and has seen its shares fall by 28% year-to-date amid significant market volatility.
Analysis cited in the disclosure indicates the stock is trading slightly below its Fair Value, with liquid assets exceeding short-term obligations. The filing and accompanying commentary also referenced the availability of an extended research report for investors seeking deeper financial detail.
Corporate developments beyond the securities filings include an expansion of Coinbase's collaboration with Crypto ISAC, aimed at improving threat intelligence sharing. That initiative is described as a measure to strengthen defenses by distributing actionable intelligence more efficiently among Crypto ISAC members.
Market commentary included in the reporting noted that JPMorgan lowered its price target for Coinbase by 27%, citing a less favorable cryptocurrency environment, while retaining an overweight rating on the company. The broader cryptocurrency market has been under pressure, with notable declines in Bitcoin mining stocks and related companies. The filing lists several mining-related firms as having experienced substantial drops in value, including Strategy, MARA Holdings, and Riot Platforms. Coinbase's own shares moved lower in step with this wider market weakness.
Finally, the filing referenced a statement from Federal Reserve Governor Christopher Waller, who remarked on a waning optimism in the crypto market that had initially surged following President Trump's election.
Investors and market watchers can review the Form 4 filing for a detailed accounting of the transactions described above. The disclosed sequence - sales under a 10b5-1 plan, option exercises at multiple strike prices, and the conversion of Class B shares into Class A - represents the full set of actions recorded on February 6, 2026.