Exodus CEO covers taxes with share withholding

Exodus Movement, Inc. Chief Executive Officer Jon Paul Richardson reported a tax-related share disposition tied to his equity compensation.

Rhea-AI Filing Summary

Exodus Movement, Inc. Chief Executive Officer Jon Paul Richardson reported a tax-related share disposition tied to his equity compensation. When previously granted Restricted Stock Units vested, the company withheld 9,464 shares of Class A Common Stock at $7.59 per share to cover tax withholding obligations, rather than selling shares on the open market. Following this non-market, tax-withholding transaction, Richardson directly holds 805,646 shares of Class A Common Stock. Footnotes also note multiple RSU grants that continue to vest in monthly installments through future dates, each RSU settling into one share when it vests.

Insider Trade Summary

Exercise Price or Tax Liability: 9,464 shares

Exercise Price or Tax Liability 1 txn

Insider Richardson Jon Paul

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A Common Stock	9,464	$7.59	$72K

Holdings After Transaction: Class A Common Stock — 805,646 shares (Direct)

Footnotes (3)

1. F1. 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. F2. Represents the price of the Company's Class A Common Stock on the vesting date.
3. F3. Includes (i) 104,167 RSUs originally granted on January 1, 2023 that vest in equal monthly installments through January 1, 2027, (ii) 127,813 RSUs originally granted on March 13, 2024 that vest in equal monthly installments through January 1, 2028 and (iii) 85,464 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.

Key Figures

Shares withheld for taxes: 9,464 shares Share price on vesting date: $7.59 per share Post-transaction holdings: 805,646 shares +3 more

6 metrics

Shares withheld for taxes 9,464 shares Class A Common Stock withheld for RSU tax obligations

Share price on vesting date $7.59 per share Price of Class A Common Stock on RSU vesting date

Post-transaction holdings 805,646 shares Class A Common Stock held directly after tax withholding

RSU grant January 1, 2023 104,167 RSUs Vest monthly through January 1, 2027

RSU grant March 13, 2024 127,813 RSUs Vest monthly through January 1, 2028

RSU grant May 21, 2025 85,464 RSUs Vest monthly through January 1, 2029

Key Terms

Restricted Stock Units, tax withholding obligations, equity incentive plans, Class A Common Stock

4 terms

Restricted Stock Units financial

"In connection with the vesting and settlement of Restricted Stock Units ("RSUs") previously granted…"

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.

tax withholding obligations financial

"…the Issuer withheld shares… to satisfy its tax withholding obligations."

equity incentive plans financial

"…RSUs previously granted under the Issuer's equity incentive plans…"

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.

Class A Common Stock financial

"…Company's Class A common stock, par value $0.000001 per share ("Class A Common Stock")…"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Exodus Movement (EXOD) report for Jon Paul Richardson?

Exodus Movement reported a tax-withholding disposition by CEO Jon Paul Richardson. The company withheld shares that vested from Restricted Stock Units to satisfy tax obligations, so this was not an open-market sale but an administrative step linked to his equity compensation.

How many Exodus Movement (EXOD) shares were withheld for taxes in this Form 4?

The company withheld 9,464 shares of Class A Common Stock in connection with vesting RSUs. These shares were retained by the issuer to cover Richardson’s tax obligations on the vesting, rather than being sold into the market by the executive.

At what price were the withheld Exodus Movement (EXOD) shares valued?

The withheld shares were valued at $7.59 per share, which the footnotes describe as the price of Exodus Movement’s Class A Common Stock on the RSU vesting date. This price is used solely to value the tax-withheld shares for reporting purposes.

How many Exodus Movement (EXOD) shares does Jon Paul Richardson hold after this transaction?

After the tax-withholding transaction, Richardson holds 805,646 shares of Class A Common Stock directly. This figure reflects his remaining position following the company’s withholding of shares to satisfy RSU-related tax obligations disclosed in the Form 4.

Were the Exodus Movement (EXOD) shares in this Form 4 sold on the open market?

No, the shares were not sold on the open market. The filing explains that Exodus Movement withheld vested RSU shares to meet tax withholding obligations, a non-market, administrative disposition instead of a discretionary sale by the CEO.

What RSU grants for Exodus Movement (EXOD) are mentioned in the Form 4 footnotes?

The footnotes list three RSU grants for Jon Paul Richardson. They were granted in January 2023, March 2024, and May 2025, and each grant vests in equal monthly installments through dates ranging from January 2027 to January 2029, with each RSU settling into one share.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/04/2026 - 07:06 PM Learn about SEC filing dates

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 NEBRASKA 68137

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	05/01/2026		F		9,464(1)	D	$7.59(2)	805,646(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) 104,167 RSUs originally granted on January 1, 2023 that vest in equal monthly installments through January 1, 2027, (ii) 127,813 RSUs originally granted on March 13, 2024 that vest in equal monthly installments through January 1, 2028 and (iii) 85,464 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.

Remarks:

	/s/ James Gernetzke, attorney-in-fact for Jon Paul Richardson	05/04/2026
	** 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.
* Form 4: SEC 1474 (03-26)