Exodus officer cancels 233K RSUs, keeps 477K shares
Exodus Movement, Inc. (EXOD) reported that officer and director Daniel Castagnoli disposed of Class A common stock through a cancellation of equity awards.
Rhea-AI Filing Summary
Exodus Movement, Inc. (EXOD) reported that officer and director Daniel Castagnoli disposed of Class A common stock through a cancellation of equity awards. On 2026-08-31, he voluntarily canceled 233,218 restricted stock units for no consideration, each RSU representing one share of Class A common stock. Following this cancellation, he holds 477,207 shares of Class A common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Disposition: 233,218 shares
Disposition
1 txn
Insider
Castagnoli Daniel
Role
President, 3ZERO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Class A Common Stock F1 | 233,218 | $0.00 | $0.00 |
Holdings After Transaction:
Class A Common Stock — 477,207 shares (Direct)
Footnotes (1)
- F1. The Reporting Person agreed to voluntarily cancel 233,218 restricted stock units (RSUs) previously granted under the Issuers equity incentive plans for no considerations. Each RSU represented the right to receive one share of Class A common stock, par value $0.000001 per share, of the Issuer.
Key Figures
RSUs cancelled: 233,218 RSUs
Shares following transaction: 477,207 shares
Transaction price per share: $0.0000 per share
+1 more
4 metrics
RSUs cancelled
233,218 RSUs
Voluntary cancellation of restricted stock units on 2026-08-31
Shares following transaction
477,207 shares
Class A Common Stock held directly after the RSU cancellation
Transaction price per share
$0.0000 per share
Disposition to issuer; RSUs cancelled for no consideration
Par value per share
$0.000001 per share
Par value of Class A common stock underlying each RSU
Key Terms
restricted stock units, equity incentive plans, par value, disposition to issuer
4 terms
restricted stock units financial
"The Reporting Person agreed to voluntarily cancel 233,218 restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
equity incentive plans financial
"previously granted under the Issuers equity incentive plans for no considerations"
Equity incentive plans are company programs that pay employees, executives, or directors with company stock, stock options, or share units instead of or in addition to cash, aiming to align their interests with shareholders—like giving team members a stake in the house they help build. For investors this matters because such plans can motivate better company performance but also dilute existing ownership and increase reported compensation costs, so they affect future earnings, voting power, and share value.
par value financial
"Class A common stock, par value $0.000001 per share, of the Issuer"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
FAQ
What insider transaction did EXOD report for Daniel Castagnoli?
EXOD reported that Daniel Castagnoli disposed of equity awards by voluntarily cancelling 233,218 restricted stock units (RSUs) on 2026-08-31. The RSUs were cancelled for no consideration and each RSU represented one share of Class A common stock.
What type of securities were involved in Daniel Castagnoli’s EXOD Form 4 filing?
The filing involved restricted stock units (RSUs) previously granted under Exodus Movement, Inc.’s equity incentive plans. Each RSU represented the right to receive one share of Class A common stock, par value $0.000001 per share.
Was any price or consideration paid in Daniel Castagnoli’s EXOD RSU cancellation?
No. The footnote states that Daniel Castagnoli agreed to voluntarily cancel 233,218 RSUs for no consideration, meaning there was no payment received in connection with the disposition to the issuer.
AI-generated analysis. How Rhea-AI works. Not financial advice.