TechFlow news, a report from JPMorgan (JPM) to its clients indicates that shareholders of Coinbase (COIN) and brokerage platform Robinhood (HOOD) face risks of stock dilution due to restricted stock units (RSUs) included in employee compensation plans. JPMorgan expects both Coinbase and Robinhood to reduce employee equity issued through RSUs, projecting that "stock issuance from RSUs will drive an annual dilution rate of 7% over the coming years." It estimates that if this 7% pace continues for five years, it could dilute existing shareholder value by approximately 30% for each company.Source
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