Richardson Jon Paul 4

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.