[Form 4] Exodus Movement, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Exodus Movement, Inc. (EXOD) filed a Form 4 on 7 July 2025 reporting a routine insider transaction by Chief Legal Officer Veronica McGregor.

Key details:

• Transaction date: 1 July 2025
• Type: Code F (shares withheld by issuer to satisfy tax on RSU vesting)
• Shares withheld: 3,026 Class A common shares
• Price used: $28.83 per share (closing price on vesting date)
• Post-transaction holdings: 256,876 Class A shares, comprising 110,792 vested shares plus 146,084 unvested RSUs that vest monthly through 2028

No open-market purchase or sale occurred; the transaction merely covers payroll taxes linked to previously granted RSUs. The filing therefore provides little directional insight into management’s view of EXOD’s valuation and is considered neutral for investors.

Insights

Securities Analyst

TL;DR Routine RSU tax-withholding; no buy/sell signal, neutral impact.

The Code F designation indicates company-withheld shares to settle taxes upon RSU vesting—not an elective market transaction. The volume (3,026 shares, <1% of McGregor’s stake) is immaterial relative to EXOD’s float, and the officer’s ownership remains substantial at 256,876 shares. The vesting schedule of 146k RSUs extends to 2028, suggesting continued long-term alignment, but does not materially change supply dynamics. I classify the filing as non-impactful for valuation or sentiment purposes.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

McGregor Veronica

(Last) (First) (Middle)

15418 WEIR ST., #333

(Street)

OMAHA NE 68137

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Exodus Movement, Inc. [ EXOD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	07/01/2025		F		3,026(1)	D	$28.83(2)	256,876(3)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

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.

2. Represents the price of the Company's Class A Common Stock on the vesting date.

3. Includes (i) 4,051 RSUs originally granted on January 4, 2022 that vest in equal monthly installments through January 1, 2026, (ii) 78,126 RSUs originally granted on January 1, 2023 that vest in equal monthly installments through January 1, 2027 and (iii) 63,907 RSUs originally granted on March 13, 2024 that vest in equal monthly installments through January 1, 2028. Each RSU represents the right to receive one share of Class A Common Stock upon settlement.

	/s/ James Gernetzke, attorney-in-fact for Veronica McGregor	07/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did EXOD's Chief Legal Officer report in the latest Form 4?

Veronica McGregor reported that 3,026 EXOD shares were withheld by the company to pay taxes on vested RSUs.

How many Exodus Movement (EXOD) shares were withheld and at what price?

3,026 shares were withheld at a reference price of $28.83 per share.

How many EXOD shares does Veronica McGregor own after the transaction?

She directly owns 256,876 Class A shares, including unvested RSUs.

Does the Form 4 indicate an open-market purchase or sale by the insider?

No. The Code F transaction reflects tax withholding; no open-market trade occurred.

What is the vesting schedule for McGregor's outstanding RSUs in EXOD?

RSUs granted in 2022, 2023 and 2024 vest monthly through January 2026, 2027 and 2028, respectively.