Exodus CFO sells 5,682 shares at $7.35

Exodus Movement’s CFO executed a sell-to-cover of 5,682 EXOD shares for tax withholding, retaining a substantial equity position.

Rhea-AI Filing Summary

Exodus Movement, Inc. (EXOD) reported that its Chief Financial Officer, James Gernetzke, sold 5,682 shares of Class A Common Stock on September 3, 2026 at $7.35 per share. According to the disclosure, this was a non-discretionary "sell to cover" transaction to satisfy tax withholding obligations on settling restricted stock units, and Gernetzke continues to hold 463,988 shares (including unvested RSUs).

Insider Trade Summary

Net Seller: 5,682 shares

Net Sell 1 txn

Insider Gernetzke James

Role Chief Financial Officer

Sold 5,682 shs ($42K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock F1, F2	5,682	$7.35	$42K

Holdings After Transaction: Class A Common Stock — 463,988 shares (Direct)

Footnotes (2)

1. F1. Represents the sale of shares of the Issuer's Class A common stock, par value $0.000001 per share (the "Common Stock"), in satisfaction of the Reporting Person's tax liability in connection with the settlement of restricted stock units ("RSUs"). The sale was made to satisfy tax withholding obligations through a "sell to cover" transaction and does not represent a discretionary trade made by the Reporting Person.
2. F2. Includes (i) 26,042 RSUs originally granted on January 1, 2023 that vest in equal monthly installments through January 1, 2027, (ii) 51,125 RSUs originally granted on March 13, 2024 that vest in equal monthly installments through January 1, 2028 and (iii) 36,560 RSUs originally granted on May 21, 2025 that vest in equal monthly installments through January 1, 2029, (iv) 69,063 RSUs originally granted on December 30, 2025 that vest in equal monthly installments through January 1, 2030. Each RSU represents the right to receive one share of Class A Common Stock upon settlement.

Key Figures

Shares sold: 5,682 shares Sale price per share: $7.35 per share Shares held after transaction: 463,988 shares +4 more

7 metrics

Shares sold 5,682 shares Class A Common Stock sold on September 3, 2026 in sell-to-cover

Sale price per share $7.35 per share Price for 5,682 Class A Common Stock shares sold September 3, 2026

Shares held after transaction 463,988 shares CFO’s direct holdings in Class A Common Stock after the sale

RSUs granted January 1, 2023 26,042 RSUs Vest in equal monthly installments through January 1, 2027

RSUs granted March 13, 2024 51,125 RSUs Vest in equal monthly installments through January 1, 2028

RSUs granted May 21, 2025 36,560 RSUs Vest in equal monthly installments through January 1, 2029

RSUs granted December 30, 2025 69,063 RSUs Vest in equal monthly installments through January 1, 2030

Key Terms

sell to cover, restricted stock units, Class A Common Stock, tax withholding obligations

4 terms

sell to cover financial

"The sale was made to satisfy tax withholding obligations through a "sell to cover" transaction"

Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.

restricted stock units financial

"in connection with the settlement of restricted stock units ("RSUs")"

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.

Class A Common Stock financial

"shares of the Issuer's Class A common stock, par value $0.000001 per share"

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.

tax withholding obligations financial

"The sale was made to satisfy tax withholding obligations through a "sell to cover" transaction"

FAQ

What insider transaction did Exodus Movement (EXOD) disclose for its CFO?

Exodus Movement disclosed that CFO James Gernetzke sold 5,682 shares of Class A Common Stock on September 3, 2026 at $7.35 per share in a non-discretionary sell-to-cover transaction related to RSU tax withholding.

Was the EXOD CFO’s September 3, 2026 share sale discretionary?

No. The filing states the sale was made to satisfy tax withholding obligations in connection with RSU settlement through a "sell to cover" transaction and “does not represent a discretionary trade” by the CFO.

How many EXOD shares does the CFO hold after this transaction?

After the sell-to-cover transaction, CFO James Gernetzke holds 463,988 shares of Exodus Movement Class A Common Stock, which includes various unvested RSUs scheduled to vest monthly through January 1, 2030.

What restricted stock units (RSUs) are reported for the EXOD CFO?

The position includes 26,042 RSUs from January 1, 2023, 51,125 RSUs from March 13, 2024, 36,560 RSUs from May 21, 2025, and 69,063 RSUs from December 30, 2025, each vesting in equal monthly installments through dates between 2027 and 2030.

Was the EXOD CFO’s sell-to-cover done under a Rule 10b5-1 trading plan?

No. The document-level Rule 10b5-1 checkbox is not marked as relying on a plan, and the footnote characterizes the trade as a sell to cover for tax withholding, not as a discretionary or plan-based trade.

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

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Available on EDGAR 09/04/2026 - 11:47 AM Accepted by SEC EDGAR 09/04/2026 - 11:47 AM 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^*

Gernetzke James

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/03/2026

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	09/03/2026		S		5,682(1)	D	$7.35	463,988(2)	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. Represents the sale of shares of the Issuer's Class A common stock, par value $0.000001 per share (the "Common Stock"), in satisfaction of the Reporting Person's tax liability in connection with the settlement of restricted stock units ("RSUs"). The sale was made to satisfy tax withholding obligations through a "sell to cover" transaction and does not represent a discretionary trade made by the Reporting Person.

2. Includes (i) 26,042 RSUs originally granted on January 1, 2023 that vest in equal monthly installments through January 1, 2027, (ii) 51,125 RSUs originally granted on March 13, 2024 that vest in equal monthly installments through January 1, 2028 and (iii) 36,560 RSUs originally granted on May 21, 2025 that vest in equal monthly installments through January 1, 2029, (iv) 69,063 RSUs originally granted on December 30, 2025 that vest in equal monthly installments through January 1, 2030. Each RSU represents the right to receive one share of Class A Common Stock upon settlement.

Remarks:

	/s/ James Gernetzke	09/04/2026
	** 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)