Coinbase Stock Activity: Director Sells $5M Shares, Pacer Advisors Cuts Stake

Coinbase Global director Frederick Wilson disposed of 35,068 shares of the company's stock on August 3, generating proceeds of about $5.06 million. The sale was executed under a pre‑arranged Rule 10b5‑1 trading plan and was disclosed in a filing with the SEC.

In the first quarter, institutional investor Pacer Advisors Inc. reduced its holding in Coinbase by roughly 91 percent, selling 175,668 shares and leaving a balance of 17,107 shares valued at about $2.99 million. Other hedge funds and investment firms also adjusted their positions, with Integrated Wealth Concepts, Empowered Funds, Focus Partners, Sivia Capital Partners, and Cerity Partners collectively increasing or initiating stakes. Overall, institutional investors now own about 68.84 percent of Coinbase’s outstanding shares.