Exodus Movement president uses shares for tax withholding
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.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 8,892 | $5.17 | $46K |
Footnotes (3)
- 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 Class A common stock, par value $0.000001 per share ("Class A Common Stock") to satisfy its tax withholding obligations.
- F2. Represents the price of the Company's Class A Common Stock on the vesting date.
- F3. 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
Key Terms
restricted stock units financial
equity incentive plans financial
tax withholding obligations financial
Class A Common Stock financial
vesting date financial
FAQ
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What insider transaction did Exodus Movement (EXOD) report for Daniel Castagnoli?
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