Exodus CFO has shares withheld for RSU taxes
Exodus Movement, Inc. Chief Financial Officer James Gernetzke reported a routine tax-related share withholding tied to vested RSUs.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Common Stock | 5,479 | $6.50 | $36K |
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 Company's 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) 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
Key Terms
Restricted Stock Units ("RSUs") financial
tax withholding obligations financial
equity incentive plans financial
Class A Common Stock financial
vesting date financial
FAQ
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What did Exodus Movement (EXOD) CFO James Gernetzke report in this Form 4?
Is the Exodus Movement (EXOD) CFO’s Form 4 transaction an open-market sale?
What RSU grants does the Exodus Movement (EXOD) CFO still have outstanding?
AI-generated analysis. How Rhea-AI works. Not financial advice.