Gernetzke James 4

What Happened
James Gernetzke, Chief Financial Officer of Exodus Movement (EXOD), had 5,479 shares of Class A common stock withheld to satisfy tax withholding on vested Restricted Stock Units (RSUs). The shares were valued at $7.59 each for a total of approximately $41,586. This was a withholding to cover tax liability (transaction code F), not an open‑market sale intended as a directional trade.

Key Details

• Transaction date and price: May 1, 2026; 5,479 shares withheld at $7.59 per share (total ≈ $41,586). (Footnote F2: price equals the share price on the vesting date.)
• Transaction type: F — tax withholding/share surrender to satisfy tax obligations upon RSU settlement.
• Shares owned after transaction: Not disclosed in the provided filing details.
• Filing: Report filed May 4, 2026 (no late-filing indication in the provided data).
• Footnotes of note:
  • F1: Issuer withheld shares to satisfy tax withholding on vested RSUs.
  • F3: The RSUs relate to multiple grants with ongoing monthly vesting schedules (grants from 2023, 2024, 2025 and 2025–12–30) that convert 1:1 into Class A shares upon settlement.

Context
This was a routine tax-withholding event tied to RSU vesting (a common "cashless" settlement practice). Such withholdings are administrative and do not necessarily indicate the insider's view of the company's stock.