Exodus Movement (EXOD) CFO reports RSU tax withholding, holds 491,001 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Exodus Movement, Inc. Chief Financial Officer James Gernetzke reported a routine tax-related share withholding tied to vested RSUs. On the vesting date, 5,479 shares of Class A Common Stock were withheld by the company at $6.50 per share to cover tax obligations, rather than sold on the open market.
After this tax-withholding disposition, he directly holds 491,001 shares of Class A Common Stock. His equity position also includes RSUs that vest monthly through 2030, with grants of 58,594 RSUs from January 1, 2023, 67,102 from March 13, 2024, 43,088 from May 21, 2025, and 77,917 from December 30, 2025, each convertible into an equal number of shares upon settlement.
Positive
- None.
Negative
- None.
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 | $6.50 | $36K |
Holdings After Transaction:
Class A Common Stock — 491,001 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) 58,594 RSUs originally granted on January 1, 2023 that vest in equal monthly installments through January 1, 2027, (ii) 67,102 RSUs originally granted on March 13, 2024 that vest in equal monthly installments through January 1, 2028 and (iii) 43,088 RSUs originally granted on May 21, 2025 that vest in equal monthly installments through January 1, 2029, (iv) 77,917 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
Shares withheld for taxes: 5,479 shares
Reference share price: $6.50 per share
Shares held after transaction: 491,001 shares
+4 more
7 metrics
Shares withheld for taxes
5,479 shares
Tax-withholding disposition on RSU vesting date
Reference share price
$6.50 per share
Price of Class A Common Stock on RSU vesting date
Shares held after transaction
491,001 shares
Direct Class A Common Stock holdings following tax withholding
2023 RSU grant
58,594 RSUs
Granted January 1, 2023, vesting monthly through January 1, 2027
2024 RSU grant
67,102 RSUs
Granted March 13, 2024, vesting monthly through January 1, 2028
2025 RSU grant (May)
43,088 RSUs
Granted May 21, 2025, vesting monthly through January 1, 2029
2025 RSU grant (Dec)
77,917 RSUs
Granted December 30, 2025, vesting monthly through January 1, 2030
Key Terms
Restricted Stock Units ("RSUs"), tax withholding obligations, equity incentive plans, Class A Common Stock, +1 more
5 terms
Restricted Stock Units ("RSUs") financial
"In connection with the vesting and settlement of Restricted Stock Units ("RSUs") previously granted"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
tax withholding obligations financial
"the Issuer withheld shares ... 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.
Class A Common Stock financial
"shares of Company's Class A common stock, par value $0.000001 per share"
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 did Exodus Movement (EXOD) CFO James Gernetzke report in this Form 4?
He reported a tax-withholding disposition of 5,479 shares of Class A Common Stock at $6.50 per share. The shares were withheld by the company to satisfy tax obligations from vested RSUs, not sold in an open-market transaction.
Is the Exodus Movement (EXOD) CFO’s Form 4 transaction an open-market sale?
No, the transaction reflects 5,479 shares withheld to cover tax liabilities on vested RSUs at $6.50 per share. The company retained these shares to pay taxes, so it does not represent a discretionary open-market sale of stock.
What RSU grants does the Exodus Movement (EXOD) CFO still have outstanding?
Outstanding RSUs include 58,594 granted January 1, 2023, 67,102 granted March 13, 2024, 43,088 granted May 21, 2025, and 77,917 granted December 30, 2025. These vest in equal monthly installments, with final vesting dates ranging from 2027 through 2030.