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Exodus Movement Form 4: Director retains 813,687 shares after RSU vest

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

Rhea-AI Filing Summary

Exodus Movement (EXOD) – Form 4 (filed 04 Aug 2025): Director, 10 % owner and President-3ZERO Daniel Castagnoli reported a routine tax-withholding transaction related to vested RSUs.

  • Transaction date: 01 Aug 2025
  • Transaction code: F (issuer withheld shares for taxes, not an open-market sale)
  • Shares withheld: 9,876 Class A common shares at an issuer price of $30.84
  • Post-transaction holding: 813,687 Class A shares held directly
  • Unvested RSUs still outstanding: 7,622 (grant 01-05-22, vest monthly to 01-01-26); 221,355 (grant 01-01-23, vest to 01-01-27); 185,328 (grant 03-13-24, vest to 01-01-28); 54,751 (grant 05-21-25, vest to 01-01-29)

The filing shows continuing equity alignment; no cash sale occurred and the insider’s net exposure remains substantial. Market impact is expected to be minimal.

Positive

  • Large continuing ownership: Insider still controls 813,687 shares, signalling long-term commitment.

Negative

  • Share disposition recorded: 9,876 shares were removed from insider ownership (though only for tax withholding), which some investors may view as selling activity.

Insights

TL;DR: Routine tax-withholding; insider still holds 813k shares—neutral market impact.

Code F transactions are administrative and do not represent discretionary selling. Castagnoli’s remaining stake (≈813 k shares) plus a sizable RSU pipeline underscores long-term alignment with shareholders. Because the withheld shares were retained by the company, float barely changes and no negative demand signal is sent. Given EXOD’s float size, a 9.9 k-share adjustment is immaterial. Overall, I view the filing as neutral.

Insider Castagnoli Daniel
Role President, 3ZERO
Type Security Shares Price Value
Tax Withholding Class A Common Stock 9,876 $30.84 $305K
Holdings After Transaction: Class A Common Stock — 813,687 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 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) 7,622 RSUs originally granted on January 5, 2022 that vest in equal monthly installments through January 1, 2026, (ii) 221,355 RSUs originally granted on January 1, 2023 that vest in equal monthly installments through January 1, 2027, (iii) 185,328 RSUs originally granted on March 13, 2024 that vest in equal monthly installments through January 1, 2028 and (iv) 54,751 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.
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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*
Castagnoli Daniel
(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)
President, 3ZERO
3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025
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 08/01/2025 F 9,876(1) D $30.84(2) 813,687(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 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) 7,622 RSUs originally granted on January 5, 2022 that vest in equal monthly installments through January 1, 2026, (ii) 221,355 RSUs originally granted on January 1, 2023 that vest in equal monthly installments through January 1, 2027, (iii) 185,328 RSUs originally granted on March 13, 2024 that vest in equal monthly installments through January 1, 2028 and (iv) 54,751 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 Daniel Castagnoli 08/04/2025
** 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

How many EXOD shares did Daniel Castagnoli dispose of on 01-Aug-2025?

9,876 Class A shares were withheld by the issuer for tax purposes.

What is Castagnoli’s remaining EXOD ownership after the Form 4 transaction?

He directly owns 813,687 Class A shares following the withholding event.

Was the transaction an open-market sale?

No. It was a Code F tax-withholding event; no shares were sold into the market.

How much were the withheld shares valued at?

They were priced at $30.84 per share, the issuer’s stock price on the vesting date.

What RSU grants remain unvested for Castagnoli at EXOD?

Grants from 2022-2025 totaling 468, + thousand RSUs vest monthly through 2029.