Castagnoli Daniel 4
4 · Exodus Movement, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Exodus (EXOD) 10% Owner Daniel Castagnoli Sells 8,892 Shares
What Happened
Daniel Castagnoli, a reported 10% owner of Exodus Movement, had 8,892 shares of Class A common stock withheld on March 1, 2026 to satisfy tax withholding obligations related to vested restricted stock units (RSUs). The filing reports the shares were valued at $10.20 each, for a total of approximately $90,698. This was a tax-withholding disposition (transaction code F), not an open-market sale.
Key Details
- Transaction date and price: March 1, 2026 at $10.20 per share.
- Shares disposed/withheld: 8,892 shares; total value ≈ $90,698.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: Withholding occurred in connection with RSU vesting (F1); $10.20 represents the share price on the vesting date (F2). The filing notes multiple RSU grants that vest monthly through 2027–2029 (F3).
- Timeliness: Form 4 was filed March 3, 2026 for a March 1 transaction (filed within the typical two-business-day window).
Context
This was a routine tax-withholding event accompanying the settlement of RSUs (a cashless/withholding settlement), not a voluntary open-market sale that might indicate a change in sentiment. For retail investors, tax-withholdings on RSU vesting are common and reflect compensation mechanics rather than a directional insider trade.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2][F3]2026-03-01$10.20/sh−8,892$90,698→ 745,993 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 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) 130,209 RSUs originally granted on January 1, 2023 that vest in equal monthly installments through January 1, 2027, (ii) 140,594 RSUs originally granted on March 13, 2024 that vest in equal monthly installments through January 1, 2028 and (iii) 45,403 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.