Gernetzke James 4
4 · Exodus Movement, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Exodus (EXOD) CFO James Gernetzke Sells 5,479 Shares (Tax Withholding)
What Happened James Gernetzke, Chief Financial Officer of Exodus Movement, had 5,479 shares of Class A common stock withheld by the company on March 1, 2026 to satisfy tax withholding obligations related to the vesting and settlement of RSUs. The filing reports these shares disposed at $10.20 per share, for a total value of $55,886. This was a tax-withholding disposal (routine) tied to RSU settlement, not an open-market sale for personal cash proceeds.
Key Details
- Transaction date: 2026-03-01; filing date (Form 4): 2026-03-03 (appears timely under the two-business-day rule).
- Transaction type/code: F — shares withheld to satisfy tax liability.
- Shares withheld/disposed: 5,479 shares at $10.20 per share — total $55,886. (F2 notes $10.20 is the price on the vesting date.)
- Shares owned after transaction: not stated in the filing.
- Relevant footnotes: F1 — withholding of shares to cover tax obligations on vested RSUs; F3 — details prior RSU grants and vesting schedules (grants from 2023, 2024, 2025, and 2025-12-30 that vest monthly through 2027–2030). Each RSU converts to one share on settlement.
Context This transaction reflects a common, administrative disposal when restricted stock units vest and the company withholds shares for taxes. It does not necessarily indicate a buy/sell decision by the insider in the open market.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2][F3]2026-03-01$10.20/sh−5,479$55,886→ 496,480 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) 65,105 RSUs originally granted on January 1, 2023 that vest in equal monthly installments through January 1, 2027, (ii) 70,297 RSUs originally granted on March 13, 2024 that vest in equal monthly installments through January 1, 2028 and (iii) 44,394 RSUs originally granted on May 21, 2025 that vest in equal monthly installments through January 1, 2029, (iv) 79,688 RSUs originally granted on December 30, 2025 that vest in equal monthly installments through January 1, 2030. Each RSU represents the right to receive one share of Class A Common Stock upon settlement.