Fold Holdings CEO sells 5,304 shares to cover taxes
The chief executive officer's reported sales covered RSU tax withholding through an issuer-required sell-to-cover transaction, rather than a discretionary sale.
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Form Type
4
Rhea-AI Filing Summary
William Brian Poppic Reeves, Fold Holdings, Inc.'s Chief Executive Officer and ten percent owner, reported converting 1,075 and 11,548 restricted stock units into common stock on October 1, 2026, on a one-for-one basis. On October 2, he sold 453 and 4,851 shares at $0.5300 per share, totaling 5,304 shares. The sales covered tax withholding tied to RSU vesting and settlement; the issuer required this sell-to-cover method, and the transactions were not discretionary. No Rule 10b5-1 plan is reported.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
6 txns
Insider
Reeves William Brian Poppic
Role
Chief Executive Officer
Sold
5,304 shs ($3K)
Approx. gross sale proceeds
$3K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F2 | 453 | $0.53 | $240.09 |
| Sale | Common Stock F2 | 4,851 | $0.53 | $3K |
| Exercise | Restricted Stock Units F3, F5, F4 | 1,075 | -- | -- |
| Exercise | Restricted Stock Units F3, F5, F6 | 11,548 | -- | -- |
| Exercise | Common Stock F1 | 1,075 | -- | -- |
| Exercise | Common Stock F1 | 11,548 | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 23,097 contracts (Direct);
Common Stock — 5,446,247 shares (Direct)
Footnotes (6)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. 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.
- F3. Not applicable.
- F4. The restricted stock units vest as to one-fourth of the underlying shares beginning on October 1, 2023 and thereafter in 48 equal monthly installments, subject to Mr. Reeves' continued service through the applicable vesting date and a liquidity event vesting condition. The liquidity event vesting condition was deemed met upon the merger of Legacy Fold, Issuer and FTAC EMLD Merger Sub Inc. on February 14, 2025 (the "Merger").
- F5. Represents securities received as part of the Issuer's business combination, in connection with that certain Agreement and Plan of Merger, dated as of July 24, 2024 (the "Merger Agreement"), by and among the Issuer (formerly FTAC Emerald Acquisition Corp.), FTAC EMLD Merger Sub Inc. and Fold, Inc. ("Legacy Fold"), pursuant to which each outstanding Legacy Fold RSU Award was automatically converted into an award of restricted stock units covering a number of shares of the Issuer's Common Stock based on the exchange ratio described in the Issuer's Registration Statement on Form S-4, as amended (Reg. No. 333-282520).
- F6. The restricted stock units vest as to one-fourth of the underlying shares beginning on December 1, 2023 and thereafter in 48 equal monthly installments, subject to Mr. Reeves' continued service through the applicable vesting date and a liquidity event vesting condition. The liquidity event vesting condition was deemed met upon the Merger.
Key Figures
Shares sold: 5,304 shares
Sale price: $0.5300 per share
Restricted stock units converted to common stock: 1,075 shares
+1 more
4 metrics
Shares sold
5,304 shares
October 2, 2026; two reported sale entries
Sale price
$0.5300 per share
October 2, 2026
Restricted stock units converted to common stock
1,075 shares
October 1, 2026; one-for-one conversion
Restricted stock units converted to common stock
11,548 shares
October 1, 2026; one-for-one conversion
Key Terms
Restricted Stock Units, sell to cover, liquidity event vesting condition, 48 equal monthly installments
4 terms
Restricted Stock Units financial
"Restricted stock units convert into common stock on a one-for-one basis"
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.
sell to cover financial
"funded by a "sell to cover" transaction"
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.
liquidity event vesting condition financial
"subject to continued service and a liquidity event vesting condition"
48 equal monthly installments financial
"thereafter in 48 equal monthly installments"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were the vesting terms for William Brian Poppic Reeves' FLD restricted stock units?
The restricted stock units vested as to one-fourth of the underlying shares beginning October 1, 2023, followed by 48 equal monthly installments, subject to continued service and a liquidity event vesting condition. That condition was deemed met upon the merger on February 14, 2025.
AI-generated analysis. How Rhea-AI works. Not financial advice.
