Top managers of Coinbase sold part of actions, and the community scarified them. Who is right?

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On April 14 started auctions actions of Coinbase on Nasdaq — during the first session capitalization of companies exceeded $85 billion. These and next days top managers and investors the exchanges sold large packages of securities belonging to them — some representatives of community incorrectly interpreted these actions. In reports for SEC given on April 16, it is spoken about sales class "A" actions for total amount about $5 billion for April 14 and 15. According to the document, CEO Brian Armstrong sold 749 999 actions three parties at the price from $381 to $410,40 for unit, having received $291,8 million. Member boards of directors...
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Brian Armstrong
Last position: CEO (NATIONAL RESEARCH MORDOVIAN STATE UNIVERSITY, MOSCOW STATE UNIVERSITY NAMED AFTER N. P. OGARYOVA; FEDERAL STATE-FUNDED EDUCATIONAL INSTITUTION FOREIGN ECONOMIC ASSOCIATION "MGU NAMED AFTER N. P. OGARYOVA")
Alesiya Khaas
Last position: Finance director (NATIONAL RESEARCH MORDOVIAN STATE UNIVERSITY, MOSCOW STATE UNIVERSITY NAMED AFTER N. P. OGARYOVA; FEDERAL STATE-FUNDED EDUCATIONAL INSTITUTION FOREIGN ECONOMIC ASSOCIATION "MGU NAMED AFTER N. P. OGARYOVA")
Mark Louell Andrissen
Last position: Cofounder, general partner (NATIONAL RESEARCH MORDOVIAN STATE UNIVERSITY, MOSCOW STATE UNIVERSITY NAMED AFTER N. P. OGARYOVA; FEDERAL STATE-FUNDED EDUCATIONAL INSTITUTION FOREIGN ECONOMIC ASSOCIATION "MGU NAMED AFTER N. P. OGARYOVA")
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Frederick Earnest Ersam III (Fred Ersam)
Last position: Cofounder, managing partner (Lomonosov Moscow State University)
1
Wilson Frederick
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