Exodus Movement (NASDAQ: EXOD) insider reports tax share withholding on RSUs

Rhea-AI Filing Summary

Exodus Movement, Inc. director, officer and 10% owner Daniel Castagnoli reported an automatic share withholding tied to restricted stock units (RSUs). On 12/01/2025, the company withheld 9,878 shares of Class A common stock to cover tax obligations upon RSU vesting, at a reference price of $16.52 per share. After this transaction, Castagnoli beneficially owned 774,173 securities, including multiple RSU grants that vest monthly through dates ranging from January 1, 2026 to January 1, 2029. Each RSU represents the right to receive one share of Class A common stock 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^*

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)
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		9,878(1)	D	$16.52(2)	774,173(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) 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) 49,409 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	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 did Exodus Movement (EXOD) insider Daniel Castagnoli report on this Form 4?

He reported that on 12/01/2025, the company withheld 9,878 shares of Class A common stock upon RSU vesting to satisfy tax withholding obligations.

What price was used for the RSU-related share withholding at Exodus Movement (EXOD)?

The share withholding was based on the $16.52 price of Exodus Movement's Class A common stock on the RSU vesting date.

How many Exodus Movement (EXOD) securities does Daniel Castagnoli beneficially own after this transaction?

Following the reported transaction, Daniel Castagnoli beneficially owned 774,173 securities, including shares and RSUs tied to Class A common stock.

What RSU grants are included in Daniel Castagnoli’s Exodus Movement (EXOD) holdings?

His holdings include RSUs granted on January 5, 2022, January 1, 2023, March 13, 2024, and May 21, 2025, each vesting in equal monthly installments through dates between January 1, 2026 and January 1, 2029.

What does each Exodus Movement (EXOD) RSU held by Daniel Castagnoli represent?

Each RSU represents the right to receive one share of Exodus Movement Class A common stock upon settlement.

Why were Exodus Movement (EXOD) shares withheld from Daniel Castagnoli instead of sold in the market?

The company withheld shares of Class A common stock from the RSU vesting to satisfy its tax withholding obligations, a common non-cash method for covering taxes on equity awards.