Richardson Jon Paul 4
4 · Exodus Movement, Inc. · Filed Jul 2, 2026
Research Summary
AI-generated summary of this filing
Exodus (EXOD) CEO Jon Paul Richardson Sells 9,464 Shares
What Happened
Jon Paul Richardson, CEO of Exodus Movement, reported that 9,464 shares of Class A common stock were disposed on July 1, 2026 to satisfy tax withholding obligations related to vested Restricted Stock Units (RSUs). The shares were withheld at a price of $5.17 per share for a total value of $48,929. This was a tax-withholding disposition (transaction code F), not an open-market sale.
Key Details
- Transaction date: 2026-07-01; Filing date: 2026-07-02 (filed next day).
- Price used: $5.17 per share (price on the vesting date, footnote F2).
- Shares withheld/disposed: 9,464; total value: $48,929.
- Transaction type: F — shares withheld to satisfy tax withholding on RSU settlement (footnote F1).
- Footnote F3 describes the underlying RSU grants: 78,125 RSUs (granted Jan 1, 2023, vesting monthly through Jan 1, 2027), 115,031 RSUs (granted Mar 13, 2024, vesting monthly through Jan 1, 2028), and 80,122 RSUs (granted May 21, 2025, vesting monthly through Jan 1, 2029). Each RSU converts to one share on settlement.
- Shares owned after the transaction: not specified in the provided filing summary.
Context
This was a routine tax-withholding action upon RSU vesting (a cashless settlement), which reduces the net shares the insider receives but does not indicate an active decision to sell shares on market. Such withholding transactions are common when equity awards vest and are generally administrative rather than a signal of insider sentiment.
Insider Transaction Report
- Tax Payment
Class A Common Stock
[F1][F2][F3]2026-07-01$5.17/sh−9,464$48,929→ 786,718 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) 78,125 RSUs originally granted on January 1, 2023 that vest in equal monthly installments through January 1, 2027, (ii) 115,031 RSUs originally granted on March 13, 2024 that vest in equal monthly installments through January 1, 2028 and (iii) 80,122 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.