Castagnoli Daniel 4

What Happened

• Daniel Castagnoli, a reported 10% owner of Exodus Movement, had 8,892 shares of Class A common stock withheld to satisfy tax withholding obligations in connection with the vesting and settlement of RSUs. The withholding is reported as a disposition (transaction code F) at $7.59 per share, totaling approximately $67,490.

Key Details

• Transaction date: 2026-05-01; Filing date: 2026-05-04.
• Price used: $7.59 per share (per filing footnote as the share price on the vesting date).
• Shares withheld/disposed: 8,892; aggregate value ≈ $67,490.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Notable footnotes:
  • F1: Shares were withheld to satisfy tax withholding on vested RSUs.
  • F2: $7.59 reflects the company's Class A share price on the vesting date.
  • F3: The RSU awards include grants from 2023, 2024 and 2025 with multi-year monthly vesting schedules.
• Filing timeliness: Filing shows a May 4, 2026 report for a May 1, 2026 transaction; no late-filing flag is indicated in the provided data.

Context

• This was a tax-withholding disposition tied to RSU settlement, not an open-market sale. Such withholdings are routine and generally reflect administrative tax obligations rather than a deliberate sale signaling sentiment.
• As a 10% owner, Castagnoli is a significant insider; the transaction reflects settlement of previously granted equity awards rather than a new purchase or strategic sale.