Fold Holdings, Inc.: CFO Repass Wolfe exercised 4,196 shares

What happened

• The filing shows that Repass Wolfe, CFO, converted restricted stock units into 4,196 shares of common stock on Oct 1, 2026 (three conversion events of 2,639; 17; and 1,540 shares).
• The filing shows Mr. Wolfe sold 1,231 shares in open-market transactions on Oct 2, 2026 at $0.53 per share for aggregate proceeds of $653. The Form 4 also reports corresponding dispositions of the derivative awards on Oct 1, 2026.

Key details

• Transaction dates and prices:
  • Oct 1, 2026: exercise/conversion (code M) of 2,639 shares, 17 shares, and 1,540 shares (RSU conversions).
  • Oct 2, 2026: open-market sales of 5 shares at $0.53 for $3; 774 shares at $0.53 for $410; and 452 shares at $0.53 for $240.
• Total converted/acquired: 4,196 shares. Total sold: 1,231 shares for $653.
• Shares owned after the transaction: not disclosed in this Form 4.
• Relevant footnotes from the filing:
  • F1: restricted stock units convert into common stock on a one-for-one basis.
  • F2: the sales were to cover tax withholding obligations and were required by the issuer's "sell to cover" election (not discretionary sales by Mr. Wolfe).
  • F4–F7 and F5: vesting schedules are described and the liquidity event vesting condition was satisfied upon the merger that converted legacy Fold awards into Issuer RSUs.
  • Remark: Exhibit 24 (power of attorney) is incorporated by reference.
• Filing: submitted on Oct 5, 2026 (reported period Oct 1, 2026), which is within the two-business-day Form 4 filing window for the Oct 1 transactions.

Why it may matter

• The filing shows conversion of RSUs into common stock and that a portion of those shares were sold immediately in a sell-to-cover transaction to satisfy tax withholding.
• The Form 4 reports exercise/conversion of derivative awards and separate open-market sales; it does not explain motives or company reasoning.
• A filing does not show why the insider traded or why the company acted.