Castagnoli Daniel 4

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.