Exodus Movement (EXOD) president reports RSU tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Exodus Movement, Inc. President and 10% owner Daniel Castagnoli reported a tax-related share disposition tied to restricted stock units (RSUs). On the vesting date, the company withheld 8,892 shares of Class A Common Stock at $10.20 per share to cover tax withholding obligations, rather than selling shares on the market. After this withholding, Castagnoli directly owned 745,993 shares of Class A Common Stock.
Footnotes explain that these holdings also relate to RSU awards originally granted in 2023, 2024, and 2025, which vest in equal monthly installments through January 1, 2027, January 1, 2028, and January 1, 2029, respectively. Each RSU entitles the holder to one share of Class A Common Stock upon settlement.
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 | $10.20 | $91K |
Holdings After Transaction:
Class A Common Stock — 745,993 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 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) 130,209 RSUs originally granted on January 1, 2023 that vest in equal monthly installments through January 1, 2027, (ii) 140,594 RSUs originally granted on March 13, 2024 that vest in equal monthly installments through January 1, 2028 and (iii) 45,403 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 Daniel Castagnoli?
Exodus Movement reported a tax-withholding disposition by President and 10% owner Daniel Castagnoli. The company withheld 8,892 shares of Class A Common Stock upon RSU vesting to satisfy tax obligations, rather than executing an open-market sale of shares.
What RSU grants are associated with Daniel Castagnoli’s Exodus Movement (EXOD) holdings?
Footnotes state his position includes RSUs granted January 1, 2023, March 13, 2024, and May 21, 2025. These RSUs vest in equal monthly installments through January 1, 2027, January 1, 2028, and January 1, 2029, each convertible into one share upon settlement.
Is the Exodus Movement (EXOD) Form 4 transaction an open-market sale by Daniel Castagnoli?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Exodus Movement withheld the shares when RSUs vested to meet tax obligations, meaning shares were retained by the issuer rather than sold into the public market.