Fold Holdings (FLD) CEO sells shares to cover tax bill
Rhea-AI Filing Summary
Fold Holdings, Inc. (FLD) reported that Chief Executive Officer and ten percent owner William Brian Poppic Reeves executed two sales of Common Stock. On August 21, 2026 he sold 10,045 shares at $0.488 per share, and on August 20, 2026 he sold 8,911 shares at $0.476 per share.
According to the disclosure, both transactions were "sell to cover" sales mandated by the company to satisfy Mr. Reeves' tax withholding obligations arising from the vesting and settlement of restricted stock units, and are described as not being discretionary trades by him. The Rule 10b5-1 checkbox is not marked as a plan trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 18,956 shares
Net Sell
2 txns
Insider
Reeves William Brian Poppic
Role
Chief Executive Officer
Sold
18,956 shs ($9K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 10,045 | $0.488 | $5K |
| Sale | Common Stock F1 | 8,911 | $0.476 | $4K |
Holdings After Transaction:
Common Stock — 5,450,417 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 August 21, 2026: 10,045 shares of Common Stock
Shares sold August 20, 2026: 8,911 shares of Common Stock
Total shares sold: 18,956 shares of Common Stock
+2 more
5 metrics
Shares sold August 21, 2026
10,045 shares of Common Stock
Sale by CEO William Brian Poppic Reeves at $0.488 per share
Shares sold August 20, 2026
8,911 shares of Common Stock
Sale by CEO William Brian Poppic Reeves at $0.476 per share
Total shares sold
18,956 shares of Common Stock
Sum of both reported sales by CEO William Brian Poppic Reeves
Price per share August 21, 2026
$0.488 per share
Sale price for 10,045 shares of Common Stock
Price per share August 20, 2026
$0.476 per share
Sale price for 8,911 shares of Common Stock
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 transactions did FLD report for CEO William Brian Poppic Reeves?
Fold Holdings, Inc. reported that CEO William Brian Poppic Reeves sold 10,045 shares at $0.488 on August 21, 2026 and 8,911 shares at $0.476 on August 20, 2026, all in Common Stock, totaling 18,956 shares sold.
Were the August 2026 FLD insider sales made under a Rule 10b5-1 plan?
No. The Rule 10b5-1 checkbox is not marked, indicating the August 20 and 21, 2026 sales of Fold Holdings, Inc. Common Stock by CEO William Brian Poppic Reeves were not reported as Rule 10b5-1 trading plan transactions.
Does the Form 4 state the FLD CEO’s holdings after these sales?
No. For each reported transaction, the field for total shares following the transaction is left blank, so the filing does not state CEO William Brian Poppic Reeves’ remaining Common Stock holdings after these sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.