Gernetzke James 4

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).