Richardson Jon Paul 4

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.