Gernetzke James 4

What Happened

• James Gernetzke, Chief Financial Officer of Exodus Movement, had 5,479 shares of Class A common stock withheld to satisfy tax withholding on vested Restricted Stock Units (RSUs). The withholding was recorded at $5.17 per share, for a total value of $28,326. This was a tax-withholding disposition (transaction code F), not an open-market sale.

Key Details

• Transaction date and price: 2026-07-01 at $5.17 per share (footnote F2 indicates this is the price on the vesting date).
• Shares withheld/disposed: 5,479 shares; total value ~$28,326.
• Shares owned after transaction: Not stated in the provided filing.
• Footnotes: F1 confirms shares were withheld to satisfy tax withholding on RSU settlement; F3 lists the underlying RSU grants and their staggered vesting schedules (grants from 2023–2025 vesting monthly through 2027–2030).
• Timeliness: Report filed 2026-07-02 for a 2026-07-01 transaction (appears timely); disposition code F = tax withholding.

Context

• This was a routine tax-withholding event upon RSU settlement (a common "cashless" mechanism where the company retains shares to pay required taxes). Such withholdings are administrative and do not indicate an open-market sale or a direct signal of the insider’s view of the stock.
• The filing shows multiple RSU grants with future monthly vesting (per F3), so additional withholding events may occur as future tranches vest.