AG真人官方

Coinbase Global, Inc. (COIN) 鈥� Form 144 filing

The Brian Armstrong Living Trust, an affiliate of Coinbase鈥檚 Chief Executive Officer, has filed a Form 144 indicating an intent to sell 183,506 Class A common shares (to be converted from Class B) through Goldman Sachs beginning 15 Jul 2025. Based on the filing鈥檚 reference price, the planned sale is valued at approximately $71.2 million and represents roughly 0.09 % of the 211.4 million shares outstanding. The shares were originally acquired on 23 Dec 2019 via a private transaction.

The form also discloses extensive insider selling over the past three months: at least 793,194 shares have already been sold by the same trust, generating gross proceeds exceeding $260 million. Notable blocks include 336,265 shares on 25 Jun 2025 and 165,443 shares on 14 Jul 2025.

Because Rule 144 filings signal upcoming insider transactions rather than new share issuance, no dilution will occur. Nevertheless, serial disposals by Coinbase鈥檚 founder may be interpreted by investors as a negative sentiment signal or simple portfolio diversification. The form does not specify reliance on a Rule 10b5-1 trading plan, leaving the timing discretionary.

Electronic Arts Inc. (EA) filed a Form 144 indicating that insider Jacob J. Schatz intends to sell 1,500 common shares through Morgan Stanley Smith Barney on or about 15 July 2025. The shares carry an aggregate market value of $223,245 based on the filing's reference price and represent only 0.0006 % of EA鈥檚 250,765,972 shares outstanding. The securities were originally acquired via RSU/PSU awards on 17 May 2012.

The same insider has already disposed of 3,000 shares in two Rule 10b5-1 transactions during the past three months (15 May 2025 and 16 June 2025) for combined gross proceeds of roughly $447,497. Assuming the proposed sale is executed, total insider disposals within the rolling 90-day window will reach 4,500 shares valued at about $670,742.

While the dollar amount is notable, the volume is de minimis relative to EA鈥檚 float and does not, by itself, signal a material shift in fundamentals. However, investors often monitor sustained insider selling for sentiment clues, especially when clustered within short periods.

Form 144 Overview: Coinbase Global, Inc. (NASDAQ: COIN) filed a Form 144 indicating the proposed sale of 5,578 common shares through Merrill Lynch on or about 15 July 2025. At the last reported market price, the transaction is valued at $2.18 million. The filing lists 211,407,406 shares outstanding, so the planned sale represents less than 0.003% of the float.

Share Origin: The shares to be sold derive from equity-compensation grants received on 10 Jan 2023 (3,837 sh), 20 May 2021 (2 sh) and 20 Aug 2021 (1,739 sh); all purchases were paid in cash.

Recent Insider Activity (past three months):

• Seven separate sales total 27,748 shares, generating $6.83 million in gross proceeds.
• Sellers named include Alesia Haas and ACB 2021 LLC, both listing the same New York address.
• Largest single sale: 7,575 shares on 23 Apr 2025 for $1.52 million.

Key Context for Investors:

• The new 5,578-share sale is incremental to recent disposals, signaling continued insider monetisation but at a modest scale relative to daily trading volume.
• The filing states the seller 鈥渄oes not know any material adverse information鈥� not already public, satisfying Rule 144 representations.

While the absolute share count is immaterial to capital structure, recurring insider sales can attract governance scrutiny and may influence short-term sentiment toward COIN.

Coinbase Global, Inc. (COIN) 鈥� Form 144 filing dated 07/14/2025

The Brian Armstrong Living Trust, a vehicle for Coinbase鈥檚 co-founder and Chief Executive Officer, has filed a Form 144 indicating an intent to sell 165,443 Class A common shares. Based on the stated aggregate market value of $65.2 million, the implied reference price is roughly $394 per share. The planned sale represents 0.08 % of Coinbase鈥檚 211.4 million shares outstanding and will be executed through Goldman Sachs & Co. LLC on the NASDAQ.

The filing also discloses extensive prior sales by the same trust during the past three months:

• Approx. 846,000 shares sold between 04/14/2025 and 07/11/2025.
• Two block trades stand out 鈥� 336,265 shares on 06/25/2025 for $121.9 million and 113,735 shares on 06/26/2025 for $41.3 million.
• Cumulative disclosed gross proceeds over the period exceed $215 million.

No mention is made of any material non-public information, and the signatory affirms compliance with Rule 10b5-1. While the percentage of total shares is modest, the continuing pattern of sizeable insider sales by Coinbase鈥檚 CEO may influence investor sentiment and raise questions about management鈥檚 outlook or personal diversification.

Burford Capital Limited (BUR) filed an 8-K to report the closing of a private placement of $500 million aggregate principal amount of 7.50% senior notes due 2033 issued by its wholly-owned subsidiary, Burford Capital Global Finance LLC. The notes are guaranteed on a senior unsecured basis by Burford Capital and two other wholly-owned subsidiaries.

Use of proceeds: management plans to repay the existing 6.125% bonds maturing in 2025; any remaining funds may be applied to general corporate purposes, potentially including repayment of the 5.000% bonds due 2026.

Key terms: interest accrues at 7.50% and is payable semi-annually on 15 January and 15 July, beginning 15 January 2026. The notes mature on 15 July 2033 but may be redeemed early at the issuer鈥檚 option. A Change of Control Triggering Event obligates the issuer to repurchase the notes at 101% of principal plus accrued interest.

Covenants in the indenture restrict additional indebtedness, dividends, certain liens, affiliate transactions, and major corporate actions, subject to customary exceptions.

Strategic impact: the transaction lengthens Burford鈥檚 debt maturity profile and addresses the upcoming 2025 maturity, but the higher 7.50% coupon raises annual interest expense versus the retiring 6.125% notes.

Form 144 filed for MYT Netherlands Parent B.V. (NYSE: MYTE) discloses that insider Michael Kliger intends to sell up to 108,375 common shares on or about 07 July 2025 through Morgan Stanley Smith Barney. Based on the stated aggregate market value of $824,733.75, the proposed sale represents roughly 0.08 % of the 136.37 million shares outstanding.

The filing also lists significant prior activity under a Rule 10b5-1 trading plan. Over the last three months, Kliger executed approximately 1.23 million shares in 25 separate transactions, generating disclosed gross proceeds of more than $9 million (sum of line-item figures). This cumulative volume is about 0.9 % of shares outstanding.

Shares to be sold were recently acquired via (1) exercise of 62,396 stock options on 07 Jul 2025 and (2) vesting of 45,979 restricted stock units on 30 Jun 2025. The seller certifies no possession of undisclosed material adverse information and relies on the trading plan safe-harbor.

• Proposed sale size is modest in percentage terms but continues a sustained insider selling trend.
• Form 144 does not provide operational or earnings data; the disclosure focuses solely on share disposition.