Ehrsam Frederick Ernest III

Ehrsam Frederick Ernest III has demonstrated a consistent pattern of selling shares in Coinbase Global, Inc. (COIN), with no recorded purchases across 45 transactions totaling over $114.2 million in sales. The activity is concentrated entirely in COIN, with no other companies involved in the filings. Recent trades show an accelerated pace of disposals, including 16 sales since November 2025, with the largest single-day transactions occurring on November 10, 2025, when five separate sales amounted to approximately $16.9 million combined. The most recent disposals occurred on January 14–15, 2026, with sales of $715,254 and $344,118, respectively, following earlier transactions in December 2025 ranging from $154,430 to $934,317. The filings reveal a clear directional bias, with all transactions coded as sales (S) or conversions (C) that resulted in no reported value. The absence of any buy transactions suggests a sustained reduction in Ehrsam’s position in COIN. While the reasons for the sales are not disclosed, the pattern indicates a systematic unwinding of holdings rather than sporadic disposals. The transactions are notable for their frequency and scale, particularly the multi-million-dollar sales clustered in late 2025, followed by continued but smaller disposals into early 2026. The data reflects a singular focus on COIN, with no diversification into other securities across the reported period.