Reeves William Brian Poppic 4
4 · Fold Holdings, Inc. · Filed May 20, 2026
Research Summary
AI-generated summary of this filing
Fold Holdings (FLD) CEO Reeves Sells 20,362 Shares
What Happened
Reeves William Brian Poppic, CEO of Fold Holdings, sold a total of 20,362 shares in two transactions to satisfy tax withholding obligations tied to vested restricted stock units (RSUs). The sales were: 9,681 shares on 2026-05-18 at $1.24 ($12,004) and 10,681 shares on 2026-05-19 at $1.22 ($12,999), for total proceeds of $25,003. These were sales (not purchases) and were conducted as sell-to-cover transactions mandated to cover taxes on RSU settlement.
Key Details
- Transaction dates/prices:
- 2026-05-18: Sold 9,681 shares @ $1.24 — $12,004
- 2026-05-19: Sold 10,681 shares @ $1.22 — $12,999
- Total shares sold: 20,362; total proceeds: $25,003.
- Transaction code: S (Sale). Footnote F1: sales were required to satisfy tax withholding on RSU vesting (issuer-mandated "sell to cover"); not discretionary trades by the insider.
- Filing: Form 4 filed 2026-05-20 (reporting period begins 2026-05-18). Filing appears timely under the standard 2-business-day rule.
- Shares owned after this transaction: Not specified in the provided filing excerpt.
- Exhibit noted: Exhibit 24 (Power of Attorney) incorporated by reference.
Context
These were routine sell-to-cover sales connected to RSU vesting and required by the issuer’s tax-withholding election, which means they reflect tax logistics rather than an independent decision to liquidate equity. Such mandated sales are common after awards vest and are generally less informative about the insider’s view on the company than voluntary open-market purchases.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-05-18$1.24/sh−9,681$12,004→ 5,519,460 total - Sale
Common Stock
[F1]2026-05-19$1.22/sh−10,681$12,999→ 5,508,779 total
Footnotes (1)
- [F1]The sale reported on this Form 4 represents shares sold by Mr. Reeves to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. The initial grant of such restricted stock units was previously reported in Table I. The sale is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by Mr. Reeves.