CoinShares Co-Founder and Non-Executive Director Daniel Masters Adopts Pre-Scheduled Trading Plan
CoinShares co-founder and non-executive director Daniel Masters has adopted a Rule 10b5-1 trading plan, adopted June 12, 2026 and previously disclosed in a Schedule 13D/A, providing for the sale of up to 4,782,660 shares -- approximately 3.6% of shares outstanding -- at prevailing market prices, running through December 31, 2027. Of that total, 3,282,660 shares (2.5% of shares outstanding) merely complete the unwind of a 2023-2024 share financing with Equities First Holdings and do not reduce Masters' reported ownership; only 1.5 million shares (1.1%) are personal diversification, sold at 100,000 shares per month starting October 1, 2026, when the listing lock-up expires.
Key figures
- Plan adopted
- 2026-06-12
- Lockup expiry
- 2026-10-01
- Plan end date
- 2027-12-31
- Plan disclosed
- Schedule 13D/A filed 2026-06-16
- Ownership after
- ~20.1M shares / ~15.3%
- Ownership before
- 21.6M shares / 16.4%
- Limit order shares
- 11000000
- Diversification shares
- 1500000
- Ownership pct retained
- 93%
- Financing unwind shares
- 3282660
- Limit order price range
- $10.00-$20.00
- Aggregate plan max shares
- 15782660
- Plan shares at market prices
- 4782660
- Plan pct of shares outstanding
- 3.6%
- Ownership if all limit orders execute
- ~9.1M shares / ~6.9%
- Diversification pct of shares outstanding
- 1.1%
- Financing unwind pct of shares outstanding
- 2.5%
AI analysis
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