Gernetzke James 4
4 · Exodus Movement, Inc. · Filed Feb 4, 2026
Research Summary
AI-generated summary of this filing
Exodus Movement (EXOD) CFO James Gernetzke Sells 5,479 Shares
What Happened James Gernetzke, Chief Financial Officer of Exodus Movement (EXOD), had 5,479 shares of Class A common stock withheld to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs. The withheld shares were valued at $13.09 per share, for a total of $71,720. This was a withholding/tax payment (transaction code F), not an open-market sale initiated for cash.
Key Details
- Transaction date: 2026-02-01; Filing date: 2026-02-04.
- Shares withheld/disposed: 5,479 shares at $13.09 per share — total value $71,720.
- Transaction code: F (payment of exercise price or tax liability via share withholding).
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 confirms shares were withheld to satisfy tax withholding on vested RSUs; F2 notes $13.09 is the stock price on the vesting date; F3 lists the RSU grants and vesting schedules (grants from 2023–2025 that vest in monthly installments through 2027–2030).
Context This is a routine tax-withholding event tied to RSU vesting — common among executives — and does not necessarily signal bullish or bearish intent. The filing shows multiple outstanding RSU grants with staggered monthly vesting (see F3), explaining recurring withholding events. If timing or filing promptness is a concern, note the transaction date (Feb 1) and the Form 4 filing date (Feb 4).
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2][F3]2026-02-01$13.09/sh−5,479$71,720→ 501,959 total
Footnotes (3)
- [F1]In connection with the vesting and settlement of Restricted Stock Units ("RSUs") previously granted under the Issuer's equity incentive plans, the Issuer withheld shares of Company's Class A common stock, par value $0.000001 per share ("Class A Common Stock"), to satisfy its tax withholding obligations.
- [F2]Represents the price of the Company's Class A common stock on the vesting date.
- [F3]Includes (i) 71,615 RSUs originally granted on January 1, 2023 that vest in equal monthly installments through January 1, 2027, (ii) 73,493 RSUs originally granted on March 13, 2024 that vest in equal monthly installments through January 1, 2028 and (iii) 45,700 RSUs originally granted on May 21, 2025 that vest in equal monthly installments through January 1, 2029, (iv) 81,459 RSUs originally granted on December 30, 2025 that vest in equal monthly installments through January 1, 2030. Each RSU represents the right to receive one share of Class A Common Stock upon settlement.