Repass Wolfe 4

What Happened Repass Wolfe, Chief Financial Officer of Fold Holdings (FLD), had 695 restricted stock units convert into 695 shares on March 19, 2026. A portion of those shares (176) were sold in an open‑market "sell‑to‑cover" transaction on March 20, 2026 at $1.25 per share for total reported proceeds of $219. Net from the settlement and the sell‑to‑cover, Wolfe retained a net increase of 519 shares (695 acquired minus 176 sold). The sale was a mandatory tax‑withholding transaction, not a discretionary cash‑out.

Key Details

• Transaction dates: RSU conversion on 2026-03-19; open‑market sale of 176 shares on 2026-03-20 at $1.25/share (proceeds $219).
• Acquired: 695 shares (conversion of RSUs); Disposed: 176 shares sold; derivative (RSU) entries reflect the conversion of 695 RSUs into common stock.
• Shares owned after transaction: the filing does not state total beneficial ownership; net increase from this event = +519 shares.
• Notable footnotes: F2 confirms the 176‑share sale was a mandatory "sell‑to‑cover" for tax withholding; F1 notes RSUs convert 1:1 to common stock; F4/F5 describe vesting schedule and conversion of Legacy Fold RSUs in the 2025 merger.
• Filing: Form filed 2026-03-23 covering the 3/19–3/20 transactions (filed four days after the March 19 conversion; Form 4s are typically due within two business days of a transaction).

Context This filing reflects an RSU settlement followed by a routine sell‑to‑cover to satisfy tax withholding — common for equity compensation and not generally viewed as a voluntary bearish signal. The derivative entries represent RSU conversion (not a market purchase), and only the 176 shares were sold on the open market. Purchases by insiders are generally more informative than mandated withholding sales.