Fold Holdings (FLD) CEO sells shares in tax ‘sell to cover’
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 19,099 shares of common stock on August 18–19, 2026 at prices around $0.45 per share. According to the disclosure, each sale was executed solely to cover tax withholding obligations arising from the vesting and settlement of restricted stock units under a mandatory "sell to cover" election by the company, and is described as not a discretionary transaction by Mr. Reeves. The filing indicates these transactions were not made under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 19,099 shares
Net Sell
2 txns
Insider
Reeves William Brian Poppic
Role
Chief Executive Officer
Sold
19,099 shs ($9K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 9,480 | $0.452 | $4K |
| Sale | Common Stock F1 | 9,619 | $0.451 | $4K |
Holdings After Transaction:
Common Stock — 5,469,373 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 2026-08-18: 9,619 shares of Common Stock
Price per share on 2026-08-18: $0.4510 per share
Shares sold on 2026-08-19: 9,480 shares of Common Stock
+2 more
5 metrics
Shares sold on 2026-08-18
9,619 shares of Common Stock
Open-market or private sale by CEO Reeves William Brian Poppic to cover tax withholding obligations
Price per share on 2026-08-18
$0.4510 per share
Sale price for 9,619 shares of Common Stock
Shares sold on 2026-08-19
9,480 shares of Common Stock
Open-market or private sale by CEO Reeves William Brian Poppic to cover tax withholding obligations
Price per share on 2026-08-19
$0.4520 per share
Sale price for 9,480 shares of Common Stock
Total shares sold in this filing
19,099 shares of Common Stock
Aggregate of two non-derivative sale transactions reported in the transaction summary
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 Reeves William Brian Poppic?
The CEO reported two sales totaling 19,099 common shares on August 18 and 19, 2026, with sale prices around $0.45 per share. The transactions are described as sales to cover tax withholding obligations from restricted stock unit vesting.
Were the FLD insider sales made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is unchecked, and there is no footnote indicating a trading plan. The footnote instead explains the transactions as mandatory sell-to-cover sales to fund tax withholding on restricted stock unit vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.