Four Coinbase executives net more than $1B from share sales - WSJ

Four of Coinbase Global's (NASDAQ:COIN) leaders have collectively reaped more than $1B by selling shares since the cryptocurrency exchange listed its shares for public trading last spring, according to analysis of regulatory filings by the Wall Street Journal. During the same period, though, the company's shares have dropped by 82% (as of Thursday's close). The four executives — co-founders Brian Armstrong and Fred Ehrsam, along with President and Chief Operating Officer Emilie Choi and Chief Product Officer Surojit Chatterjee — received proceeds that totaled ~$1.2B from stock sales on the day Coinbase (COIN) shares began trading through February 2022, the WSJ said. The stock opened at $381 on April 14, 2021, when it started trading through a direct listing. Since then, cryptocurrencies have entered a particularly rough patch, especially since November, with the price of bitcoin (BTC-USD) falling 72% from mid-April. In a direct listing, the company does not issue