Exodus CEO covers taxes with 9,464 shares
Exodus Movement, Inc. director, chief executive officer and ten percent owner Jon Paul Richardson reported a routine tax-related share disposition.
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Rhea-AI Filing Summary
Exodus Movement, Inc. director, chief executive officer and ten percent owner Jon Paul Richardson reported a routine tax-related share disposition. In connection with the vesting of Restricted Stock Units, the company withheld 9,464 shares of Class A Common Stock at $7.12 per share to cover tax withholding obligations, rather than an open-market sale. Following this withholding, Richardson directly holds 796,182 shares of Class A Common Stock. He also holds unvested RSUs originally granted in three blocks of 91,146, 121,422 and 82,793 units that vest in monthly installments through dates in 2027, 2028 and 2029.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 9,464 | $7.12 | $67K |
Footnotes (3)
- F1. In connection with the vesting and settlement of Restricted Stock Units ("RSUs") previously granted under the Issuer's equity incentive plans, the Issuer withheld shares of Company's Class A common stock, par value $0.000001 per share ("Class A Common Stock"), to satisfy its tax withholding obligations.
- F2. Represents the price of the Company's Class A Common Stock on the vesting date.
- F3. Includes (i) 91,146 RSUs originally granted on January 1, 2023 that vest in equal monthly installments through January 1, 2027, (ii) 121,422 RSUs originally granted on March 13, 2024 that vest in equal monthly installments through January 1, 2028 and (iii) 82,793 RSUs originally granted on May 21, 2025 that vest in equal monthly installments through January 1, 2029. Each RSU represents the right to receive one share of Class A Common Stock upon settlement.
Key Figures
Key Terms
Restricted Stock Units ("RSUs") financial
equity incentive plans financial
tax withholding obligations financial
Class A Common Stock financial
vesting in equal monthly installments financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Exodus Movement (EXOD) report for Jon Paul Richardson?
What RSU awards does Jon Paul Richardson have from Exodus Movement (EXOD)?
Does the Exodus Movement (EXOD) Form 4 indicate remaining derivative positions for Richardson?
AI-generated analysis. How Rhea-AI works. Not financial advice.