Exodus Movement (EXOD) president reports RSU tax-withholding of 8,892 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Exodus Movement, Inc. President and 10% owner Daniel Castagnoli had 8,892 shares of Class A common stock withheld on April 1, 2026 at $6.50 per share to cover tax obligations upon RSU vesting. After this non-market tax-withholding disposition, he holds 737,101 shares directly, including sizable unvested RSU awards scheduled to vest monthly through 2029.
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 | $6.50 | $58K |
Holdings After Transaction:
Class A Common Stock — 737,101 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) 117,188 RSUs originally granted on January 1, 2023 that vest in equal monthly installments through January 1, 2027, (ii) 134,203 RSUs originally granted on March 13, 2024 that vest in equal monthly installments through January 1, 2028 and (iii) 44,068 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
Tax-withheld shares: 8,892 shares
Withholding price: $6.50 per share
Shares held after transaction: 737,101 shares
+3 more
6 metrics
Tax-withheld shares
8,892 shares
Withheld on April 1, 2026 for RSU tax obligations
Withholding price
$6.50 per share
Price of Class A common stock on RSU vesting date
Shares held after transaction
737,101 shares
Direct Class A common stock holdings after tax-withholding
2023 RSU grant
117,188 RSUs
Granted January 1, 2023; vest monthly through January 1, 2027
2024 RSU grant
134,203 RSUs
Granted March 13, 2024; vest monthly through January 1, 2028
2025 RSU grant
44,068 RSUs
Granted May 21, 2025; vest monthly through January 1, 2029
Key Terms
restricted stock units ("RSUs"), equity incentive plans, tax withholding obligations, vesting date
4 terms
restricted stock units ("RSUs") financial
"In connection with the vesting and settlement of restricted stock units ("RSUs") previously granted under the Issuer's equity incentive plans"
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.
equity incentive plans financial
"RSUs previously granted under the Issuer's equity incentive plans, the Issuer withheld shares"
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.
tax withholding obligations financial
"the Issuer withheld shares of Class A common stock ... to satisfy its tax withholding obligations"
vesting date financial
"Represents the price of the Company's Class A Common Stock on the vesting date"
FAQ
What did Exodus Movement (EXOD) insider Daniel Castagnoli report on this Form 4?
Daniel Castagnoli reported a tax-related share disposition. 8,892 shares of Class A common stock were withheld on April 1, 2026 at $6.50 per share to satisfy tax obligations from vested RSUs, rather than being sold in the open market.
Was the Exodus Movement (EXOD) Form 4 transaction an open-market sale?
No, it was not an open-market sale. The F code shows a tax-withholding disposition, meaning the company withheld 8,892 shares to cover taxes on RSU vesting, instead of the insider choosing to sell shares in the market.
What RSU awards for Exodus Movement (EXOD) does Daniel Castagnoli still have outstanding?
Castagnoli’s holdings include RSUs originally granted on 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.