Fold Holdings (FLD) CEO Reeves Sells 19,099 Shares

What Happened
Reeves William Brian Poppic, CEO of Fold Holdings, sold a total of 19,099 shares in two open-market/private sales to satisfy tax withholding tied to the vesting/settlement of restricted stock units. The transactions were: 9,619 shares on 2026-08-18 at $0.45 (reported amount $4,338) and 9,480 shares on 2026-08-19 at $0.45 (reported amount $4,285), totaling roughly $8,623. This was a sale (not a purchase) and per the filing was a mandatory "sell-to-cover" to satisfy tax obligations, not a discretionary trade by the CEO.

Key Details

• Transaction dates and prices:
  • 2026-08-18: Sold 9,619 shares @ $0.45 (reported proceeds $4,338)
  • 2026-08-19: Sold 9,480 shares @ $0.45 (reported proceeds $4,285)
• Total shares sold: 19,099; total reported proceeds: ~$8,623.
• Shares owned after transaction: Not disclosed in this Form 4.
• Footnote: Sale was to cover tax withholding related to RSU vesting — mandated by the issuer's "sell to cover" election (not discretionary).
• Filing timeliness: Form 4 filed 2026-08-20 for transactions on 2026-08-18/19; filing appears timely.
• Remarks: Exhibit 24 (Power of Attorney) referenced in the filing.

Context: This was a routine sell-to-cover tied to RSU vesting (tax withholding). Such transactions are common and do not necessarily indicate the insider’s broader view on the company.