Fold Holdings (FLD) CEO sells 18,332 shares for tax withholding
Rhea-AI Filing Summary
Fold Holdings, Inc. (FLD) reported that Chief Executive Officer and ten percent owner Reeves William Brian Poppic sold a total of 18,332 shares of common stock in two open-market transactions. On August 24, 2026 he sold 8,905 shares at $0.478 per share, and on August 25, 2026 he sold 9,427 shares at $0.496 per share. According to the company’s disclosure, these sales were executed to cover tax withholding obligations arising from the vesting and settlement of restricted stock units under a mandated "sell to cover" arrangement and are described as non-discretionary for Mr. Poppic.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 18,332 shares
Net Sell
2 txns
Insider
Reeves William Brian Poppic
Role
Chief Executive Officer
Sold
18,332 shs ($9K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 9,427 | $0.496 | $5K |
| Sale | Common Stock F1 | 8,905 | $0.478 | $4K |
Holdings After Transaction:
Common Stock — 5,432,085 shares (Direct)
Footnotes (1)
- F1. The sale reported on this Form 4 represents shares sold by Mr. Reeves to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. The sale is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by Mr. Reeves.
Key Figures
Shares sold on 2026-08-24: 8,905 shares of Common Stock
Sale price on 2026-08-24: $0.478 per share
Shares sold on 2026-08-25: 9,427 shares of Common Stock
+2 more
5 metrics
Shares sold on 2026-08-24
8,905 shares of Common Stock
Open-market or private sale by CEO Reeves William Brian Poppic on August 24, 2026
Sale price on 2026-08-24
$0.478 per share
Price for 8,905 shares of Fold Holdings, Inc. common stock sold on August 24, 2026
Shares sold on 2026-08-25
9,427 shares of Common Stock
Open-market or private sale by CEO Reeves William Brian Poppic on August 25, 2026
Sale price on 2026-08-25
$0.496 per share
Price for 9,427 shares of Fold Holdings, Inc. common stock sold on August 25, 2026
Total shares sold
18,332 shares
Combined total of both reported common stock sales by the CEO
Key Terms
sell to cover, restricted stock units, tax withholding obligations
3 terms
sell to cover financial
"funded by a "sell to cover" transaction and does not represent"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
restricted stock units financial
"in connection with the vesting and settlement of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"shares sold by Mr. Reeves to cover tax withholding obligations in connection"
FAQ
What insider transaction did FLD CEO Reeves William Brian Poppic report?
He reported selling a total of 18,332 shares of Fold Holdings, Inc. common stock in two transactions on August 24 and 25, 2026, in open-market or private sales designated as code "S" transactions.
On what dates did the FLD CEO’s Form 4 sales occur and at what prices?
Mr. Poppic sold 8,905 shares on August 24, 2026 at $0.478 per share and 9,427 shares on August 25, 2026 at $0.496 per share.
Were the FLD CEO’s sales under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as being under such a plan, and the footnote instead explains that the sales were required by the issuer’s election to use a "sell to cover" method for tax withholding on restricted stock units.
AI-generated analysis. How Rhea-AI works. Not financial advice.