Gernetzke James 4

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.