Richardson Jon Paul 4
4 · Exodus Movement, Inc. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Exodus (EXOD) CEO Jon Paul Richardson Sells 9,464 Shares
What Happened Jon Paul Richardson, CEO of Exodus Movement, reported a disposition of 9,464 shares on March 1, 2026. The shares were withheld by the company to satisfy tax withholding obligations tied to RSU vesting — reported at $10.20 per share for a total value of $96,533. This is a routine tax-withholding disposition (transaction code F), not an open-market sale for cash proceeds.
Key Details
- Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (no late filing indicated in the excerpt).
- Transaction type/code: Tax withholding on RSU settlement (F).
- Shares: 9,464 shares withheld at $10.20 per share = $96,533. (Footnote: $10.20 is the market price on the vesting date.)
- Shares owned after transaction: Not specified in the provided excerpt — see the full Form 4 for current holdings.
- Relevant footnotes: Withholding was done to satisfy tax obligations upon settlement of RSUs (F1). The filing cites three RSU grants totaling 361,608 RSUs that vest on monthly schedules through 2027–2029 (F3).
Context This was a cashless-like withholding of shares to cover taxes when RSUs vested — a common administrative action that appears as a disposal on Form 4 but does not reflect an open-market sale or a change in investment stance. The underlying RSUs represent rights to receive shares upon settlement; the filing shows portions of multiple RSU grants with staggered vesting through 2027–2029.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2][F3]2026-03-01$10.20/sh−9,464$96,533→ 824,574 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) 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) 90,805 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.