Castagnoli Daniel 4

What Happened

• Daniel Castagnoli (reported as a 10% owner) had 8,892 shares of Exodus Movement, Inc. withheld/disposed to satisfy tax withholding in connection with the vesting and settlement of restricted stock units (RSUs). The shares were recorded at $5.17 per share for a total of $45,972 on July 1, 2026. This was a withholding to cover taxes on vested RSUs (transaction code F), not an open-market sale.

Key Details

• Transaction date: 2026-07-01; Filing date: 2026-07-02 (timely filing).
• Price used: $5.17 per share (price on the vesting date).
• Shares withheld/disposed: 8,892; value: $45,972.
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: (F1) shares were withheld to satisfy tax withholding on RSU settlement; (F2) $5.17 is the closing price on the vesting date; (F3) the filing references multiple RSU grants totaling 233,218 RSUs across grants from 2023–2025 that vest monthly through 2027–2029.
• Transaction code meaning: F = payment of exercise price or tax liability (share withholding).

Context

• This is a routine tax-withholding event tied to RSU vesting (effectively a cashless settlement/withholding); it generally does not indicate active selling intent or view on the company’s prospects. As a 10% owner, Castagnoli is a significant shareholder, and these transactions reflect administration of equity compensation rather than an open-market trade.