Exodus Movement (EXOD) RSU vesting triggers tax share withholding
Rhea-AI Filing Summary
Exodus Movement, Inc. reported that President, 3ZERO and 10% owner Daniel Castagnoli had 8,892 shares of Class A Common Stock withheld on May 1, 2026 to cover tax obligations tied to vesting restricted stock units. The withholding price was $7.59 per share, matching the Class A share price on the vesting date. After this tax-withholding disposition, Castagnoli directly holds 728,209 Class A shares. His equity awards include 104,167 RSUs granted on January 1, 2023 vesting monthly through January 1, 2027, 127,813 RSUs granted March 13, 2024 vesting monthly through January 1, 2028, and 42,732 RSUs granted May 21, 2025 vesting monthly through January 1, 2029, each RSU delivering one Class A share upon settlement.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 8,892 | $7.59 | $67K |
Footnotes (1)
- 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 Class A common stock, par value $0.000001 per share ("Class A Common Stock") to satisfy its tax withholding obligations. Represents the price of the Company's Class A Common Stock on the vesting date. Includes (i) 104,167 RSUs originally granted on January 1, 2023 that vest in equal monthly installments through January 1, 2027, (ii) 127,813 RSUs originally granted on March 13, 2024 that vest in equal monthly installments through January 1, 2028 and (iii) 42,732 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.