Exodus Movement, Inc. (EXOD) CEO logs RSU vesting and share withholding
Rhea-AI Filing Summary
Exodus Movement, Inc. insider Jon Paul Richardson, who serves as Chief Executive Officer, director, and 10% owner, reported an automatic share withholding related to equity compensation. On 01/01/2026, the company withheld 10,929 shares of Class A common stock to cover tax obligations arising from the vesting and settlement of previously granted Restricted Stock Units (RSUs), at a price of $14.79 per share, which reflects the stock price on the vesting date. Following this tax withholding, Richardson beneficially owns 843,502 shares of Class A common stock, including multiple RSU grants from 2023, 2024, and 2025 that vest in equal monthly installments through dates ranging from January 1, 2027 to January 1, 2029. This filing reflects a routine tax-related withholding rather than an open market sale.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 10,929 | $14.79 | $162K |
Footnotes (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) 156,250 RSUs originally granted on January 1, 2023 that vest in equal monthly installments through January 1, 2027, (ii) 153,375 RSUs originally granted on March 13, 2024 that vest in equal monthly installments through January 1, 2028 and (iii) 96,147 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.
FAQ
What insider transaction did Exodus Movement (EXOD) report for Jon Paul Richardson?
The company reported that Jon Paul Richardson had 10,929 shares of Class A common stock withheld on 01/01/2026 to satisfy tax obligations from the vesting and settlement of previously granted RSUs.
Was the Exodus Movement (EXOD) CEO’s transaction an open market sale?
No. The filing explains that the issuer withheld shares of Class A common stock to cover tax withholding obligations tied to vesting RSUs, rather than Richardson selling shares in the open market.
What RSU grants for Exodus Movement (EXOD) are highlighted in this insider report?
The filing notes (i) 156,250 RSUs granted on January 1, 2023 vesting monthly through January 1, 2027, (ii) 153,375 RSUs granted on March 13, 2024 vesting monthly through January 1, 2028, and (iii) 96,147 RSUs granted on May 21, 2025 vesting monthly through January 1, 2029.
What is Jon Paul Richardson’s relationship to Exodus Movement (EXOD)?
Jon Paul Richardson is identified as a Director, Chief Executive Officer, and a 10% owner of Exodus Movement, Inc.