Exodus Movement (EXOD) president has 8,892 RSU shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Exodus Movement, Inc. reported that President, 3ZERO Daniel Castagnoli had 8,892 shares of Class A Common Stock withheld at $5.17 per share to cover tax obligations tied to vesting restricted stock units. These shares were delivered to the company rather than sold in the market.
After this tax-withholding disposition, Castagnoli directly holds 710,425 shares of Class A Common Stock. Footnotes show ongoing equity incentives, including 78,125 RSUs vesting monthly through January 1, 2027, 115,031 RSUs vesting monthly through January 1, 2028, and 40,062 RSUs vesting monthly through January 1, 2029, each RSU settling into one share.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Castagnoli Daniel
Role
President, 3ZERO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 8,892 | $5.17 | $46K |
Holdings After Transaction:
Class A Common Stock — 710,425 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 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) 78,125 RSUs originally granted on January 1, 2023 that vest in equal monthly installments through January 1, 2027, (ii) 115,031 RSUs originally granted on March 13, 2024 that vest in equal monthly installments through January 1, 2028 and (iii) 40,062 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
Tax-withheld shares: 8,892 shares
Withholding reference price: $5.17 per share
Shares held after transaction: 710,425 shares
+3 more
6 metrics
Tax-withheld shares
8,892 shares
Class A Common Stock delivered for tax withholding on RSU vesting
Withholding reference price
$5.17 per share
Price of Class A Common Stock on RSU vesting date
Shares held after transaction
710,425 shares
Direct Class A Common Stock ownership after tax-withholding disposition
2023 RSU grant
78,125 RSUs
Granted January 1, 2023; vest monthly through January 1, 2027
2024 RSU grant
115,031 RSUs
Granted March 13, 2024; vest monthly through January 1, 2028
2025 RSU grant
40,062 RSUs
Granted May 21, 2025; vest monthly through January 1, 2029
Key Terms
restricted stock units, equity incentive plans, tax withholding obligations, Class A Common Stock, +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.
equity incentive plans financial
"RSUs previously granted under the Issuer's equity incentive plans, the Issuer withheld shares of Class A common stock"
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.
tax withholding obligations financial
"the Issuer withheld shares of Class A common stock ... to satisfy its tax withholding obligations"
Class A Common Stock financial
"shares of 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.
vesting date financial
"Represents the price of the Company's Class A Common Stock on the vesting date."
FAQ
What insider transaction did Exodus Movement (EXOD) report for Daniel Castagnoli?
Exodus Movement reported that Daniel Castagnoli had 8,892 Class A shares withheld to satisfy tax obligations from vesting RSUs. These shares were delivered back to the company, not sold on the open market, and reflect a routine tax-withholding event.
What RSU awards are outstanding for Daniel Castagnoli at Exodus Movement (EXOD)?
Footnotes disclose three RSU grants outstanding: 78,125 RSUs granted January 1, 2023, 115,031 RSUs granted March 13, 2024, and 40,062 RSUs granted May 21, 2025. All vest in equal monthly installments, with each RSU settling into one Class A share.
Over what periods do Daniel Castagnoli’s Exodus Movement (EXOD) RSUs vest?
The RSUs vest monthly through specific dates: the 78,125-unit grant through January 1, 2027, the 115,031-unit grant through January 1, 2028, and the 40,062-unit grant through January 1, 2029. These schedules provide a multi-year equity incentive alignment.