Exodus Movement (EXOD) CEO reports 10,470-share tax withholding event

Rhea-AI Filing Summary

Exodus Movement, Inc. reported that its Chief Executive Officer, who is also a director and 10% owner, had 10,470 shares of Class A common stock withheld on 12/01/2025. The transaction is coded "F", meaning the shares were withheld by the company to cover tax obligations tied to vesting restricted stock units (RSUs), at a reference price of $16.52 per share.

After this tax-withholding event, the executive beneficially owns 854,431 shares of Class A common stock. This amount includes RSUs granted on several dates from January 2022 through May 2025, which vest in equal monthly installments through dates ranging from January 1, 2026 to January 1, 2029, with each RSU convertible into one share upon settlement.

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

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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)
12/01/2025

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	12/01/2025		F		10,470(1)	D	$16.52(2)	854,431(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) 1,525 RSUs originally granted on January 5, 2022 that vest in equal monthly installments through January 1, 2026, (ii) 169,271 RSUs originally granted on January 1, 2023 that vest in equal monthly installments through January 1, 2027, (iii) 159,766 RSUs originally granted on March 13, 2024 that vest in equal monthly installments through January 1, 2028 and (iv) 98,817 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	12/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Exodus Movement (EXOD) report on December 1, 2025?

A senior executive of Exodus Movement, Inc. had 10,470 shares of Class A common stock withheld on 12/01/2025 in a transaction coded "F" related to tax withholding.

Was the 10,470-share EXOD transaction an open market sale?

No. The 10,470-share transaction was coded "F", indicating the company withheld shares to satisfy tax withholding obligations on vesting Restricted Stock Units rather than selling them in the open market.

How many Exodus Movement (EXOD) shares does the reporting person own after this transaction?

Following the reported transaction, the reporting person beneficially owns 854,431 shares of Exodus Movement Class A common stock.

What role does the reporting person hold at Exodus Movement (EXOD)?

The reporting person is a Director, a 10% Owner, and an Officer serving as Chief Executive Officer of Exodus Movement, Inc.

How are the Exodus Movement RSUs for this insider scheduled to vest?

The beneficial ownership includes RSUs granted on January 5, 2022, January 1, 2023, March 13, 2024, and May 21, 2025, which vest in equal monthly installments through dates from January 1, 2026 to January 1, 2029, with each RSU representing one share of Class A common stock.

What does transaction code "F" mean for Exodus Movement (EXOD) insiders?

Transaction code "F" indicates that shares were withheld by the issuer to cover tax withholding obligations arising from the vesting and settlement of equity awards such as RSUs.