Richardson Jon Paul 4
4 · Exodus Movement, Inc. · Filed Feb 4, 2026
Research Summary
AI-generated summary of this filing
Exodus (EXOD) CEO Jon Paul Richardson Withholds 9,464 Shares for Taxes
What Happened Jon Paul Richardson, Chief Executive Officer of Exodus Movement, reported that 9,464 shares of Class A common stock were withheld to satisfy tax withholding obligations in connection with the vesting and settlement of previously granted RSUs. The withholding value was $123,884, calculated at $13.09 per share (the reported share price on the vesting date). This was a tax-withholding transaction (code F), not an open-market sale.
Key Details
- Transaction date: 2026-02-01; Form 4 filed: 2026-02-04.
- Shares withheld/disposed: 9,464 at $13.09 per share; total value reported $123,884.
- Transaction code: F (shares withheld to satisfy tax liabilities on RSU settlement).
- Shares owned after transaction: Not specified on this Form 4.
- Footnotes of note:
- F1: Company withheld shares to meet tax withholding obligations on RSU settlement.
- F2: $13.09 represents the company’s share price on the vesting date.
- F3: The RSUs relate to multiple grants (Jan 1, 2023; Mar 13, 2024; May 21, 2025) vesting monthly through 2027–2029.
Context This was a routine tax-withholding event tied to RSU vesting (a common "cashless" settlement where the company retains shares to cover taxes). Such withholdings do not necessarily signal bullish or bearish insider intent, since they are administrative actions to satisfy tax obligations rather than discretionary open-market trades.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2][F3]2026-02-01$13.09/sh−9,464$123,884→ 834,038 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) 143,230 RSUs originally granted on January 1, 2023 that vest in equal monthly installments through January 1, 2027, (ii) 146,984 RSUs originally granted on March 13, 2024 that vest in equal monthly installments through January 1, 2028 and (iii) 93,476 RSUs originally granted on May 21, 2025 that vest in equal monthly installments through January 1, 2029. Each RSU represents the right to receive one share of Class A Common Stock upon settlement.