Gernetzke James 4
4 · Exodus Movement, Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Exodus (EXOD) CFO James Gernetzke Withholds 5,479 Shares for Taxes
What Happened James Gernetzke, Chief Financial Officer of Exodus Movement, had 5,479 shares of Class A common stock withheld and disposed to satisfy tax withholding in connection with the vesting/settlement of RSUs. The shares were valued at $7.12 per share on the vesting date, for a total value of approximately $39,010. This was a tax-withholding disposition (code F), not an open‑market sale.
Key Details
- Transaction date: 2026-06-01; filing date: 2026-06-03 (timely Form 4 filing).
- Action: 5,479 shares withheld/disposed to cover tax liability (code F).
- Price used: $7.12 per share (represents the market price on the vesting date).
- Total value of shares withheld: ~$39,010.
- Shares owned after the transaction: Not specified in the filing.
- Footnotes:
- F1: Shares were withheld to satisfy tax withholding on vested RSUs.
- F2: $7.12 represents the company stock price on the vesting date.
- F3: The filing references multiple outstanding RSU grants (grants from 2023, 2024, 2025 and 12/30/2025) that vest in monthly installments through 2027–2030.
Context This is a routine cashless tax withholding related to RSU settlement and should not be interpreted as a discretionary market sale. RSU vesting and share withholding to cover taxes are common and do not necessarily signal insider sentiment about the company.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2][F3]2026-06-01$7.12/sh−5,479$39,010→ 480,043 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) 45,573 RSUs originally granted on January 1, 2023 that vest in equal monthly installments through January 1, 2027, (ii) 60,711 RSUs originally granted on March 13, 2024 that vest in equal monthly installments through January 1, 2028 and (iii) 40,477 RSUs originally granted on May 21, 2025 that vest in equal monthly installments through January 1, 2029, (iv) 74,375 RSUs originally granted on December 30, 2025 that vest in equal monthly installments through January 1, 2030. Each RSU represents the right to receive one share of Class A Common Stock upon settlement.