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.