Tax share withholding tied to RSU vesting for Exodus (EXOD) CFO

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Exodus Movement, Inc. Chief Financial Officer James Gernetzke reported a routine tax-related share disposition tied to restricted stock unit vesting. In connection with RSUs settling under the company’s equity incentive plans, 5,479 shares of Class A Common Stock were withheld at $5.17 per share to cover tax obligations, leaving him with 474,564 shares held directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Gernetzke James

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Tax Withholding	Class A Common Stock	5,479	$5.17	$28K

Holdings After Transaction: Class A Common Stock — 474,564 shares (Direct, null)

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) 39,063 RSUs originally granted on January 1, 2023 that vest in equal monthly installments through January 1, 2027, (ii) 57,516 RSUs originally granted on March 13, 2024 that vest in equal monthly installments through January 1, 2028 and (iii) 39,171 RSUs originally granted on May 21, 2025 that vest in equal monthly installments through January 1, 2029, (iv) 72,605 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

Tax-withheld shares: 5,479 shares Share price on vesting date: $5.17 per share Shares held after transaction: 474,564 shares +4 more

7 metrics

Tax-withheld shares 5,479 shares Class A Common Stock withheld for tax obligations on RSU vesting

Share price on vesting date $5.17 per share Price of Class A Common Stock used for tax-withholding calculation

Shares held after transaction 474,564 shares Direct Class A Common Stock holdings following tax withholding

Outstanding RSUs from 2023 grant 39,063 RSUs Granted January 1, 2023, vesting monthly through January 1, 2027

Outstanding RSUs from 2024 grant 57,516 RSUs Granted March 13, 2024, vesting monthly through January 1, 2028

Outstanding RSUs from May 2025 grant 39,171 RSUs Granted May 21, 2025, vesting monthly through January 1, 2029

Outstanding RSUs from Dec 2025 grant 72,605 RSUs Granted December 30, 2025, vesting monthly through January 1, 2030

Key Terms

Restricted Stock Units, tax withholding obligations, equity incentive plans, vesting date, +1 more

5 terms

Restricted Stock Units financial

"In connection with the vesting and settlement of Restricted Stock Units ("RSUs") previously granted under the Issuer's equity incentive plans"

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 of Company's Class A common stock ... 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.

vesting date financial

"Represents the price of the Company's Class A common stock on the vesting date"

settlement financial

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

Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 06:24 PM Accepted by SEC EDGAR 07/02/2026 - 06:24 PM

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)
07/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	07/01/2026		F		5,479⁽¹⁾	D	$5.17⁽²⁾	474,564⁽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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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) 39,063 RSUs originally granted on January 1, 2023 that vest in equal monthly installments through January 1, 2027, (ii) 57,516 RSUs originally granted on March 13, 2024 that vest in equal monthly installments through January 1, 2028 and (iii) 39,171 RSUs originally granted on May 21, 2025 that vest in equal monthly installments through January 1, 2029, (iv) 72,605 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	07/03/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

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

Exodus Movement’s CFO, James Gernetzke, reported a tax-related disposition of 5,479 Class A Common shares. The shares were withheld by the company to satisfy withholding taxes when previously granted restricted stock units vested and settled.

Was the Exodus (EXOD) CFO’s Form 4 transaction an open-market sale?

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were automatically withheld by the company upon RSU vesting to cover tax obligations, rather than being sold at the CFO’s discretion in the market.

How many Exodus (EXOD) shares does the CFO hold after this tax withholding?

After the 5,479-share tax withholding, CFO James Gernetzke holds 474,564 shares of Exodus Class A Common Stock directly. This indicates the withheld amount is small compared with his remaining equity position in the company.

What RSU awards are still outstanding for the Exodus (EXOD) CFO?

Outstanding RSUs include 39,063 units from a January 1, 2023 grant, 57,516 from March 13, 2024, 39,171 from May 21, 2025, and 72,605 from December 30, 2025. Each RSU converts into one share of Class A Common Stock upon settlement.

At what price were Exodus (EXOD) shares valued for the CFO’s tax withholding?

The withheld shares were valued at $5.17 per share, representing the price of Exodus’s Class A Common Stock on the RSU vesting date. This price was used to calculate the tax-withholding share amount reported on the Form 4.