Castagnoli Daniel 4

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.