Fold Holdings, Inc: Chief technology officer Thomas J. Dickman sold 6 shares

What happened

• The Form 4 reports that Thomas J. Dickman, chief technology officer, sold 6 shares at $0.53 per share on Oct 2, 2026 for $3.
• The filing also reports conversion/exercise activity on Oct 1, 2026: 17 restricted stock units were exercised/converted into 17 shares (transaction price reported as N/A), and a related derivative disposition of 17 shares is recorded the same day.

Key details

• Transaction dates and prices:
  • Oct 1, 2026: exercised/converted 17 RSUs into 17 shares (price N/A).
  • Oct 1, 2026: derivative disposition of 17 shares (listed as derivative; price N/A).
  • Oct 2, 2026: open-market sale of 6 shares at $0.53 per share, total $3.
• Shares owned after the transaction: not reported in the Form 4.
• Relevant footnotes:
  • F1: restricted stock units convert into common stock on a one-for-one basis.
  • F3/F4: the RSUs vest over time and were converted in connection with the issuer's merger; the liquidity event vesting condition was deemed met upon the merger.
  • F5: the sale of 6 shares was a mandated "sell to cover" to satisfy tax withholding and does not represent a discretionary sale by Mr. Dickman.
• Filing date: Form 4 filed on Oct 5, 2026. (No late-filing flag reported on the form.)

Why it may matter

• The Oct 1 activity reflects RSU settlement (conversion of restricted stock units into common shares). The Oct 2 sale was a sell-to-cover tax withholding transaction, not described as a discretionary open-market sale by the insider.
• The filing does not show why the insider traded or why the company acted.