Richardson Jon Paul 4

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.