Castagnoli Daniel 4
4 · Exodus Movement, Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Exodus (EXOD) 10% Owner Daniel Castagnoli Sells 8,892 Shares
What Happened Daniel Castagnoli, reported as a 10% owner of Exodus Movement, Inc. (EXOD), had 8,892 shares of Class A common stock withheld on June 1, 2026 to satisfy tax withholding obligations related to vested restricted stock units (RSUs). The shares were valued at $7.12 each (total value $63,311) per the filing; the Form 4 was filed on June 3, 2026. This is a tax-withholding disposition (code F), a routine event when RSUs settle, not an open-market sale.
Key Details
- Transaction date: 2026-06-01; Form 4 filed: 2026-06-03 (appears timely within the usual 2-business-day window).
- Action: 8,892 shares disposed (withheld) to satisfy tax withholding.
- Price used: $7.12 per share (price on vesting date, per footnote).
- Total value of shares withheld: $63,311.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes of note:
- F1: Withholding of shares to satisfy tax obligations upon RSU settlement.
- F2: $7.12 reflects the company's share price on the vesting date.
- F3: Describes underlying RSU grants that are vesting (totaling multiple grants that vest monthly through 2027–2029).
Context This was a tax-withholding event connected to RSU vesting (i.e., shares were retained by the company to cover taxes), not an indicative open-market sale or new purchase. For retail investors, such withholdings are routine and typically don’t signal a change in the insider’s investment stance. As a 10% owner, Castagnoli’s holdings and related RSU schedules are reported carefully; the RSU footnote shows multiple grants vesting over coming years.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2][F3]2026-06-01$7.12/sh−8,892$63,311→ 719,317 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 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) 41,397 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.