Exodus Movement (EXOD) CEO reports RSU tax withholding and 834,038-share stake
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Exodus Movement, Inc. CEO Jon Paul Richardson reported a routine tax-related share withholding tied to restricted stock unit (RSU) vesting. On 02/01/2026, 9,464 shares of Class A common stock were withheld at $13.09 per share to satisfy tax obligations on vested RSUs.
After this transaction, Richardson beneficially owned 834,038 shares of Class A common stock directly. This total includes RSUs granted on January 1, 2023 (143,230 units vesting monthly through January 1, 2027), March 13, 2024 (146,984 units vesting monthly through January 1, 2028), and May 21, 2025 (93,476 units vesting monthly through January 1, 2029), each convertible into one share upon settlement.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Richardson Jon Paul
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 9,464 | $13.09 | $124K |
Holdings After Transaction:
Class A Common Stock — 834,038 shares (Direct)
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) 143,230 RSUs originally granted on January 1, 2023 that vest in equal monthly installments through January 1, 2027, (ii) 146,984 RSUs originally granted on March 13, 2024 that vest in equal monthly installments through January 1, 2028 and (iii) 93,476 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 its CEO?
Exodus Movement CEO Jon Paul Richardson had 9,464 shares withheld for taxes. On 02/01/2026, Class A common stock was withheld at $13.09 per share to cover tax obligations arising from vested RSUs under the company’s equity incentive plans.
Was the Exodus (EXOD) CEO’s Form 4 transaction an open-market sale?
No, the transaction was a tax withholding related to RSU vesting. The company withheld 9,464 shares of Class A common stock on 02/01/2026 to satisfy tax obligations when previously granted RSUs vested, rather than a discretionary open-market share sale.
What RSU grants for Exodus (EXOD) CEO are disclosed in this Form 4?
The filing lists three RSU awards with monthly vesting schedules. Grants include 143,230 RSUs from January 1, 2023, 146,984 RSUs from March 13, 2024, and 93,476 RSUs from May 21, 2025, each vesting in equal monthly installments through their stated end dates.
What roles does Jon Paul Richardson hold at Exodus Movement (EXOD)?
Jon Paul Richardson is a director, Chief Executive Officer, and a 10% owner. The Form 4 identifies him in all three capacities, indicating both executive leadership and significant ownership in Exodus Movement, Inc. alongside his board position.