Exodus Movement SEC Filings

Daniel Castagnoli, a director, >10% owner and President of 3ZERO, reported a transaction in Exodus Movement, Inc. (EXOD) on 09/01/2025. The filing shows 9,878 shares of Class A common stock were disposed (transaction code F) at a price of $25.22 per share; the filing explains those shares were withheld to satisfy tax withholding on the vesting and settlement of previously granted restricted stock units (RSUs). After the withholding, Castagnoli beneficially owns 803,809 shares of Class A common stock. The filing lists the RSU grants underlying his holdings: 6,098 RSUs from 01/05/2022, 208,334 RSUs from 01/01/2023, 178,937 RSUs from 03/13/2024 and 53,415 RSUs from 05/21/2025, each vesting in equal monthly installments to their stated vesting end dates.

James Gernetzke, Chief Financial Officer of Exodus Movement, Inc. (EXOD), reported the withholding sale of 5,222 shares of Class A common stock on 09/01/2025 at a price of $25.22 per share to satisfy tax withholding related to vested restricted stock units (RSUs). After the transaction he beneficially owns 444,616 shares. The filing explains these shares arise from multiple RSU grants: 3,049 RSUs from 01/05/2022 (vesting through 01/01/2026), 104,167 RSUs from 01/01/2023 (vesting through 01/01/2027), 89,469 RSUs from 03/13/2024 (vesting through 01/01/2028), and 52,228 RSUs from 05/21/2025 (vesting through 01/01/2029). The disposition was coded as a tax-withholding settlement of vested RSUs rather than an open-market decision.

Exodus Movement reported stronger year-over-year revenue and profitability for the quarter ended June 30, 2025. Revenue was $25.8 million, up 16% from the prior-year quarter, and six‑month revenue totaled $61.8 million, up 20% year-over-year. The company recorded net income of $37.7 million for the quarter versus a $9.6 million loss a year earlier, driven largely by a $51.2 million unrealized remeasurement gain on its digital asset holdings.

Exodus holds $233.2 million of digital assets at fair value and $52.9 million in cash, with total assets of $313.7 million and stockholders’ equity of $277.1 million. Operating cash used was $11.4 million for the six months, and general and administrative expenses rose sharply (108% for the quarter) due to marketing, legal and travel spend. The company recognized an OFAC-related liability of $2.47 million and disclosed material weaknesses in internal controls, while five API providers each accounted for more than 10% of revenue. MAUs were stable at 1.5 million and Quarterly Funded Users increased to 1.7 million.

On 01/03/2025, pursuant to a confirmed Chapter 11 plan, all shares of Exodus Movement, Inc. previously owned by the debtors were deemed transferred to FTX Recovery Trust. The Form 4 reports that the Trust now beneficially owns 1,823,486 shares of Class A common stock. The transaction is recorded on the Form 4 with transaction code J and is explained as occurring under the confirmed reorganization plan.

The filing lists the reporting person as FTX Recovery Trust and indicates the Form was filed by one reporting person. No derivative securities are reported on Table II. The disclosure clarifies post-plan beneficial ownership but does not show any open-market sale or price per share.

FTX Recovery Trust reports ownership of 1,823,486 shares of Exodus Movement, Inc. Class A common stock, representing 21.6% of the 9,412,670 shares outstanding as of May 22, 2025. The shares were deemed transferred to the Trust on the Effective Date of the FTX chapter 11 plan (January 3, 2025), and no funds were used to acquire the reported shares.

The Trust states its purpose is to liquidate assets and make distributions to former creditors under the plan, while continuing to monitor the investment and potentially acquire or dispose of securities. The Trust has made no transactions in the past 60 days and reports no contracts or arrangements with respect to the issuer's securities.

On 8 Aug 2025, Exodus Movement, Inc. (NYSE American: EXOD) filed an 8-K (Item 7.01 – Regulation FD). The company announced a strategic partnership with Superstate, a blockchain-technology firm, to create tokenized representations of EXOD Class A common stock on additional major public blockchains. Management positions the initiative as a way to increase accessibility, liquidity and transparency for current and prospective shareholders by allowing digital versions of the equity to trade natively on-chain. The disclosure is being furnished, not filed, so it carries no Exchange Act liabilities and does not alter previously reported financials or capital structure. A press release with further details is furnished as Exhibit 99.1; no earnings data, guidance or financial impact estimates were provided.

Event: On August 5, 2025, Exodus Movement, Inc. filed a Form 8-K under Item 7.01 to furnish a press release concerning the company’s digital assets holdings and exchange provider processed volume. The press release is attached as Exhibit 99.1 and is incorporated by reference for disclosure purposes only.

Filing details: Registrant: Exodus Movement, Inc. (DE); Commission File No. 001-42047; trading class: Class A Common Stock (EXOD) listed on NYSE American. The report was signed by James Gernetzke, Chief Financial Officer on August 5, 2025. The filing indicates the registrant is an emerging growth company.

Exodus Movement, Inc. (EXOD) – Form 4 filing dated 8/4/2025

Chief Executive Officer, Director and >10% holder Jon Paul Richardson reported an automatic share disposition linked to RSU vesting on 1 Aug 2025. The company withheld 10,469 Class A shares at $30.84 each (≈ $0.32 million) to satisfy statutory tax obligations (Code F). Following the withholding, Richardson directly owns 896,312 Class A shares.

The filing also discloses outstanding RSUs that continue to vest monthly:

• 7,622 RSUs (grant 1/5/2022, vest through 1/1/2026)
• 221,355 RSUs (grant 1/1/2023, vest through 1/1/2027)
• 185,328 RSUs (grant 3/13/2024, vest through 1/1/2028)
• 109,500 RSUs (grant 5/21/2025, vest through 1/1/2029)

No derivatives were exercised or disposed of. Transaction was filed by a single reporting person and executed under normal equity plan procedures, not a 10b5-1 plan.