Fold Holdings (FLD) COO sells 2,109 shares in mandated tax sell-to-cover
Rhea-AI Filing Summary
Fold Holdings, Inc. reports that Chief Operating Officer Matt McManus sold 2,109 shares of common stock on 2026-07-22 at $0.45 per share, leaving him with 382,879 shares held directly.
According to the footnote, this sell-to-cover transaction was mandated to satisfy tax withholding on vested restricted stock units and did not represent a discretionary trade or a Rule 10b5-1 plan transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,109 shares
Net Sell
1 txn
Insider
McManus Matt
Role
Chief Operating Officer
Sold
2,109 shs ($949.05)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 2,109 | $0.45 | $949.05 |
Holdings After Transaction:
Common Stock — 382,879 shares (Direct)
Footnotes (1)
- F1. The sale reported on this Form 4 represents shares sold by Mr. McManus 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. McManus.
Key Figures
Shares sold: 2,109 shares
Sale price per share: $0.45
Shares owned after transaction: 382,879 shares
3 metrics
Shares sold
2,109 shares
Sale of common stock on 2026-07-22
Sale price per share
$0.45
Price per share for the 2,109-share sale
Shares owned after transaction
382,879 shares
Direct holdings of Matt McManus following the reported sale
Key Terms
sell to cover, restricted stock units, tax withholding obligations
3 terms
sell to cover financial
"to require the satisfaction of tax withholding obligations to be funded by a "sell to cover""
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
"represents shares sold by Mr. McManus to cover tax withholding obligations in connection"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did FLD report for COO Matt McManus?
Fold Holdings (FLD) reported that COO Matt McManus sold 2,109 shares of common stock on 2026-07-22. The filing states the sale was linked to tax withholding on vesting restricted stock units, not a discretionary trade.
Why did Matt McManus sell Fold Holdings (FLD) stock in this Form 4 filing?
The filing explains the sale was to cover tax withholding obligations related to the vesting and settlement of restricted stock units. It describes the trade as a mandated “sell to cover” transaction, not a discretionary decision by McManus.
Was the FLD COO’s sale executed under a Rule 10b5-1 trading plan?
The Rule 10b5-1 checkbox is not marked, and the footnote describes the sale as a mandatory sell-to-cover for taxes. The disclosure characterizes it as non-discretionary rather than a pre-arranged Rule 10b5-1 trading plan.
What type of security did Matt McManus trade in this Fold Holdings (FLD) Form 4?
The transaction involved Common Stock, classified as a non-derivative security. The sale was associated with tax obligations tied to underlying restricted stock units that had vested and settled.