Reeves William Brian Poppic 4
4 · Fold Holdings, Inc. · Filed May 26, 2026
Research Summary
AI-generated summary of this filing
Fold Holdings (FLD) CEO Reeves Sells Shares
What Happened Reeves William Brian Poppic, CEO of Fold Holdings (FLD), reported two sales (S) on his Form 4 related to the vesting and settlement of restricted stock units. On 2026-05-21 he sold 7,713 shares at $1.22 each for $9,379, and on 2026-05-22 he sold 8,698 shares at $1.15 each for $9,968 — a combined 16,411 shares and roughly $19,347. According to the filing, these were mandatory "sell-to-cover" transactions to satisfy tax withholding and were not discretionary sales by the CEO.
Key Details
- Transaction dates and prices: 5/21/2026 — 7,713 shares @ $1.22 ($9,379); 5/22/2026 — 8,698 shares @ $1.15 ($9,968).
- Total sold: 16,411 shares for ≈ $19,347.
- Reason/footnote: Sale executed to cover tax withholding on vested RSUs (mandated by issuer election; not a voluntary sell).
- Filing: Form 4 filed 2026-05-26 reporting the 5/21–5/22 trades (filed one business day after the typical 2-business-day reporting window).
- Shares owned after the transaction: Not specified in the provided filing excerpt.
- Additional remark: Exhibit 24 (Power of Attorney) is referenced in the filing.
Context These transactions are routine sell-to-cover sales tied to RSU vesting (tax-related) rather than discretionary insider selling for cash or investment reasons. For retail investors, purchase transactions tend to be more informative about insider conviction; mandated tax sales like these are common and do not necessarily signal a change in the CEO's view of the company.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-05-21$1.22/sh−7,713$9,379→ 5,501,066 total - Sale
Common Stock
[F1]2026-05-22$1.15/sh−8,698$9,968→ 5,492,368 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.