Fold Holdings: CEO Reeves William Brian Poppic sold 5,304 shares

What happened

• Reeves William Brian Poppic, CEO, reported exercise/conversion of restricted stock units totaling 12,623 shares (1,075 and 11,548) on Oct 1, 2026, and reported open-market sales of 453 and 4,851 shares on Oct 2, 2026 at $0.53 per share, with proceeds reported as $240 and $2,571 (total $2,811). The filing lists the exercise/conversion transactions as transaction code M and the sales as transaction code S.

Key details

• Transaction dates and prices: Oct 1, 2026 (exercise/conversion of 1,075 and 11,548 RSUs, price N/A); Oct 2, 2026 (sale of 453 shares at $0.53 for $240; sale of 4,851 shares at $0.53 for $2,571).
• Shares owned after the transaction: not reported on Form 4.
• Footnotes: RSUs convert into common stock on a one-for-one basis (F1); the sales were made to satisfy tax withholding in connection with vesting (sell-to-cover mandated by the issuer) (F2); the RSUs include awards converted from Legacy Fold RSUs in connection with the merger and vest subject to monthly schedules and a liquidity-event condition deemed met on Feb 14, 2025 (F4, F5, F6).
• Filing date: filed Oct 5, 2026 (Accession 0001193125-26-414784). Exhibit 24 power of attorney incorporated by reference.

Why it may matter

• The filing shows conversion of RSUs and partial immediate sale of shares to satisfy tax withholding (a sell-to-cover, not a discretionary market sale by the insider).
• The derivative transactions were exercises/conversions of restricted stock units, not gifts or open discretionary purchases.
• This filing does not show why the insider traded or why the company acted.