Richardson Jon Paul 4
4 · Exodus Movement, Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Exodus (EXOD) CEO Jon Paul Richardson Sells 9,464 Shares
What Happened
Jon Paul Richardson, CEO of Exodus Movement, had 9,464 shares of Class A common stock disposed/withheld on June 1, 2026 to satisfy tax withholding on vested RSUs. The reported per-share value on the vesting date was $7.12, for a total of $67,384. This was a tax-withholding disposition tied to RSU settlement (routine), not an open-market sale intended as a directional trade.
Key Details
- Transaction date: 2026-06-01; filing date: 2026-06-03 (timely filing; no late filing indicated).
- Disposed/withheld: 9,464 shares at $7.12 per share; total reported value $67,384.
- Transaction code: F — shares withheld to satisfy tax withholding on RSU vesting.
- Shares owned after transaction: not specified in the data provided.
- Footnotes: F1–F3 note that shares were withheld to cover tax obligations on vested RSUs; F2 is the market price on vesting date; F3 describes the underlying RSU grants and vesting schedules (grants from 2023, 2024, 2025 with staggered monthly vesting through 2027–2029).
Context
This was a cashless/withholding action tied to RSU settlement—common for executives when awards vest. Such withholding is administrative and does not necessarily signal the CEO’s view on Exodus stock; purchases are generally more informative about insider sentiment.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2][F3]2026-06-01$7.12/sh−9,464$67,384→ 796,182 total
Footnotes (3)
- [F1]In connection with the vesting and settlement of Restricted Stock Units ("RSUs") previously granted under the Issuer's equity incentive plans, the Issuer withheld shares of Company's Class A common stock, par value $0.000001 per share ("Class A Common Stock"), to satisfy its tax withholding obligations.
- [F2]Represents the price of the Company's Class A Common Stock on the vesting date.
- [F3]Includes (i) 91,146 RSUs originally granted on January 1, 2023 that vest in equal monthly installments through January 1, 2027, (ii) 121,422 RSUs originally granted on March 13, 2024 that vest in equal monthly installments through January 1, 2028 and (iii) 82,793 RSUs originally granted on May 21, 2025 that vest in equal monthly installments through January 1, 2029. Each RSU represents the right to receive one share of Class A Common Stock upon settlement.