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EXOD Form 4: CEO Withholds 10,469 Shares for Taxes; Keeps 885,843 Shares

Filing Impact
(High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Jon Paul Richardson, Chief Executive Officer, director and 10% owner of Exodus Movement, Inc. (EXOD), reported a transaction on 09/01/2025 where 10,469 shares of Class A common stock were disposed of to satisfy tax withholding on vested restricted stock units at a per-share price of $25.22. After the transaction he beneficially owns 885,843 shares. The filing details the underlying RSU grants and vesting schedules that generated the taxable event.

Positive

  • Substantial continued ownership: Reporting person retains 885,843 shares after the transaction, indicating alignment with shareholders.
  • Retention via RSUs: Multiple RSU grants with staggered vesting through 2029 demonstrate ongoing executive compensation tied to company performance.

Negative

  • None.

Insights

TL;DR: Routine tax-withholding disposition on vested RSUs; substantial insider ownership remains.

The reported disposition reflects shares withheld to cover taxes on vested restricted stock units rather than an open-market sale. Such withholdings are common and do not represent a directional choice to reduce exposure. Post-transaction beneficial ownership of 885,843 shares indicates continued alignment with shareholders. The transaction size (10,469 shares) is small relative to reported holdings.

TL;DR: Transaction is administrative; RSU vesting schedule disclosed with detail.

The Form 4 clearly discloses the mechanics: RSUs vested and were settled, and shares were withheld to satisfy tax obligations. The filing lists multiple RSU grants with staggered vesting through January 2029, which signals an ongoing incentive structure. No indications of unexpected leadership change or sale of large blocks of stock are present in this filing.

Insider Richardson Jon Paul
Role Chief Executive Officer
Type Security Shares Price Value
Tax Withholding Class A Common Stock 10,469 $25.22 $264K
Holdings After Transaction: Class A Common Stock — 885,843 shares (Direct)
Footnotes (1)
  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 Company's 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) 6,098 RSUs originally granted on January 5, 2022 that vest in equal monthly installments through January 1, 2026, (ii) 208,334 RSUs originally granted on January 1, 2023 that vest in equal monthly installments through January 1, 2027, (iii) 178,937 RSUs originally granted on March 13, 2024 that vest in equal monthly installments through January 1, 2028 and (iv) 106,830 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.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Richardson Jon Paul
(Last) (First) (Middle)
15418 WEIR ST., #333
(Street)
OMAHA NE 68137
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Exodus Movement, Inc. [ EXOD ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
09/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 09/01/2025 F 10,469(1) D $25.22(2) 885,843(3) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
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 Company's Class A common stock, par value $0.000001 per share ("Class A Common Stock"), to satisfy its tax withholding obligations.
2. Represents the price of the Company's Class A Common Stock on the vesting date.
3. Includes (i) 6,098 RSUs originally granted on January 5, 2022 that vest in equal monthly installments through January 1, 2026, (ii) 208,334 RSUs originally granted on January 1, 2023 that vest in equal monthly installments through January 1, 2027, (iii) 178,937 RSUs originally granted on March 13, 2024 that vest in equal monthly installments through January 1, 2028 and (iv) 106,830 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.
/s/ James Gernetzke, attorney-in-fact for Jon Paul Richardson 09/03/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What transaction did Jon Paul Richardson report on Form 4 for EXOD?

He reported a 09/01/2025 disposition of 10,469 Class A shares withheld to satisfy tax withholding on vested RSUs at $25.22 per share.

How many EXOD shares does Richardson beneficially own after the reported transaction?

The Form 4 reports he beneficially owns 885,843 shares following the transaction.

Why were shares disposed of according to the filing?

The shares were withheld by the issuer to satisfy tax withholding obligations arising from the vesting and settlement of RSUs.

What RSU grants and vesting schedules are disclosed in the filing?

The filing discloses RSUs from grants on Jan 5, 2022; Jan 1, 2023; Mar 13, 2024; and May 21, 2025, vesting in monthly installments through Jan 1, 2026, Jan 1, 2027, Jan 1, 2028, and Jan 1, 2029, respectively.

Does the Form 4 indicate the transaction was a market sale?

No. The filing states the shares were withheld to satisfy tax withholding on RSU settlement, not that shares were sold in the open market.