Richardson Jon Paul 4

What Happened

• Jon Paul Richardson, CEO of Exodus Movement, had 9,464 shares of Class A common stock withheld/disposed to satisfy tax withholding related to the vesting and settlement of RSUs. The shares are recorded as disposed at $7.59 per share for a total of $71,832.

Key Details

• Transaction date: 2026-05-01; Price: $7.59/share; Shares withheld/disposed: 9,464; Total value: $71,832.
• Transaction code: F — withholding of shares to satisfy tax withholding obligations on RSU settlement (not an open-market sale).
• Footnotes: The filing notes these shares were withheld upon settlement of RSUs. Footnote details three prior RSU grants that vest monthly (104,167 RSUs from 1/1/2023; 127,813 RSUs from 3/13/2024; 85,464 RSUs from 5/21/2025).
• Price note: $7.59 reflects the company’s Class A share price on the vesting date (per filing).
• Shares owned after the transaction: not specified in the provided filing.
• Filing timeliness: Filed 2026-05-04 for a 2026-05-01 transaction; the report is not marked late.

Context

• This was a tax-withholding/cashless settlement of vested RSUs (code F), not a discretionary open-market sale — common when restricted stock units vest and the company withholds shares to cover taxes.
• For retail investors, these transactions generally reflect routine tax-related processing of executive equity awards rather than a direct signal of confidence or liquidation intent.