Four top Coinbase Global Inc. officials have collectively pocketed more than $1 billion by selling shares since the cryptocurrency exchange’s public listing last spring, a period in which the company’s shares have declined some 80%.
Co-founders Brian Armstrong and Fred Ehrsam, as well as President and Chief Operating Officer Emilie Choi and Chief Product Officer Surojit Chatterjee, together netted about $1.2 billion in proceeds from stock sales starting the day the San Francisco-based company started trading through February of this year, according to a Wall Street Journal analysis of regulatory filings.
